## Gas Industry taking Australians for mugs!
As if it wasn’t enough that #Japan *onsells* the gas it buys from Australia (through #Singapore companies) at a handsome profit, now #China is doing it as well. It speaks volume for how easy it is to con our govt into submission and give up on the idea taxing #GasExports. So, #Elbow is not only working for Japan but China as well… But *don’t you worry ‘bout that* (quoting a famous #Grifting ex-State Premier) the govt is implementing a *domestic gas reserve*, FFS.
“Santos might not be worried about the gas reservation, but the Queensland LNP government is pretending it is. It wants the gas reservation policy to only apply to new gas, because it’s allegedly worried about its contracts.
Which is doubly laughable, once you learn that China is now on-selling about the same amount of gas (in terms of volume) as it receives from it’s Queensland contracts. Because it has so much gas it has now joined Japan in creating its own gas market from Australian gas. Isn’t that neat?” (Source: The Point Live - today)