If you read the article, most of the decline in gas consumption in Australia is from changes in industrial usage. Residential demand is only down by 6% and part of that is likely due to the effective ban on gas in new residential construction which started in 2023 in Victoria. Prior to 2023 residential gas usage was increasing.

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0xWTF 3 hours ago | parent | next [-]

A 50% price decline doesn't imply there's 50% less demand for petroleum. If 6% less demand is all the margin consumers need to get their supply, then price can drop quickly. It's all in the margins.

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password4321 an hour ago | parent [-]

What is the best way to learn more about this, are there any examples? This seems a bit counterintuitive to me.

	▲	Waterluvian 33 minutes ago \| parent [-]
		Not fully sure this is that, but it reminds me of something an American friend explained about their business under the Trump regime (as a rant about how laypeople were deeply under-reacting to the tourism decline): If it takes 100 tourists to pay his bills, taxes, staffing, and other expenses for the day, the next 5 tourists represent the profit. A tourism decline of 10% doesn’t mean 10% less profit, it means the catastrophic inviability of the whole business as it’s currently structured.

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Symbiote 3 hours ago | parent | prev | next [-]

It would be useful to know if the industrial use is factories replacing their use with other sources (e.g. I have read that food manufacture is switching to electricity in Denmark, although it can be held up waiting for a grid connection if there's a data centre ahead of it).

Or, did they improve their efficiency.

Or, have they closed.

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hinkley 2 hours ago | parent [-]

Or outsourced their pollution to a foreign supplier.

	▲	hdgvhicv 34 minutes ago \| parent [-]
		Carbon taxes collapse as they don’t account for imports correctly.

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AnotherGoodName 3 hours ago | parent | prev | next [-]

It has a whole section on the impact of power policy though and 15% of power mix to 7% for gas is significant. Coals fall is notable too.

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testing22321 3 hours ago | parent | prev [-]

Australia never had much residential gas usage. Mr he very vast majority of residential homes don’t even have gas. No need for a furnace.

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dalyons 2 hours ago | parent [-]

Pretty much every house in Victoria had gas, and gas furnaces, winter is cold enough

	▲	testing22321 35 minutes ago \| parent [-]
		I grew up in Victoria in a town of 20,000. Not a single house has gas.