Gas mess will get worse and wider
The federal government’s Soviet-style attempt to control both the price and supply of gas will have seriously damaging impacts way beyond the immediate pain imposed on consumers and businesses.
Terry McCrann
Albanese’s gas mess just the first of many
With a trainee treasurer and a PM who hasn’t a clue about the most basic interest rate in the economy, it’s no surprise that the government’s scheme to cap gas prices is such a mess.
![CORRECTION - Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 9, 2020 on Wall Street in New York City. - Major Wall Street indices finished down more than seven percent following an ugly session sparked by an oil price crash and fears over the economic fallout from the coronavirus. At the end of a day-long rout, the benchmark Dow Jones Industrial Average was at 23,851.02, a loss of more than 2,000 points or 7.8 percent, making it the worst session since December 2008. (Photo by TIMOTHY A. CLARY / AFP) / “The erroneous mention[s] appearing in the metadata of this photo by TIMOTHY A. CLARY has been modified in AFP systems in the following manner: [down more then 2000 points] instead of [down more then 200 points]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”](https://content.api.news/v3/images/bin/3da014f0d9256a0048610988ca4e2574?width=650)
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Original URL: https://www.dailytelegraph.com.au/business/terry-mccrann/page/71