Thread: Gas reserve for us.

Don't know if we are the only nation, but we are possibly the thickest in this regard.

This also isn't just a issue of thick politicians, we as a nation continue to vote for those with nothing but short term agendas.
So we are getting what we deserve.

It is greed, with insiders making a fortune. And the rest of us , not knowing enough to complain. Bob

Originally Posted by bob10

It is greed, with insiders making a fortune. And the rest of us , not knowing enough to complain. Bob

Agree, 100%.

Guilty, bought Santos shares last week, hoping to make a fortune , or I could say I am investing in Australia's future.

But I do support the concept of reserving essential materials for Australian use.
N.b, original post, only nation etc, not sure if that is true, for example in PNG only now are they trying to retain some gas for domestic use.

WA has had a 15% reservation for a number of years and prior to that did massive underwriting of the North west Shelf. Very good reasons and she great benefits (especially with the latter) but always unforeseen ramifications. I will leave others to do their research but we should always be careful with these policies.

We should have gone the Brunei way years ago,but have completely missed the boat.

There Govt is in joint venture with the oil companies,provide the locals with very cheap oil and gas.

No personnel income tax either.

But living standards are no where near ours either.

Bags being Sultan of Australia, , harem interviews start on Monday

The solution to the problem is really rather simply. The export quota issued to gas companies is simply linked to domestic use. That is for every cubic foot of gas sold domestically teh copmpany is allowed to export 3 x this amount.

This would force gas companies to install gas connections domestically at reasonable rates. if gas is too expensive domestically or is not easily available, then this effects the amount exported.

All new housing estates would then have 'on-line' gas connections. People would also use LNG for bottled gas usage versus the present system which is LPG based.

This is another case of the Governement of the day going off 'half-cocked' and not implementing startegies to ensure that Australians benefit from natural resources.

Another typical 'half-cocked' idea is the solar scheme. Solar panels without battery storage serves very little purpose. Without the ability to store the energy produced and use this energy at times of 'peak demand' does not allow Australia to reduce its relaince on coal fired power stations. Peak demand still remains exactly teh same and therefore there is very little if any benefit to the consumer. Most people are not at home when solar panels are working and therefore their demand for electricity goes unused. Feeding the excess electricty generated back into the grid is also not what it appears to be as most electricity fed back into the grid goes unused, as most grids are not set up to allow the flow of electricity back through the network to where it is required, due to the cost of powerlines and transformers to accept this set up.

Why do we not have gas fired turbines or even convert our existing coal fired power stations to run on LNG and again this would be an incentive to the Gas exporters.

Dalby, in Queensland, has an abundace of gas fields and even has 5 gas fired turbine generators in the system. However, I am unaware that residents of Dalby receive any cheap electricty.