We are back to gas, where Angus Taylor says:

Well, the economics of this is absolutely essential to understand – more supply drives down price. It’s always been true. And we have an opportunity in this country, as one of the biggest gas exporters in the world, between us and the US and Qatar, is to make sure that Australian gas is not just working for international customers but is working for Australians. And that means pumping more gas into our network in the short term we think that gap is between 50 and 100 petajoules in a market of just over 500 petajoules and that’s a substantial domestic market.

We don’t need more supply. We have plenty already. And you could still have a domestic gas reserve without eating into those exports everyone is worried about, because the gas industry has said about 20% of gas is uncontracted.

But more supply does not mean lower prices if those prices are exposed to the international market. Taylor keeps talking about the North West Shelf extension which is ONLY for export. And Woodside wants more of WA’s domestic gas to run its expansion project. THIS WILL NOT LOWER THE PRICE OF GAS IN AUSTRALIA.