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The Forum > General Discussion > Labor and Greens are responsible for high gas prices.

Labor and Greens are responsible for high gas prices.

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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."
Posted by shadowminister, Tuesday, 24 January 2023 9:18:48 AM
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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.
Posted by SteeleRedux, Tuesday, 24 January 2023 9:43:50 AM
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The Greens would also like to be responsible for a $12 billion increase in the cost welfare with an increase in dole payments.
Posted by ttbn, Tuesday, 24 January 2023 10:11:28 AM
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"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.
Posted by Poirot., Tuesday, 24 January 2023 10:17:21 AM
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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.
Posted by shadowminister, Tuesday, 24 January 2023 10:35:02 AM
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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?
Posted by Aidan, Tuesday, 24 January 2023 3:16:10 PM
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