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Honestly, give it up.
A federal gas reservation scheme risks deepening Australia’s reliance on imported fuel by choking off investment in southern gas fields, Beach Energy boss Brett Woods has warned.
…Beach is a vocal opponent of the plan, insisting the policy will crush domestic prices such as it but it said Labor’s signature energy policy risks damaging unintended consequences – weighting on Australia’s fuel security by reducing production of condensate.
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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.
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