The coming energy crisis in Australia: what it means for oil and gas stocks

There is a clear gas supply shortage in the eastern states of Australia and spot gas prices have reached record levels. Crude oil prices have rebounded and stabilised from the extreme lows of 2015/16 and crash in 2020. This, combined with reductions in operating costs, are expected to result in improved margins for both oil and gas production, creating opportunities for increased exploration and development of oil and gas assets within Australia. Joining us to discuss is John Phillips, managing director of Blue Energy (ASX: BLU), Neil Gibbins managing director of Vintage Energy (ASX: VEN) and the managing director of Triangle Energy (ASX: TEG), Rob Towner.See omnystudio.com/listener for privacy information.