2 comments on Inquiry into the Excise Legislation Amendment (Condensate) Bill 2008 and the Excise Tariff Amendment (Condensate) Bill 2008
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I am very much an amateur in these matters but it seems to me that the proposed recommendations make a lot of sense.We have certainly squandered many opportunities in this area to date.
Please excuse my getting a little off subject onto the LNG export business.
Apart from having entered into some very ordinary contracts for LNG export it seems insane to be selling LNG overseas in an era of liquid fuel shortage.Because of the way our system is structured around cheap liquid fossil fuels Australia is inevitably going to have extreme difficulty changing to sustainable transport and agriculture.LNG is a way of bridging this changeover,admittedly not without a large investment in infrastrusture - pipelines,refuelling stations etc.
Thanks for a very cogent post.
Regarding gas / LNG, its worth looking at the scenarios I examined in this post :
http://anz.theoildrum.com/node/4094
Even with expanding LNG and assuming quite a lot of use of both CNG for transport and gas for power generation, we still have 30-50 years of gas left (not counting unconventional gas sources). So on that front things aren't as bleak as people tend to think (or as rosy as Marn believes).