Wednesday, April 24, 2013

Gas industry has itself to thank for higher prices - The Drum Opinion (Australian Broadcasting Corporation)

Gas industry has itself to thank for higher prices - The Drum Opinion (Australian Broadcasting Corporation):

It is completely understandable that gas companies want to export overseas. The much higher gas prices means bigger profit and in our market economy, we assume that firms will pursue these higher profits. It is also understandable that gas companies will want to develop new gas projects. With the higher prices a lot of new projects will now be profitable.

But what is not OK is for APPEA (a lobby group of the gas producers) to blame concerned Australians for the gas price increases - price increases that are being driven by the industry's desire to sell gas overseas.

APPEA should spend more time looking into safety concerns about CSG and how they can fix them, and less time demonising ordinary Australians.

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