Australian Politics Forum - South Australia: massive oil reserves discovered

Swagman

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Re: South Australia: massive oil reserves discovered
Reply #30 - Jan 19^th, 2015 at 8:58pm

John Smith wrote on Jan 19^th, 2015 at 8:47pm:

Swagman wrote on Jan 19^th, 2015 at 8:44pm:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

The Norwegians get lots of trickle down.

the norweigns didn't give the oil to multinationals Cheesy

...and 'nor' do we

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John Smith

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Re: South Australia: massive oil reserves discovered
Reply #31 - Jan 19^th, 2015 at 9:33pm

Swagman wrote on Jan 19^th, 2015 at 8:58pm:

John Smith wrote on Jan 19^th, 2015 at 8:47pm:

Swagman wrote on Jan 19^th, 2015 at 8:44pm:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

The Norwegians get lots of trickle down.

the norweigns didn't give the oil to multinationals Cheesy

...and 'nor' do we

sure we do ... we pay them to take our minerals then ask them to, if they feel like it, pay us some tax in return

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Sir Grappler Truth Teller OAM

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Re: South Australia: massive oil reserves discovered
Reply #32 - Jan 20^th, 2015 at 4:11am

http://www.adelaidenow.com.au/news/south-australia/promise-of-oil-thousands-of-j...

That's better.....

Nonsense! It says PROMISE of oil....

"Mr Goldstein said the bight was the largest relatively unexplored area in the world and that resource companies were attracted by the potential for “giant petroleum accumulations”."

All hot air and gas..... let's wait until it's in before we run around calling out that the seabed is rising oil......

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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longweekend58

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Re: South Australia: massive oil reserves discovered
Reply #33 - Jan 20^th, 2015 at 8:03am

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

You mean like the $104B sovereign wealth fund we have now courtesy of John Howard? I agree that much of the massive royalties from this should go to a sovereign wealth fund. I wonder if WA will be pushing for their GST reform if this all comes to fruition in the next 5 years?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: South Australia: massive oil reserves discovered
Reply #34 - Jan 20^th, 2015 at 8:06am

John Smith wrote on Jan 19^th, 2015 at 9:33pm:

Swagman wrote on Jan 19^th, 2015 at 8:58pm:

John Smith wrote on Jan 19^th, 2015 at 8:47pm:

Swagman wrote on Jan 19^th, 2015 at 8:44pm:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

The Norwegians get lots of trickle down.

the norweigns didn't give the oil to multinationals Cheesy

...and 'nor' do we

sure we do ... we pay them to take our minerals then ask them to, if they feel like it, pay us some tax in return

so that's what the $20Bpa in royalties paid to the states are for in addition to the massive tax they pay on profits?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Swagman

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Re: South Australia: massive oil reserves discovered
Reply #35 - Jan 20^th, 2015 at 8:09am

John Smith wrote on Jan 19^th, 2015 at 9:33pm:

Swagman wrote on Jan 19^th, 2015 at 8:58pm:

John Smith wrote on Jan 19^th, 2015 at 8:47pm:

Swagman wrote on Jan 19^th, 2015 at 8:44pm:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

The Norwegians get lots of trickle down.

the norweigns didn't give the oil to multinationals Cheesy

...and 'nor' do we

sure we do ... we pay them to take our minerals then ask them to, if they feel like it, pay us some tax in return

Read up a bit on Bass Straight oil Johnny and how beneficial it has been to the Australian economy.

Lefties hate corporates but once all the risk has been taken and the rewards flood in they fall over themselves to scam in the profits

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sir prince duke alevine

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Re: South Australia: massive oil reserves discovered
Reply #36 - Jan 20^th, 2015 at 8:12am

longweekend58 wrote on Jan 20^th, 2015 at 8:06am:

John Smith wrote on Jan 19^th, 2015 at 9:33pm:

Swagman wrote on Jan 19^th, 2015 at 8:58pm:

John Smith wrote on Jan 19^th, 2015 at 8:47pm:

Swagman wrote on Jan 19^th, 2015 at 8:44pm:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

The Norwegians get lots of trickle down.

the norweigns didn't give the oil to multinationals Cheesy

...and 'nor' do we

sure we do ... we pay them to take our minerals then ask them to, if they feel like it, pay us some tax in return

so that's what the $20Bpa in royalties paid to the states are for in addition to the massive tax they pay on profits?

Who has the largest sovereign fund in the world again? Why?

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sir prince duke alevine

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Re: South Australia: massive oil reserves discovered
Reply #37 - Jan 20^th, 2015 at 8:13am

longweekend58 wrote on Jan 20^th, 2015 at 8:03am:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

You mean like the $104B sovereign wealth fund we have now courtesy of John Howard? I agree that much of the massive royalties from this should go to a sovereign wealth fund. I wonder if WA will be pushing for their GST reform if this all comes to fruition in the next 5 years?

You mean he didn't squander it all? Ohhhh, how nice. A little left from the billions he gave away for no outcome.

A great leader indeed Grin

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Disclaimer for Mothra per POST so it is forever acknowledged: Saying 'Islam' or 'Muslims' doesn't mean ALL muslims. This does not target individual muslims who's opinion I am not aware of.

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longweekend58

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Re: South Australia: massive oil reserves discovered
Reply #38 - Jan 20^th, 2015 at 8:18am

sir prince duke alevine wrote on Jan 20^th, 2015 at 8:13am:

longweekend58 wrote on Jan 20^th, 2015 at 8:03am:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

You mean like the $104B sovereign wealth fund we have now courtesy of John Howard? I agree that much of the massive royalties from this should go to a sovereign wealth fund. I wonder if WA will be pushing for their GST reform if this all comes to fruition in the next 5 years?

You mean he didn't squander it all? Ohhhh, how nice. A little left from the billions he gave away for no outcome.

A great leader indeed Grin

it formed part of the $230B that Howard saved. Now can you recall any other government saving at all, nevermind a quarter of a trillion dollars??

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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sir prince duke alevine

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Re: South Australia: massive oil reserves discovered
Reply #39 - Jan 20^th, 2015 at 8:20am

longweekend58 wrote on Jan 20^th, 2015 at 8:18am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 8:13am:

longweekend58 wrote on Jan 20^th, 2015 at 8:03am:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

You mean like the $104B sovereign wealth fund we have now courtesy of John Howard? I agree that much of the massive royalties from this should go to a sovereign wealth fund. I wonder if WA will be pushing for their GST reform if this all comes to fruition in the next 5 years?

You mean he didn't squander it all? Ohhhh, how nice. A little left from the billions he gave away for no outcome.

A great leader indeed Grin

it formed part of the $230B that Howard saved. Now can you recall any other government saving at all, nevermind a quarter of a trillion dollars??

As you've said, it was our "greatest economic period" which Keating created.

Who else had such marvelous conditions? Fact is, for what he saved, he also squandered half of it via stupendous policies with no net benefit to this country.

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Disclaimer for Mothra per POST so it is forever acknowledged: Saying 'Islam' or 'Muslims' doesn't mean ALL muslims. This does not target individual muslims who's opinion I am not aware of.

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Swagman

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Re: South Australia: massive oil reserves discovered
Reply #40 - Jan 20^th, 2015 at 8:22am

sir prince duke alevine wrote on Jan 20^th, 2015 at 8:12am:

Who has the largest sovereign fund in the world again? Why?

Oil is a totally different commodity to iron ore and coal. It's highly inelastic demand and scarcity means that exorbitant super profit taxes do not scare away capital investment.

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Sir Grappler Truth Teller OAM

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Re: South Australia: massive oil reserves discovered
Reply #41 - Jan 20^th, 2015 at 8:25am

longweekend58 wrote on Jan 20^th, 2015 at 8:18am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 8:13am:

longweekend58 wrote on Jan 20^th, 2015 at 8:03am:

sir prince duke alevine wrote on Jan 19^th, 2015 at 8:41pm:

What needs to happen today is for nonstop documentaries about Norway being aired on South Australian tvs, showing how to really benefit from oil.

Or they can take the small trickle down approach swampie is suggesting.

You mean like the $104B sovereign wealth fund we have now courtesy of John Howard? I agree that much of the massive royalties from this should go to a sovereign wealth fund. I wonder if WA will be pushing for their GST reform if this all comes to fruition in the next 5 years?

You mean he didn't squander it all? Ohhhh, how nice. A little left from the billions he gave away for no outcome.

A great leader indeed Grin

it formed part of the $230B that Howard saved. Now can you recall any other government saving at all, nevermind a quarter of a trillion dollars??

You continue to mistake budget guesswork for the future and cooked books for solid cash in the bank.

Even at the alleged rate that 'Labor spent' - they could not dispose of $230bn in ready cash in such a short time and then run up huge losses - oh, sorry - that's budget deficits....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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sir prince duke alevine

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Re: South Australia: massive oil reserves discovered
Reply #42 - Jan 20^th, 2015 at 8:29am

Swagman wrote on Jan 20^th, 2015 at 8:22am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 8:12am:

Who has the largest sovereign fund in the world again? Why?

Oil is a totally different commodity to iron ore and coal. It's highly inelastic demand and scarcity means that exorbitant super profit taxes do not scare away capital investment.

So you agree we shouldn't hand it all over to the conglomerates and maximise the hell out of it? Ooh yay swampie no longer believes in trickle down!!

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Disclaimer for Mothra per POST so it is forever acknowledged: Saying 'Islam' or 'Muslims' doesn't mean ALL muslims. This does not target individual muslims who's opinion I am not aware of.

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Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: South Australia: massive oil reserves discovered Reply #43 - Jan 20^th, 2015 at 8:29am Truebeliever Govt's and their supporters are just like 18 year old blonde bimbos with their first credit cards Longie. Debt? What debt? Savings? W T F is that? Who cares? Someone else will pay
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St George of the Garden

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Re: South Australia: massive oil reserves discovered
Reply #44 - Jan 20^th, 2015 at 8:30am

The Fatuous Fund will just about cover the cost of correcting the mistake Lil Johhnie made selling Telstra as retail–wholesale monopoly. The structural Budget deficit made a cash deficit by the GFC more than covers whatever tiny savings Howard may have made.

A spendthrift is what Howard was as Treasurer and PM.

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