Australia Natural Gas Export Overbuild Is Collapsing

first_imgAustralia Natural Gas Export Overbuild Is Collapsing FacebookTwitterLinkedInEmailPrint分享The Guardian:Australia’s natural gas export boom, which is causing soaring gas prices and pushing up carbon emissions, appears to be rapidly shedding value.Santos wiped more than $1bn off the value of its liquefied natural gas plant in Queensland on Tuesday, just a week after Origin announced a similar devaluation.The devaluations were predicted by commentators, who pointed out previous devaluations of the projects relied on overly-optimistic forecasts.The Santos share price dipped a further 2.39% on Tuesday morning after a drop of more than 85% since its peak in 2008.“This industry has torn up its shareholders’ wealth and now it’s tearing up the nation’s wealth,” said Bruce Robertson from the pro-renewables Institute for Energy Economics and Financial Analysis.On Tuesday Santos announced it was expecting to wipe more than A$1bn off the value of its GLNG plant on Curtis Island in Queensland.Just last week Origin announced a post-tax $815m devaluation of its APLNG facility on Curtis Island – a figure that implies more than a billion-dollar devaluation before tax.Along with another facility on Curtis Island owned by Shell, the three plants are responsible for Australia’s LNG export boom, which has been vacuuming Australia’s gas and caused domestic prices to skyrocket.Each plant has been shedding value since construction began. Shell’s plant was US$7bn over budget, and then suffered a $5.4bn pre-tax devaluation in 2015. Between Santos and Origin, the two plants have now been devalued by about $6bn.More: Australia’s gas export industry sheds value while tightening local supplylast_img read more

Today’s MLB Picks: Betting odds, Vegas totals, expert gambling advice for Friday, June 7

first_imgFriday’s MLB slate is one of the most loaded that we have seen this season in terms of value, as the the BetQL models are listing five games with three-star value bets on the money line and another four games as at least 2.5-star run line bets.We have swung and missed on the Twins twice already this week, but we will be targeting them one more as road favorites against the Tigers. Minnesota has been the most profitable team to bet on in all of baseball this season, and it is yet again undervalued. The other game that we are going to target is the Yankees against the run line as they travel to Cleveland to kick off a weekend series with the Indians, who finally look to be turning things around after a slow start. German leads the AL in wins along with Justin Verlander and has a decent ERA of 3.66. The Yankees have been great on the road this season, including a record of 8-4 over their past 12 games away from home. You can certainly look to take the Yankees on the money line at -130, but the BetQL models see more value taking them -1.5 at +130.BetQL Pick: New York Yankees Run Line (+130)Check out BetQL Mobile App’s Trending Picks and Public Betting tool before making all your bets, and follow me on Twitter (@DFSBenj) for even more NFL, NBA, MLB and PGA daily fantasy and sports betting content. Watch ChangeUp, a new MLB live whip-around show on DAZNBefore we get into Friday’s picks, remember that plenty of strategy goes into putting together a winning ticket, and the best place to start is the BetQL Mobile App. Our Trending Picks and Public Betting tools are a massive advantage when you’re making bets, regardless of bankroll size. For more gambling and MLB DFS advice, follow me on Twitter (@DFSBenj).MORE ROTOQL: DFS Lineup BuilderMLB Picks: Odds, betting trends for Friday, June 7** All lines are subject to change. The best way to stay up to date on the current lines is to become a BetQL subscriber.Minnesota Twins at Detroit TigersStarting Pitchers: TBA vs. Matthew BoydMoney Line: MIN -140, DET +120Run Line: MIN -1.5 (+115),  DET +1.5 (-135)Total: O/U 8.5 RunsBy now, you know how much I love betting on the Twins, and despite dropping two of three in their last series to the Indians, they still remain the most profitable team on which to bet. Minnesota will head on the road to face the Tigers tonight as -140 favorites. Going on the road hasn’t been a hindrance to Minnesota at all this season, as it leads the league in road wins with 21 and has the second-highest road winning percentage at 65 percent, trailing only the Rays.The Twins have not announced a starting pitcher for tonight and there is a good chance that they use tonight as a bullpen day with no pitcher throwing more than a few innings. Detroit will likely have the advantage either way with Matthew Boyd on the mound, but this Twins team is substantially better in all other facets of the game. The BetQL models have handicapped this game at MIN -205, and it listed as the joint-highest rated value bet of the slate.BetQL Picks: Minnesota Twins Money Line (-140)MORE FRIDAY MLB: DFS picks | SP rankingsNew York Yankees at Cleveland IndiansStarting Pitchers: Domingo German vs. Zach PlesacMoney Line: NYY -130, CLE +110Run Line: NYY -1.5 (+130), CLE +1.5 (-150)Total: O/U 9 RunsThe Indians have to be one of the most disappointing teams in the league this season, as their record is only a mediocre 31-31 through 62 games. Their offense got off to an abysmal start, but it has started to turn it around over the past few weeks mostly due to the hot bat of Francisco Lindor. With that being said, they are at a mismatch tonight in a matchup with the Yankees, who will be starting Domingo German.last_img read more