It seems that, in gas as in electricity, over-cooked forecasts for demand have justified excessive spending and therefore ensured higher prices. This is precisely what the gas cartel wants: the spectre of shortages whipping up prices. They have been doing it for years.
Wednesday, March 15, 2017
I thought this fairly lengthy explanation of what has happened with Australian gas (and why we don't seem to have enough here - or enough at a good price) was pretty good. A key paragraph: