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Frydenberg has been highly critical of the Victorian government's restrictions on both coal seam and conventional gas exploration, arguing the moratorium is restricting supply, which is pushing up energy prices.
Yet this is achieved in part by restricting supply.
Instead, it guarantees growers like the Fanjuls an inflated price by restricting supply.
Farmers get quota allotments each year, in a program intended to increase prices by restricting supply.
The oil companies developed a complex system for restricting supply to maximise profits.
That is something that experts say the country will be unlikely to jeopardize by restricting supply over the long term.
Similar(18)
On the contrary, the Egyptians are restricting supplies of petrol and energy to Gaza, causing repeated blackouts.
The European Union competition commissioner, Neelie Kroes, insisted that stiff fines should be enough to dissuade executives from fixing prices, restricting supplies and dividing markets in Europe.
The good news is that modern political reality is forcing a reversal of policies restricting supplies.
That also restricts supply.
What if you restricted supply instead?
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