Labor and the greens have put a cap on the price of gas in Aus, yet are blocking the development of the vast and easily accessible Victorian gas reserves. "Victorian Shadow Minister for Energy, David Hodgett is well aware of Victoria’s vast on shore low cost gas reserves that do not require fracking. They and are unique in the world because a co-product from the deep reserves is water, that can be used to help farmers avoid droughts. Victoria’s immense gas reserves have never claimed “conventional” status — they are much better than “conventional gas”. And because Victoria’s gas doesn’t require fracking it’s nothing like the “unconventional” gas in Queensland and NSW.

Victoria’s reserves are alongside a national pipeline. The reserves were calculated by world-renowned gas and oil reserve estimator MHA Petroleum Consultants, now part of the giant Sproule group."

More deep ignorance. Of course onshore gas in Victoria requires fracking. I sat on one of the panels looking at whether to keep the moratorium in place and it was all about the fracking as there were a lot of presentations from mining companies reassuring farmers about aquifers.

The idea that the country which exports the most gas in the world should be attempting to blame supply for high prices is unbelievably idiotic.

And Labor and the Greens are not to blame for the war in Europe.

The Greens would also like to be responsible for a $12 billion increase in the cost welfare with an increase in dole payments.

"The Greens would also like to be responsible for a $12 billion increase in the cost welfare with an increase in dole payments."

Most of which would be promptly poured back into the economy.

Whereas the libs Stage 3 tax cuts (mostly for the wealthy) are set to cost around $254 billion over ten years.

I'm sure you'll complain about that any day now.

SR,

According to the Vic state gov, no fracking is required to access this gas.

https://earthresources.vic.gov.au/projects/onshore-conventional-gas-restart

This gas would be available in Victoria where there is no LNG plant and it would compete against the gas supplied by QLD and reduce the gas price in SA, VIC and NSW without damaging the LNG export industry.

Huh?
I admit I haven't been following the issue very closely, but I was under the impression that although the fracking ban remains, the moratorium on onshore gas development had been lifted at the start of the 2021-22 financial year.
Is that not the case?

Hi Poirot,

The big welfare cost in Australia is Aged Welfare, ttbn has a whinge every time the taxpayer is burdened with another increase in his aged welfare payment. He like several others on here, living off aged welfare, cry in their beer, "The pensions not enough!"

"Pensioners are demanding so much support from taxpayers that the generational "bargain" between retired and working Australians is becoming unbalanced, the Centre for Independent Studies says." SMH.

An immediate cut of 50% in Aged Welfare, would only have a minimal effect on old folks, but beer and pokie revenue would drop substantially down at 'God's Waiting Room'.

Aiden,

The Vic state government is still violently opposed to opening one of Aus's biggest non-fracking gas fields.

Piping the gas from QLD to VIC and SA is not only expensive but wildly hypocritical.

Shadow,
Violently opposed? How so?
Exactly which gas development is it they're blocking?

Aidan,

VIC Labor has banned the drilling for or exploration for natural gas in Victoria.

If the Fwits in Vic had not done this there would be ample gas to supply NSW, VIC, and SA that was not linked to LNG exports and that should be substantially cheaper.

Shadow,
Restating what you've already said doesn't answer my question. The moratorium was lifted a year and a half ago, so was this exempt from the lifting? Or has it been banned since? And if so, why?
Or is it that Vic Labor don't really oppose it at all, but it suits the Murdoch Press to blame the current situation on their past policy?

Aidan,

Let's see if you can answer, assuming the ban on gas extraction has been lifted, then why is one of Australia's largest and lowest-cost gas fields untapped?

What they have banned is not only fracking but coal seam gas which is not fracking and can be extracted with little to no environmental damage.

Shadow,
You started the thread.
You failed to supply the detail.
You failed to answer my questions.

Sure I could speculate, but there'd be a high chance my speculation is wrong.
I did try Google and found your original post was based on something in the Murdoch press.
Not always a reliable source, and it's paywalled.

Where is this gas field, and what evidence is there that it's one of Australia's largest and lowest cost?

One thing you can always rely on with the 'Murdoch Gutter Press' is its always unreliable. A quick bit of research shows there is no impediment to gas projects in Victoria, unless fracking is involved. The opening post is a straight cut and paste from the Murdoch rag, the misnamed 'The Australian', SM you are still a subscriber I see.

TO SM,
There's no such thing as a plus without a corresponding minus.
Tell me the 'minus' and I'll give thought to your 'plus'

Aidan,

You are asking for a research paper on the issue complete with a bibliography. This is an online thread and I have made a statement backed up by a reputable news agency.

On top of that, I have looked on the Vic gov website and other sources.

The Vic government has banned permanently fracking or coal seam gas extraction. Given that natural gas is almost always intertwined with coal, this is in reality a permanent ban on any natural gas extraction.

If you want any more information, feel free to look it up. Your ineptitude in research doesn't make my comments wrong.

The Labor government is planning for 82% renewables by 2030. The Liberal Party is planning 85% by 2050 and 61% by 2030.

And that's not allowing for the possibility of them getting madder in the meantime.

So far, taxpayer subsidies of $6.9 billion ANNUALLY, have achieved a mere 27% wind and solar share of the market. That's all; in 20 years of tomfoolery that has just made energy scarcer and dearer.

Treating us like fools, they tell us that we have to have more of this, and it is cheaper than fossil fools!

Electricity is expensive and becoming more expensive to buy; and we are also having our taxes wasted on subsidies to help carpetbaggers get richer.

The lessons of Europe are ignored by politicians, who are wilfully going down the same trail, keeping up the Aussie tradition of ageing all the bad crap for overseas, but none of the good.

In the UK, they have reached 36% renewables with public money subsidies (plus shocking customer prices) with subsidies equivalent to $24 billion.

The mad people in Canberra be getting a lot madder yet. And we will be getting a lot poorer - when there is electricity available to buy.

While Europeans can blame the war in Ukraine for some of their energy problems and costs - only the Mad Hatters in Canberra are to blame for Australia's problems.

Now they are panicking because their mad interventions are not working, and introducing communist-style price caps, which will lead to shortages.

"I (SM) have made a statement backed up by a reputable news agency."

You can't be serious, you consider the 'Murdoch Gutter Press' with its hugely anti Labor bias as a reputable news agency, it has no credibility. Please that's ridiculous.

Paul,

More lies from you? Impuning Newscorp's integrity that you don't even read makes you a liar and hypocrite.

The Australian is conservative-leaning but comparing the mistakes made by Newscorp compared to any other Aus news organisation puts them amongst the very best.

So unless you have a particular fact that you disagree with your attempt at shooting the messager is just shooting yourself in the foot.