Abundance: A Zippy 40 Year Ride On Procedural Liberalism’s Fast Train To Nowhere

Let Me Sum Up

It’s hard to believe your intrepid hosts birthed this little pod into the world a whole three years ago, but here we are! Still readin’ papers, still summing em’ up for YOU, our amazing Summerupperers!

And to mark the occasion, we are celebrating with a triple scoop of gas policy, political philisophy and pod merch madness! That’s right, we’re SHIRTFRONTING the lot of you! After far, far too many ‘Shirtfronting with Frankie’ segments, Team LMSU is delighted to offer our very own a la carte merch menu! T-shirts and tote bags and mugs, oh my! All brought to you via our brand-spanking-new website glow-up at www.letmesumup.net! There is now a one-stop-shop for all your LMSU needs: listen to the pod, leave us a voicemail, support us on Patreon and deck yourself out in LMSU’s finest. Run, don’t walk over to www.letmesumup.net.

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Gas, gas, gas! After Frankie’s extended victory lap post winning the longest-running, slowest-moving merch race around, we talk gas. SO MUCH gas. First, Woodside’s North West Shelf gets the green light to operate until 2070 from incoming Federal Environment Minister Murray Watt. Cue despair from climate advocates and a 600-page consultant report that may or may not be acid rainwashing ancient rock art. But while this decision went Woodside's way, gas market fundamentals may not be so kind; keeping this facility pumping into the 2030s will require opening up the Browse Basin, and there are big question marks over the fundamental economics. There is some great analysis on this if you look for it, not least from IEEFA's Joshua Runciman, which we highly recommend!

Next, a decision from the Victorian Government to approve Viva’s construction of an LNG Import Terminal in Geelong. Magic gas ships? A lesser of three evils? Who woulda thunk it! Stranded assets are so 2022. Lots of complexity to unpack in these decisions, and we have our usual abundance of thoughts!

Our main course

Ever hungry for new feasts of ideas, your intrepid hosts were not content to blow out the candles at this birthday party with a mere paper, oh no! We gifted ourselves an abundance of anecdotes - and maybe a famine of fixes - devouring the infamous book doing the rounds in US liberal politics circles, “Abundance” by Derek Thompson and Ezra Klein. This pro-growth, anti-red tape manifesto has Jim Chalmers calling it a ripper and will clearly be doing the rounds in Australian political circles, but what do your intrepid hosts make of it all? A provocation for a “liberalism that builds”, the challenges in housing, health, energy and infrastructure all feel familiar. For these three policy wonks, we would have really liked a list, not just a lens! Lots to digest, provocations and limitations but ultimately food for Australian thought.

One more things

Our collective One More Thing is a massive thanks to YOU, our delightful Summerupperers! We continue to love doing the pod, getting to spend time with each other and meeting so many of you, out in the world! Our gift to you (and ourselves really, who’s kidding) is the fully operational climate nerd command center that is www.letmesumup.net. Listen to episodes, shop the merch, leave us a voicemail, or just marvel at the fact that we finally have an About page!

And that’s all from us this week Summerupperers! Leave us a voicemail with your hot tips and suggestions for papers, and while you’re at it, grab an LMSU T-shirt, mug or tote at letmesumup.net.