Unpacking the gravity of Australia's gas mess

A combination of terrible industrial relations deals and bad government policy mean the states are running out of time to avoid a gas crisis. It will also hit the buyers of New South Wales’ key port assets.

The most underrated risk facing Australia is the looming backlash from the poor management of one of our greatest assets - natural and coal gas. I believe many businesses, investors and governments are still making decisions in ignorance of the risks ahead. I classified the gas mess as the third of Julia Gillard’s seven deadly sins (Seven deadly Gillard sins, April 30), but three events have caused me to return to the potential gas disaster in our country.

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