Denniss effectively dismantles the "energy security" myth by showing that export taxes hit corporate windfalls rather than consumer wallets in a globalized market. It is a sharp, data-driven reality check against the industry's strategic gaslighting.
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Refuting the Japan/Aus energy security gaslightingAdded:
I'm just pleading with this parliament not to fall for the line that were Australia to introduce attacks on our gas exports that the Japanese government would somehow be concerned or insulted.
They might be disappointed because the Japanese government is a significant shareholder in impelling our gas to Japan. The Japanese government is getting more revenue from taxing Australian gas than the Australian government is. The price of gas paid by the by Japan will not increase when we impose this tax. What will happen is the profits made by the people selling the gas will fall.
There's not two gas prices out there, the high tax Norway price and the low tax Australia price. They're going to keep selling at the world price. It's just they're going to get a smaller slice of it once we start do what Japan does and and put a tax on our exports.
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