Renegade Economists Show 502
Energy economist Chris Cook joins to discuss the pressure points within global commodity markets. We discuss the financialisation of oil and gas and the role of middlemen. Australia’s transition to global pricing parity in the gas market has led to the need for a new energy paradigm. Chris describes how a more cost-effective commodity market could evolve.
There was so much more we could have discussed, including Australia’s ridiculously low share of resource rents compared to nations like Qatar. But hey, hopefully you are piecing that together by now.
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