Published: September 21, 2020
Even if the government could swim against the economic tide and miraculously reduce gas prices, the benefits of doing this have been oversold
In the past week the federal government has made a series of announcements supporting gas development and production. The rationale, in the government’s words, is that gas is “a critical enabler” of the economy, particularly the manufacturing sector.
The Grattan Institute is writing a report on gas that, among other things, examines these claims. From what we have found so far, the government’s plan to use gas to stimulate manufacturing, and thereby the wider economy, will fail.
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