Treasurer Chalmers defends gas market intervention

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Treasurer Jim Chalmers has expressed confidence in the government’s energy market intervention which he says will put downward pressure on price increases.

"We know the issue is supply. That is the one thing that will drive prices down,” he told Sky News Australia.

“What this Labor government has forgotten is the long-standing economic principle of demand and supply,” he said. “And the other piece that Australians need to understand is if we don’t continue to increase our supply in Australia we are actually chewing into our reserves.The Treasurer said the price cap will put downward pressure on the forecasted price increase, which will have flow on effects.

 

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Hey Jim, wanna buy a bridge?

JEChalmers and the ALP have such great energy policy, they have to intervene in the operation of the free market! They have managed to drive electricity up over 50% and gas up over 40%. These fools are driving up cost of living and driving down everyones living standards!

Jim Chalmers expresses confidence in his own policy. That's news?

Yeah

Malarkey

He’ll make a great roast for Australia Day, he’s a real goose.

Waiting waiting waiting

Meanwhile, inflation ⬆️⬆️⬆️. Mortgage rates ⬆️⬆️⬆️. Still nothing for Australians and pandering to wef, UN directives.

Idiot

So the electricity bill I just got is an anomaly?

Chalmers, Australia's greatest spin doctor!

Out trainee Treasurer has no idea.

Wrong again Jim.. LaborIncompetents

JEChalmers your a prince flog with absolutely no effing idea. Where is the cost of living solutions

Whatever a politician says, the opposite is the truth.

Confidence in 'downward pressure' funded by handing out millions of taxpayer money. Robbing Peter to pay Paul is hardly a strategy and certainly not sustainable. USELESS!

We shall see

Has Chalmers got a degree in economics, or is he just another bullshit artist lawyer? My money on the latter...

Chalmers continuing to be a commentator rather than doing his job as treasurer.

Jim couldn’t lay straight in bed. Telling fictitious stories

Bullshit! Start charging these companies royalties instead of letting them extract it for free and service the rest of the world. 85% of OUR gas resources is extracted by two international companies!!! Wakeup Australia our pollies are up to their eyeballs in it.

Hasn’t yet & when does the downward pressure on prices occur

More deluded rubbish. They have no plan behind this knee jerk idea.

Gas is from the devil let’s ban it.

How much downward pressure ? All smoke and mirrors for them

Lol I bet it won’t

Well enlighten me Snake Charmer why has my power bill gone up around 30% since you have been in power. Also remember the savings of $270 we were getting

And upwards pressure to introduce an Apartheid system into Australia

One word.. 'BULL' Politicians wrecked what was a good system. State owned power generation and delivery. Politicians smelt money, and privatised an essential industry. Now we are prisoners to corporate greed. SHAME on them..

Poor Jim, it appears understanding economics is an important part of being treasurer. What will the ACCC? absolutely NOTHING.

We need cheap base loads and manufacturing. Stop buying from ccp.

If you are not professional lier, you are not qualified to join Labor.

Really tell that to new clients trying to get hooked up.

Where’s the hundreds of dollars savings promised. Nows it’s “downward pressure”. Pathetic AlboMP auspol

Than he work up from his dream to night mare

I express my lack of confidence in this government and the prior.

Cause it's always better with government intervention. Not!

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