The Gas Video (Extended Cut)
[Early Access]
Hello Patrons,
Here it is, we've been talking about this video for a while but we're just about ready to put this out now. A verrrrrrrrry long video about the gas/ gas tax debate. Why is it so long? Because Jordan felt like every facet of the topic needed to be covered. We've even got an extra followup video in the works that covers more recent developments too.
We're planning to put this out tomorrow but are still adding/ cutting a few things to it. A few segments will be left on the cutting room floor but we're keen to hear what you patrons think about the video. We hope you enjoy it!
Thank you all for your support,
The FJ Crew!
Comments (93)
Hmmmm it’d be good if this issue was debated with Punters Politics or that peanut lookin fella from the Australian Institute. This is one of the few political issues we are not too lazy to ignore. We just watched INPEX try to weaponise Fair Work to engage in strike-breaking and suppress union wages. They lost. The main sovereign risk at play here is acquiescing to companies that extract collective wealth for private shareholders entirely on their own terms. Capitalists invest in companies, not flags. They'll leave when the gas runs out or the profit does, not over a legislated levy on export volume and value, standard across other resource industries. Times are different from when Rudd was ousted. This Alan Greenspanian hellscape we live in is a product of bad policy. Not convinced we are destined to be a Santos penal colony
I've got a mate, a merchant seaman (try to contain yourselves), who is currently anchoring a new drilling platform offshore somewhere from Western Australia. Is it easy, no I don't think so. He's got 12 chains that are 2.3km long, each chain. Sent me a photo of the chain. It's massive, each link of the chain is 512 kilograms. Yep, seems like these offshore rigs are difficult to operate.
Can we shut punters politics down
Fuck yes Jordies and team. This one was an absolute banger. Made a lot of things clear that I didn't understand.
Oh no. Fazal has been sacked by the ABC.
I have to say, this video is extremely helpful, as an electorate officer, because it touches on the oh so common talking points people try to make in phone calls and emails. You're a life-saver Jordies.
The man
How can we get more involved in spreading this info?
You and the team mustve worked insanely hard on this, great job. I haven't ever fully gotten why they are getting so up in arms over a tax on an emitting industry.
Made In Abyss reference spotted 🥰
This is glorious old school journalism. Follow the money.
Hilariously, 'follow the money' is the name of the financially opaque Australia Institute's podcast
this is gold - and yes a little long.. but worth it.
This is incredible work guys. Whole team is S-Tier
The FJ team has done a few videos on the Australia Institute before, but I feel like this is the first one that clearly explains (to me at least) why they're so critical of them. This is really well made, well done to everyone involved.
Didn’t pop up like fidget spinners 😂
Love your work Jordan. Just wondering if that source for the $21.9 billion in taxes they already pay is a defensible source. Pocock rightly pointed out it's a circular self-reference from AEP that doesn't substantiate that figure in anyway. I can't find the website you're looking at, but all sources I can find for that figure lead back ultimately to AEP's self referencing circle.
Just worried people will criticise you for using that figure once this is on YouTube
Great collective work here FJ Crew/Team! The sovereign risk aspect is something that I personally see as a core aspect that's constantly ignored in this. To my limited perspective and vision, the only reason that we've managed to get the trade deal with Europe sorted recently is due to the absolute spanner that Trump has caused to sovereign risk and US investment and trade. So everyone is scrambling to secure exit strategies and diversify. It really has created an opportunity for Australia to make the most of it and build up business with China, Korea, EU etc. BUT, we'll only be able to maximise the wins if we are genuinely agile, and when things like housing reform and CGT/neg gearing are so strongly attacked, I genuinely fear we may not have the stability and speed of actually getting legislation through to realise the opportunity cost of inaction.
Surprised you didn't bring up Clive Palmer and the UAP's "new deal" which coincidentally includes a 25% gas export tax announced right after the Australia Institute started pushing for it
More gas/fart jokes or sound effects
PATREON PAY DAY TODAY. Jordan we knew you were cooking something but i truly didn't expect you to sheik up scene yet again ;) . But what a necessary burn off we had to have. They had begun to act so cocky recently, with a populist fervour but all lacking the nuance to actually hold up the argument, because they never had one, as jordan makes painfully clear, none all Fugazi. Just Twiggy Marketing Co. Featuring corporates best attempt to create a Jordan clone. Punters politics. cant wait for the next video, please lay into Konrad he is my max chandler
this is all the ammunition we need to start destroying the buzz talking points instagram bots cant help but vomit. but amazing fantastic work as always Jordan & team!
Biggest take away from this was that George bush kissed a Saudi prince
I don't know how else to summarise this video except the TAI are Trots (like the Greens in the words of Keating), and the Trots are puppets of (a faction of) capital (some willingly and others unknowingly because they are too myopic/stupid to realise)
Hate to comment about Konrad since I already know Dropkick and Punt(er’s Politics) is something that people are screeching the team to do (when you don’t want us getting into bum fights). If that is green lit (which I think there’s merit in not doing) please address his response to Whinge Merchants. Reducing people who listen (i.e engage) to politics as those “having a whinge” is revolting. You could undermine any experience of any person through that reasoning. Were women in the Australian sewing and garnment industry from the TCFUA “whinging” because they heard that other women were facing the same injustices? Was the WaveHill walkoff a massive whinge? I’m confident that he undermines because he constantly undermines himself (I don’t deserve to be here) thinking he can avoid scrutiny when he coats everything in government with a malaise. Undermines why the ALP is red.
FK me the Made in Abyss reference doesn't even begin to do this video justice. This is Inception levels of redpills. Just when I thought I already understood this... I was still stuck in the solar system
Trying to write a bit of a copy-pasta that can be used/adjusted/abused/shared around as a slightly quicker way to cover some of the main points of Jordie's arguments for those we know won't watch a 1.5 hour video. Thoughts? My attempt at a "25% gas tax is bad, for dummies" The whole “25% gas tax” thing sounds great on the surface, but once you look at how the industry actually works, it falls apart instantly. It’s a tax on revenue, not profit. The simplest way to think about that is: it’s like taxing a café on every coffee they sell, even if the cost of beans, rent, wages, and electricity means they’re losing money. Revenue isn’t money you get to keep, it’s just the total amount that passes through the till. That’s why no major LNG‑exporting country taxes revenue. These projects cost tens of billions upfront and can take decades to become profitable. A revenue tax would hit them even when they’re still in the red, which makes long‑term investment basically impossible. And even if you wanted to do it, the government can’t just slap on a new tax anyway. Most of our LNG exports are tied up in long‑term contracts that run into the 2030s, and those contracts include stability clauses. Changing the tax settings in a way that harms the supplier would trigger international arbitration and absolutely trash Australia’s reputation as a reliable place to invest. Japan has already warned us about this kind of thing. Once a country gets labelled “sovereign risk”, investment dries up fast. A lot of these contracts were signed in the Howard era, and they weren’t great deals. We locked ourselves into rigid terms and low prices because the government at the time wanted long‑term buyers. That’s a big part of why the gas industry doesn’t pay as much tax as people expect, we’re stuck with the consequences of those old decisions, and we can’t just rewrite the contracts because we feel like it. And here’s the part people forget: Labor has already reformed the PRRT. They tightened the rules, capped deductions, and brought forward billions in extra revenue. Treasury and independent economists all said PRRT reform was the realistic way to increase gas tax revenue, and the government actually did it. A 25% revenue tax isn’t “the solution we’re ignoring”; it’s just not a serious or workable option in the first place. Plus, the ATO has already clawed back tens of billions from multinational tax avoidance over the last decade. That’s real money, not hypothetical modelling, and it’s the kind of enforcement that actually boosts revenue without blowing up contracts or scaring off investment, and doesn't abitrarily target one specific industry. Norway taxes profit, not revenue, and their whole economy is built on oil and gas. Totally different geology, economics, and tax system. The “Japan makes more from our gas than we do” argument is also wrong. Japan isn’t reselling our gas for profit, they’re turning it into electricity and selling that. It’s like saying a bakery makes more from flour than the farmer. They’re selling a different product entirely. Beer excise brings in about $2.5–3 billion a year. Gas brings in well over $10 billion a year once you include PRRT, company tax, and royalties. The meme only works because it cherry‑picks one slice of the gas tax system and pretends the rest doesn’t exist. Australia is transitioning away from gas, but you don’t blow up an industry before the replacement is ready. Gas still stabilises the grid, supports manufacturing, and supplies key allies like Japan. You can’t just kneecap it overnight with a tax that isn’t even legally workable. This 25% revenue tax idea isn’t a real policy. It’s not legally workable under existing contracts, it would damage Australia’s reputation as a reliable supplier, and it would never raise the money people think it would. It’s only being pushed because it’s simple, emotional, and sounds good, so it’s perfect for beating up the government, but it’s not something any serious economist or policymaker would ever implement.
Itchy and Scratchy guy: "So let me get this straight; you want Australia to be an economy run off a highly taxed gas industry AND you want fossil fuel phased out?" Monique Ryan: "And you should get money from Isreal!"
Why do we need to maintain diplomatic relationships? Its not like there will ever be a scenario where we will have to do a quick deal in the unlikely event of oil supplies drying up....
My biggest argument against the Greens is their absolute wasteland of policy on international affairs, defence, trade, and basically anything that passes the border.
Amazing! I always told people, don't trust balled Rhodesian's!!
This was very enlightening, Jordan and team. This was a great watch.
You've been mentioning autism more with each new video. Is there something you're not telling us Jordan?
Too many people say that he is and he leans into it despite not having a diagnosis.
"The Democrats are what it would look like if Labor was forced into a permanent coalition with the teals" 💯
Second part is a masterpiece, probably needs to be a separate video
Fantastic video mate, great work by you and the team. Very interested to see the response from Punters.
Probably just shifting to another target as he usually does. He's never stuck to one issue long enough to defend it. He'll make one or two videos entrenching a defence and then move on with the vineer of 'i won't engage with bullies' or some shit to escape retribution for being a walking class traitor mouthpiece
This is a great watch. With what we all know has existed. We could get more but we are locked in from previous policies. I hope in 100 years time Norway can say why does Australia get so such out of their sovereign wealth fund than us. Does David Pocock look like a doppelgänger of Peter Garrett/Peter Dutton?
'Beer drinkers pay more in tax than you do' that's exactly when I began edging
Hell fuckin yeah.
Only thing I would say on this is that the changes the greens got for to the epbc act were actually pretty good policy, but came from labor’s own internal environmental lobby group - LEAN. LEANs to end exemptions for agricultural use and land clearing in the epbc were packed up and sold to the greens as something they could market to their base as ‘ending native Forrest logging’. Good policy, not fuck nothing amendments as the vid suggest, but not greens policy, LEAN policy
Great video!
Man, I’m stupid for not picking up that shifting the focus from corporate tax to the PRRT is a scummy tactic to move away from corporate tax itself. I diagreed initially on the 25% tax because I read into Ross Garnaut justifications & The Callaghan Report around “smoothing” in order to gain a more consistent return (and that TAI gas tracker is dogshit because it doesn’t accurately reflect what the tax captures year-by-year as gas and oil commodity prices are highly volatile [as they were during the 1980s-1990s] compared to profits because businesses would like their retained earnings to be consistent. Relying on debt for these projects is suicidal). I thought the only sincere argument they had was the “PRRT is the focus, not corporate tax”. What a load of crap.
To this point, it was mentioned in the video that One Nation is inconsistently consistent. I find that hilarious because “the other side” at heart is consistently inconsistent. It also amazes me how involved Ross Garnaut is with the federal changes to environmental policies. He is: 1. An architect of the PRRT (with Anthony Clunies Ross). 2. A key advocate for the ETS (designed by Wayne Swan). 3. A visionary who (with John Gorton of all people) inspired Future Made in Australia. Every economist must be jealous of him. He is the only person I can currently say is at the same level as Paul Keating. One of Keating’s regrets is that he didn’t do more on the environment. Ross Garnaut did.
I can't thank you enough for this Jordies, will be increasing my Patreon donations when I can
I really think there's potential to break this video up and release them as a 3 or 4 part mini series. I think this might work out for a few reasons. 1. It enables people to really easily link people the relevant segment as an 'in'. 2. Probably more ad money, right? 3. Given it's basically all done and polished already, you could do them back to back over a couple days. 4. Allows space for response 5. Keeps it in the consciousness of viewers longer. 6. Helps give space to separate issues. Pocock's lobby ties is a whole video on its own, the Norwegian comparison could be an entire video. You're the pros and I trust your judgement, but I watched this twice today while doing chores around the house to try and contribute actionable feedback and it's hard to wrangle it all in its current form. This is so depressing, and you've had a lot more time to absorb it than a lot of the audience. And if even some of the patrons here are mentioning how hard it is to keep in the dome, it might be worth considering what can be edited out or if it can be broken up.
VHS references in a David Pocock video? It's fitting because his electorate office used to be a Civic Video
I also think you could frontload the video with Labor's successes in these fields. The Mali / SA comparison is good, and i really appreciate the highlight on the hard work being done there. I think those points land hard and resonate well. They're well placed, but the sections specifically outlining our progress to previous 2050 targets with today's successes could be among the first things you get out. I think it would help frame the argument around 'we are succeeding in this bold new direction, don't let these corporate cronies and lobby-babies pull us back to Howard's era of malfeasance.'
In regards to cuts i think you could ditch the entire huffing bit and the coke jokes. It isn't funny enough to offset the time spent on it imo. Overall the video feels unbalanced in this format, with too many bits and gags in the front end and fewer in the rear. I understand that you want to hook people with a few jokes but it really does move into 'punching down at the enemy' territory, and while they deserve it, it does weaken the point and may turn away many who could otherwise be convinced.
Hey Jordies if u wanna be hyper autistic about Tanya Plibersek's post of no new coal mines, you can pull up the record of all environmental approvals throughout 2024 on the epbc public portal website here: https://epbcpublicportal.environment.gov.au/all-referrals/ It's like 28 pages but, just skimming through it, fuck me the amount of wind and solar farms as well as hydro and battery projects approved is genuinely impressive
Just having it scroll behind him at like 15% opacity would be a fun bit.
Like to see if PuntersPolitics is going to LIKE this video once it's on YT... Or will he ignore the channel altogether.
He's likely already planned out the next populist talking point he can find. My bet is on making PT free across all metro regions because it's equally impossible and impractical and would appeal to his acid casualty audience of fuckwits.
This truly is, absolute cinema. Thank you 🙏
The most vocal talking point regarding this topic is the tax discussion (gas companies pay less tax than beer), it takes about 25 minutes to actually get to that part within the video, which might cause onlookers to turn off and think that it's all fluff. Something near the start that is along the lines of "I know you want to get to the tax aspect, I'm going to do it, I just need to give context first" will most likely give them the ability to realize it's actually addressed and not switch off in the first 5 minutes
Absolutely this
I Honestly think you should keep every part of this video in the final. Australia needs to know how utterly vapid the new media bozos on Instagram and TikTok are when they campaign for something as ridiculous and evil as this gas tax. I don’t think they realise how much of a parrot they are to soft power by completely going against their own interests in trying to destroy the only government that’s delivering the green tech utopia they want
actual cinema length cinema
Excellent. Unfortunately it's way to long for most whinge merchants and I'm sure MWM won't respond either which is unfortunate. Will the follow up attack kon-rad?
I fucking hope so. That douche nozzle needs to be taken down a peg. Biggest Ego in the game.
Check-fucking-mate Pocock and co!
I think noting that Pocock's seat was the* most expensive in australian senate history (*fact check me on that) should probably come up here as well to really shut down the 'community' part of his brand.
Perfect content to listen to at work
I resent the fact that you guys used Ballarat in the background of the one nation bit at 27:51
should probably be Albury given recent events lol
Great video
A pee break video. As in I needed one halfway.
Boy oh boy. I'm going to have to watch/listen to this at least a couple more times to ingest it all. After the first watch/listen while meal prepping, the only criticism I have is a nitpick on the pacing. A few too many jokes at the start, but man, what an ending. There was definitely a point where I stopped what I was doing to pay attention. So much so, that I couldn't tell you when that was.
Also, really looking forward to the public release.
This is the best thing I’ve ever seen. Please make this into 50+ reels for TikTok for our short focused millennials
Yep this needs to be clipped ASAP
Brilliant
holy shit its massive
Almost as big as Albo's... mandate...
Haven’t watched yet, but is this really the right play? The government will probably end up doing this, so why shit on it? Unless in this movie there is a comment about it I guess 😂
The play will be current contracts will be untouched and allowed to lapse under the current terms, and any future contracts will be a fairer split of revenue. Everyone whinging about this right now wants it done right now. It whispers to people like the green goblin mask to do this one thing right now to fuck themselves over.
ETA this might the angriest I've ever seen Jordan in a vid. Which is wildly understandable given the video. ETAx2 I really want to know where the cuts are going to be from the extended cut. One of the (using the juice's own term) shitufckery done by the greens was a deal with the coalition that ended up weakening tax transparency in the 20teens: https://www.abc.net.au/news/2015-12-03/coalition-and-greens-strike-deal-on-multi-national-tax-avoidance/6997328
I love it lmao, though I think it'd be really funny if you chopped up a few segments from here and threw them on the short form platforms. Nothing would make me happier than reading those sad whingy comments lmao.
Absolute cinema 🙌🎥 I can't wait for this video to be released and all the whinge merchants watch it entirely and respond to it with refuted, well-researched points and not immediately shit on it
Competent government sounds like an understatement at this point
Honestly? It kinda is. We're outperforming every other english speaking nation, all of the EU, and basically every direct peer we have. There are points where we lose, but not by anywhere near enough to start crowing about how Labor 'ruined australia'. I genuinely think a good followup to this would be an investigation into how so many comments making that point and the ENDLESS (and almost instant after they're posted) comments on any Labor pollie's posts screaming 'Okay but tax the gas' etc. There's such a clear astroturfing campaign going on.
Let's go! Can't wait to watch. I can't believe there is a huge push to essentially tarrif our own industry in a time of uncertain fuel supply
A Friendly Jordies Production Gas Lobby Documentary. Woohoo!!
Let's goooooo. I doubt the morons who push the gas tax agenda from lil tiktoks they see will actually use 10% of their brains to pay attention to this vid but let's hope 🤞
Why you use the video for information to tackle the misinformation
Fuck yeah now something to watch during my creative Industry class
holy crap, almost 2hrs? Can't wait for all the whinge merchants to completely ignore this
They were always going to, but my concern is that a lot of the people who need this for context are brain rotted so hard they won't be able to sit through a feature length documentary of deprogramming.
Oh Jordies is going to get called a shill so hard after this goes public
Call a spade a spade
Fuck yeah a movie at work