WENDELL HUSSEY | Cadet | CONTACT
In what comes as one of the most shocking news stories in recent times, some of Australia’s largest energy companies are providing even less value than they were previously.
The unfathomable situation comes after the tax dodging, price-gouging energy companies who supply the nation’s gas hold the country to ransom over energy shortages.
The crisis comes despite Australia being the 3rd largest exporter of gas in the world, sending at least 50 billion dollars a year overseas – with very little to show for the huge natural treasure chest of resources that have been pissed away.
With prices at an all-time high, our leaders are now paying the price for decades of privatising and de-regulating our energy sector so they could get cushy consultancy jobs after politics.
With very few tools at their disposal, including a ‘trigger’ that would take 12 months to kick in and force companies to secure a local supply of gas, our politicians have been left to write strongly worded letters to various bodies and companies in the hope of someone listening.
While some are asking why we can’t just drop down to maybe the 4th largest exporter of gas in the world and stop people being price gouged; the likes of Origin, Shell, and Santos have told us that there is nothing that can be down about this ‘perfect storm.’
“Unfortunately the vast gas deposits the country is blessed with are all tied up in contracts that are making us eyewatering profits,” said one board member for Santos, a company that paid next to no income tax on 23 billion dollars of income over a few years.
“And the politicians have no power over us because they bought the narrative that the market would be more efficient if left to its own devices.”
“So, when you ask us to maybe forgo a tiny bit of profit and secure the local market we say;”
“How does get fucked sound?”
“Besides, we are going to sponsor a couple of sporting events this year. So we don’t need to pay tax or supply people with the gas that we rip out of their country and siphon off.”
More to come.