Quote:
Originally Posted by Adamz Ghia
Go to the power station near Morwell and the conveyor belts run over the road from the coal mine to the power station! How the hell do international events affect that??
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I know right,
We don't have any legislation around supply and pricing of our own resources into our domestic market, WA has legislation about supply on natural gas that their industry must guarantee supply to the local market, where as us eastern states (and SA) are paying spot prices, WA is only paying like $6/GJ for gas and here we're paying $35-$55/GJ.
We're literally competing on the global market for our own resources we dig up/harvest/use internally. Except countries like China and Japan are buying on long term contracted pricing, so they're paying way less than what we are for our own gas even after the cost of shipping it to them.
May be different for brown coal we use in VIC because I don't think its as valuable or exported at any decent rates in comparison to black coal which NSW and QLD both use.
There's conjecture about 'lack of competition' causing 'price rises' to Australian customers but I think its Canberra being
'afflicted by mental retardation' to quote Iranian President Hassan Rouhan.
https://nymag.com/intelligencer/2019...tardation.html
Should be fulfilling our own market requirements first + some extra buffer, then you can export as much as you want.
They're predicting a gas shortage on the eastern coast this year, how the hell do we run our own domestic market out of a resource we have an abundance of?
https://www.theguardian.com/australi...y-review-warns