By Andrew Probyn, Federal Political Editor
James Price Point looms as Colin Barnett's political pinch point.
At some stage in the days and weeks ahead, the Premier, an economist, will be forced to acknowledge that not even his substantial political skills can bend commercial fundamentals.
Mr Barnett's preference for a giant onshore gas hub at James Price Point -- a site picked by the Premier and one that was not among the 11 potential sites identified by the Northern Development Taskforce
-- is not going to happen.
Mr Barnett was burnt by the way he championed the Oakajee Port project when private investors found it failed to stack up financially. James Price Point will tell us whether the Premier has learnt this lesson.
Floating liquefied natural gas is a concept that seemed abstract less than a decade ago but is now a firm reality.
Under pressure: Environmentalists have protested against a gas hub at James Price Point, but technological changes make the site's use unlikely.