While the oil and gas industry strongly opposes such intervention – and suspects that manufacturers would similarly oppose such intervention in the market for their products – the Australian Petroleum Production and Exploration Association (APPEA) agrees that the international experience provides useful indicators for Australian energy policy.
According to APPEA Chief Executive David Byers, a quick survey of the international landscape shows that energy policies reflect whether a country has a free market economy, whether its industry is state-owned, and where it ranks globally in regard to economic development.
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