After years of LNP and Labor both chasing the free market myth, the Federal Government seems to have listened, but the only measure of success is if gas prices substantially come down, state Member for Traeger Robbie Katter said.
“The KAP have been warning successive governments for more than a decade of the impending doom facing industry from high gas prices and pushing solutions such as a Gas Reservation Policy to address the supply and price of gas,” he said.
Mr Katter spoke in Queensland Parliament on 11 September 2013 saying solutions were urgently needed to the impending price rises caused by the LNG export developments. “Whether it’s a gas reserve policy or what, it’s a big problem,” he told the Parliament.
“The Federal government has finally been forced to wake up!” the KAP leader said.
“Since 2015, when LNG exports commenced, we have witnessed the gutting of our manufacturing industry – all to chase economic ideology.
“It’s high time that we jump off the ‘Free Market train’, before it careers over the cliff, and we are importing everything we consume.
“It’s a big ‘if’, but if the Federal Government effectively execute their Gas Reserve Policy, that is how you begin to put Australian users of gas before the interests of multinational corporate exporters.
“You’re going to upset someone, you’re going to upset the big multinational, but that’s what you must do when you’re rolling up your sleeves and protecting our ability to make things, to not rely on the rest of the world, to be ‘sovereign,’” Mr Katter said.
Mr Katter asked the state Resources Minister in parliament on 3 April this year if they would support a gas reservation policy in Queensland and was told “there is no gas crisis.”
“I really hope the Queensland government leans into this, because they’ve been pushing back against this, just like Labor, for all these years as well, based on economic ideology,” The KAP leader said.
“They believe in free markets and backing these big gas companies, we believe in domestic industry and manufacturing.
“Gas reservation is one of the vital steps you do to actually exercise sovereignty, not just talk about it in slogans and media releases.” Mr Katter said.
Bob Katter is quite good at leadership if he can get a lot of supporters it is a great help. Instead we commonly see the idiot M$M deriding him and morons with animal-level brains chiming in about things they have no concept of. When these idiots and morons get airtime they trash the brand, as intended. But they do so to their own detriment, and that’s why they are morons
Don’t know about the gas but my power’s high price has to do with the service to property charge.
This was granted, in Victoria at least, as sweetener to the buyers of the assets-the Chinese, generally-when the assets were sold by the estate government, many years back.
The STP to my public housing unit-six in this particular block, 8 in all at this address- amounts to almost $100:00 per month.
This i for the one wire that goes from the street to my six pack block.
The power company des not do the maintenance, does not own the assets, nor generates the power, and has 100k clients in the state.
The only maintenance I have seen happen is a couple of Powercor blokes who came to drill a core a sample of the pole out the front to make sure it has not been white anted-and that is it.
As memory recalls, the STP was granted to ensure p profits.
I have a document from 2022 about the $10 billion power rip-off that says, in part:
“Energy network providers received 67 per cent higher than normal profits from 2014 to 2021. Picture: NCA NewsWire / David Crosling
It means these businesses are allowed to keep the savings if they can make efficiencies and reduce costs below their allowed revenue.
But the Institute for Energy Economics and Financial Analysis discovered network companies had received $10bn in extra profit above normal levels that was ultimately permitted by the energy regulator.
The paper’s author Simon Orme said customers had been forced to spin “golden silk for network providers for nearly a decade”
https://www.news.com.au/finance/money/costs/new-report-finds-australians-overcharged-10bn-on-their-energy-bills/news-story/6411ddba967faa419bd97745a7d6fba4
And there you go-and where is the refund, you might ask?
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