How the free market failed Australia and priced us out of our own gas supply | ABC

Within the next four years, Australia will overtake Qatar as the world's biggest supplier of gas. We are sitting on vast gas reserves. In fact, we're swimming in the stuff.

And yet, we face critical shortages at home which could starve manufacturers of fuel, see power outages across the eastern states and force energy prices through the roof while any profits that are made will be shipped offshore.

This is a public policy fail of epic proportions.

And it's worth getting a handle on how it all came about and the shenanigans employed by the gas majors that have deliberately created this crisis and the supposed shortage which is a total con.

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