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    The Albanese government must seize the current fuel crisis and start taxing gas companies | Greg Jericho
    Australia

    The Albanese government must seize the current fuel crisis and start taxing gas companies | Greg Jericho

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    27 Comments

    1. Silent_Penetration69 on

      The concept of Anthony Albanese seizing the day. Interesting.. can anyone picture what that would look like?

    2. Treheveras on

      And how is he supposed to then stop those gas companies passing it onto the consumer?

    3. Zenkraft on

      It’s a shame Labor, liberals, and one nation senators voted against David Pocock’s amendment to One Nation’s bill for a 15% gas reserve and 25% tax on gas exports.

    4. theHoundLivessss on

      We give away our resources for next to nothing and allow the people who profit from their sale to pour fuel on the climate fire. If we were a clever country (rather than lucky), we would immediately copy the Nordic model for sovereign resource wealth while also setting mandates for a shift to renewable energy within 15 years. Both are achievable, it is corruption and a lack of vision that stops us from doing this.

    7. my_teeth_r_dry on

      Mr “social housing for me, tents for thee” Albanese doing something for the people? Never gonna happen

    8. Frozefoots on

      They should but they won’t.

      So, who should we vote in so it actually happens? I’m tired of looking at the Nordic countries and being jealous of what we could have.

    9. Calm_Opportunist on

      Not sure why we’re calling it gas. Gas is gas, you use to cook food. Petrol is what you put in cars. We’re not America. 

      Edit: nevermind, am a lazy idiot. 

    10. rob189 on

      Never going to work in the current climate. Companies will pull investments and leave us in the dark.

    11. Willing_Television77 on

      I saw in the news today that USA fuel prices have increased about $0.80us per gallon. That equates to about $0.23aus per litre. The Sydney price has risen around $0.57aus for E10. If that isn’t gouging how do they explain it?

    12. Complex86 on

      The Labor Albanese govt has proven themselves to be totally inept on many topics. This is one of them.

    13. SEQbloke on

      Gas companies would just run a PR campaign that everything costs more because the government.

      The government wouldn’t defend itself and idiots/shills would believe the PR and we would be stuck with a government of the gas companies liking.

      🤷🏼‍♀️

      I still want to see everyone effectively taxed, but also have a government that stands up for itself and calls out companies that aren’t acting in our best interest.

    14. Ok_Bird705 on

      Greg Jericho, the Australian Institute economist who said back in January that the December inflation numbers was a one off (proven wrong by Jan figures) and that inflation back in 2022/2023 (when it was above 7%) wasn’t something the RBA should worry about since it was all driven by overseas factors and that any rate rise would cause an unemployment surge.

    15. Several_Version4298 on

      You can’t impose taxes during a crisis. You have to reassess after things have stabilised.

    16. dobbydobbyonthewall on

      Can someone just summarise what this opinion/article says that is different from the hundreds of other articles posted daily outlining reasons why we should start taxing gas companies?

      Like seriously, how many other ways can we write it?

    17. radred609 on

      It’s somewhat amusing how an oil crisis is fuelling the conversation about Gas extraction.

      Have Australians consumed so much American media that we’ve forgotten that gas is a different thing to Petrol/Diesel?

      That said, Jericho is right. Labour currently has a gas industry policy change in the works. The **Gas Market Review** was released at the end of last year and the proposed **Gas Reservation Scheme** is currently undergoing community and industry review.

      Hopefully the current energy crisis encourages the government to commit to bold implementation, but the best way to guarantee this is to talk to your local MPs.

      (no, but seriously. If just 1% of r/Australia members wrote to or called their local MP to indicate simultaneous support for stronger action on the Reservation Scheme **and** to fastrack the Narrabri and Beetaloo Gas basins in return for partial public ownership then I think we would see government action within 6-8 months. Tens of thousands of letters would have a monumental effect on the actions of your local MPs)

      Hell, even if we’re concerned about the Greenhouse Gas emissions, we could offset the CO2 emissions of the entire Beetaloo basin by prioritising investing the proceeds into projects like the Sydney-Melbourne HSR. (or, more realistically, a Newcastle->Sydney line that eventually gets extended to Canberra->Albury/Woodonga->Melbourne->Geelong)

    19. splittingheirs on

      Expecting policies benefiting the poor and working class from the Liberal-Lite**™** Party… hmmm

    20. ghoonrhed on

      There’s so many things they could do. State governments could incentivise PT by lowering the costs, they could stop office working and promote WFH.

      They could start taxing these fossil fuel companies now that they would be making bank as well. Such wasted opportunities

    21. Svennis79 on

      All resources extracted should be ‘bought’ the cost of these items could then be assessed every 6 months.

      Gas companies start profiteering, cool the unit price they pay for extracted gas increases.

      Same for water, same for mining companies. They should buy what they extract. Doesn’t matter if its a nominal amount, the key being, the govt then is in a position to assert significant influence.

      I.e. stop being twats or the price is going up 2000%.

    25. Frosty-Bandicoot-178 on

      Yes, <insert party> could do the right thing, but why would they ever do that?

      Would it not be easier and make more sense to not do anything and keep stealing from future generations to prop everything and get re-elected?

    26. SpitefulRedditScum on

      I’m driving around Sydney today and I’ve seen 2x billboards extolling minings amazing contribution to Medicare as a reason to not pay more tax lol