by therisingblues » Sun Nov 13, 2016 4:53 pm
Just from the first reading I'd say that we used to pay cheap domestic prices for our Liquified Natural Gas, as we had a shit load of the stuff, but since the opening of export facilities, we began paying a global price, which was higher. We are now paying a higher price than the most expensive market in the world owing to a global glut of LNG, a cartel of 5 dominant companies, and a lack of regulation and transparency in Australia. BY comparison, U.S companies have to report everything, and if they tried to pull the same stunt the differential in costs and what they charge the customer would quickly be discovered.
The solution appears to be to break up the cartel.
I'm gonna sit back, crack the top off a Pale Ale, and watch the Double Blues prevail
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