unlucky country
Everyone's a Loser in Australia's LNG Boom
The government's tax take has slumped and energy companies are hemorrhaging money.
This article is for subscribers only.
Why is it that one of the world's top five energy exporters can barely keep the lights on? That's not as much of a contradiction as it sounds.
After all, the interests of a country's energy exporters and its domestic consumers are fundamentally opposed. Exporters want high fuel prices to ensure the best profit margin. Households and businesses want cheaper electricity bills.