Renegade Economists Show 502

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.

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Show Notes

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.

Related Links

Chris Cook – Caspian Energy at the Crossroads.

Refresh on the themes of this show with this 2012 Guardian piece Chris wrote on Energy pricing: the market is manipulation.

Enron – Smartest Guys in the Room. Look at the ratings they received, then check ahem….. my Real Estate 4 Ransom doco from a few years ago.

Renegade Economists’ Glossary

Here’s the Twitter and watch #LVT, #commons, #rentier.

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