Australian LNG

Liberal frontbencher Andrew Hastie has told Guardian Australia he’s open to the idea of a 25% tax on gas profits as part of a sovereign wealth fund which could strengthen the budget.

In the last few days, RBA hawkish fears have eased, even though the central bank has maintained its rhetoric.

It’s pretty clear that the American Idiot has opted for boots-on-the-ground.

The great Aussie fuel bludger is still paying $151 per barrel for Oman crude today and probably more, as it scavenges and scabs barrels wherever it can.

It must be the only place on earth where this is happening.

This would be a worry in normal circumstances.

The Albanese government is underestimating the severity of what might be the biggest oil crisis in history, driven by interruptions in the Middle East and the closure of the Strait of Hormuz, according to International Energy Agency (IEA) Fatih Birol.

Yes, the impossible has happened.

Always fighting the last war, Albo’s cowards are talking about doing stuff in May.

Literally exploded.

As we know, China has banned refined fuel shipments, restricting the world’s supply.

With the news last night that Iran bombed and set ablaze the huge UAE Shah gas field, LNG prices are on the march higher across the world.

Iran is humiliating the American Madman on a daily basis now.

Australian gas prices have held at $10Gj over the past few days.

For decades, Israel has tried to trap US presidents in a war with Iran.

Charts from TME.

Most commentary on the local gas price has been very bearish about what is coming next.

Late yesterday, in a conversation with Michelle Grattan on The Conversation’s Politics podcast, Deputy Governor Andrew Hauser talked about monetary policy, oil prices, and the Australian economy.

Australia’s performative democracy is a circus of jingling clowns pretending to care about national interests while doing nothing of substance.

Energy Minister Chris Bowen suggests that the recent energy crisis in Australia is largely down to you.

Yes, you read that right; the Australian gas price continues to crash.

According to BCA Research, the United States’ main goal in Iran is more constrained than that of Israel: reducing Iran’s capacity to pose a threat to the area, rather than overthrowing the Iranian government.

Yes, you read that right, you’re about to get power and gas bill cuts.

The G7 will bail out the American Idiot with its strategic petroleum reserve after he proposed a 300-400m/b release, roughly a quarter of the total and equivalent to all of the remaining US strategic reserve.

Oil is up 18% at $109 this morning.