Will Australia be “poor” without coal and gas?

Tuesday 29 October 2024

The East Coast gas cartel continues to rort like it’s going out of style with gas prices glued above Albo failed $12Gj price cap even in the off-season:

Leading directly to unseasonally high power prices:

This makes statements yesterday by Barnaby Joyce rather interesting:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.