Australia's Gas Crisis: Coming Sooner than You Think 

some reports say gas is being exported in great quantities and no royalties are being paid. zero tax. selling gas for more offshore.

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For Queensland LNG exports the final decision was made in 2010 under a Labor federal government. For WA the initial export approval was given by a Liberal federal government with subsequent increases under both parties. For the idea of increasing the household use of gas, shifting away from electricity for water heating, that was a deal done by Labor in 2006 in return for Greens preferences at the 2007 federal election. So politically they're all to blame. More broadly, energy planning is mostly about oil and gas resources or the limitations thereof, that's the big problem and has been well understood as being so for half a century. Now go and look at Australian energy policy discussion over the past few decades and it's been on pretty much everything other than that subject. Privatisation, competition, climate change, nuclear, rivers even but the primary problem, oil and gas resources, has barely had a mention. That's the real failure.

"Gas powered Covid recovery", wow didn't we throw billions of dollars at that … for nothing … right? Taxpayers get nothing?

They are all corrupt. Full of self interest only

or dare i say it. "a conspiracy" ☝️some sort of criminal activity going on.

$$$

@@slh950 Literally was gonna that We're not Norway! "We", "Australia", doesn't own its own gas fields. Some fat woman and grumpy blokes do. You may have heard of them.

Check out where mark mcgowan works now!

Definitely on the payroll + extra non-cash benefits

Some people get to feel good about it. The greens and the gas companies.

1995 called, and wants its talking point back. Gas leakages in the USA are now causing more global warming than coal. Methane is far more powerful as a greenhouse gas, remember.

Australia should be using its high efficiency coal

@@HughButler35 top comment

And it's not the taxpayer, like in Norway. *swoon*

Where are the long-term gas supplies coming from? Australia's east coast gas market (including Qld, NSW, ACT, Vic, Tas & SA) has 2P developed gas reserves-to-production (R/P) of only 9.4 years plus 2P undeveloped gas R/P of 8.6 years. 18 years remaining at best of gas supplies at year-2023 production rate. See the AEMO's 𝘎𝘢𝘴 𝘚𝘵𝘢𝘵𝘦𝘮𝘦𝘯𝘵 𝘰𝘧 𝘖𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 - 𝘔𝘢𝘳𝘤𝘩 2024: 𝘍𝘰𝘳 𝘈𝘶𝘴𝘵𝘳𝘢𝘭𝘪𝘢’𝘴 𝘌𝘢𝘴𝘵 𝘊𝘰𝘢𝘴𝘵 𝘎𝘢𝘴 𝘔𝘢𝘳𝘬𝘦𝘵 document shows in Figure 26 (on page 47). If one cannot find any economically extractable gas, then one cannot produce it. And even if some were found, how does that sit amongst the overall scheme of things as far as global gas reserves and production rates exist? As a gas producer, Australia (3.7% global share in 2023) is a minnow compared with USA (25.5% share) & Russia (14.4%). Global fossil methane gas supplies are only going to get scarcer and more expensive.

Plus, well done for having the guts to keep the comments open here.

ooh "communist" nah Norway knows it's great. Good to be Norwegian now.

@@whophd Yeah, now they have the world's largest sovereign wealth fund. Nationalising core infrastructure and resources is simple, doesn't mean we need a Labour/ Liberal ran Bunnings or Coles

Is that a test question?

@@whophd so funny answer

@@whophd Your video title tag description should be proper SEO and social media sharing, then your video will start ranking

You do know half our power stations are run on gas to produce the electricity you do get that right 😂😂😂😂😂

@@MellanieBroad Nope, gas will only be needed for "peaking". Renewables and batteries can and will supply almost 100% of our needs once they are built out. And anyway, even if more gas is used at power plants, it is still used way more efficiently than everyone burning their own gas. And with everyone not needing gas anymore, then there's no excuse for shortages since there will be no competition for the gas for residential use, the power plants can have as much gas as they need.

HAHAHAHAHAHAHAHA

Now that's a funny joke!

Coupla petro-state simps in this reply thread but yep, it's a good life with $0 or negative power bills, and disconnected the gas. Laugh now simps.

Sounds easy to say but very hard to implement. Replacing gas cookers, gas ducted heating, gas water systems will cost thousands of dollars for Australians

@@sams9101 If you have solar getting off gas pays for itself (unless you just bought a gas appliance). Just having gas connected costs 50% of many gas bills.