Adjunct Associate Professor, School of Social and Political Sciences, University of Sydney, on March 14 2017, in an article in The Conversation, discloses that there is no shortage of liquefied natural gas (LNG) in Australia or in the world, in fact there is a glut. The people of Australia and particularly landholders have been treated deplorably by the international energy industry. As pressure was put landowners and governments by the energy industry to allow prospecting for more gas, coal seam gas (CSG), on some of the most valuable agricultural land in Australia, landowners feared for their future and fought for their property rights. What the landholders didn’t know was that all the time the international energy industry was being less than honest with them, the Governments of Australia and the people of Australia. What follows are parts Professor West’s convincing article in The Conversation. Together with comments from me regarding the apparent dishonesty, at best, of the international energy industry. I thank Professor West and The Conversation for the material provided. I hope this time we can cause an outrage and have questions answered.
A global cartel has manufactured a gas crisis in Australia, when in fact there is a world wide glut. On the 14th of April Professor West predicted (and it happened) that the Prime Minister would be prevailed upon by the cartel to stay away from doing for Australia what the Carpenter Government did for Western Australia when it secured for WA 15% of the Pluto gas field production for WA. The cartel will plead with the Turnbull government not to interfere with ‘the market’ and encourage it to persuade State governments to issue licences to explore the Australian landscape for coal seam gas (CSG) so as to avoid an impending gas shortage. Put ‘there is no gas shortage’ into you search engine and you will find that the lies of the cartel prevail.
According to Prof West there is no such thing as a ‘gas market’. Six big companies have formed a cartel and control the market price: Santos, Exxon, BHP, Origin, Arrow Energy and Shell. Michael West claims ‘Markets have visible prices and quantities on the bid and offer. The cartel even hides information about its gas reserves from government.’
Continue reading “Japan pays less for Australian liquefied natural gas than Australians do.”