Hi Michaelangelica,
Quote:
Originally Posted by Michaelangelica
We dig it up. the Yanks sell it to China (Chevron Mobile's biggest deal ever from the Gorgon Gas fields). The Chinese Make stuff. Walmart sells the stuff.
Everybody happy? Nobody happy?
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And we get a couple of jobs and the people of Australia get to pay for the accelerated depreciation of the foreign multinationals assets (probably twice if 2x acceleration) and a carbon tax for the entire process to boot.
Add this to the current state of play and we can look forwards to beautiful ETS figures, a massive windfall profit for the Australian government while the dark clouds start building in the north.
Gee, last time pig iron Bob sold iron to the Japanese during the depression and then took the side of the allies in WWII. Is Australia going to be neutral this time because of contractual obligations? Human nature is so predictable and greed at any cost is pathetic.
