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South Australia: massive oil reserves discovered (Read 36328 times)

longweekend58

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Re: South Australia: massive oil reserves discovered
Reply #120 - Jan 20^th, 2015 at 3:37pm

Dsmithy70 wrote on Jan 20^th, 2015 at 3:31pm:

I took your advice

Quote:

lie1
[lahy]
Spell Syllables
Examples Word Origin
noun
1.
a false statement made with deliberate intent to deceive; an intentional untruth; a falsehood.
Synonyms: prevarication, falsification.
Antonyms: truth.
2.
something intended or serving to convey a false impression; imposture:
His flashy car was a lie that deceived no one.
3.
an inaccurate or false statement; a falsehood.

Number 2 & 3 fit like gloves.

Number 1 yep sorry
No cuts etc
Will the state of the budget be an excuse?

So on & so forth

Let me know when you reach China Wink

Wink

2 and 3 depend on an INTENT to deceive which you have manifestly failed to prove or even suggest.

if you wish to assume evil intent on the part of Abbott or any Liberal pollie as the default position then please don't bother debating anymore. it is more fun skewering Georges' astonishingly stupid statements than playing word games with someone who possesses the intelligence but not the integrity to do so.

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 #121 - Jan 20^th, 2015 at 3:40pm

longweekend58 wrote on Jan 20^th, 2015 at 3:37pm:

2 and 3 depend on an INTENT to deceive which you have manifestly failed to prove or even suggest.

if you wish to assume evil intent on the part of Abbott or any Liberal pollie as the default position then please don't bother debating anymore. it is more fun skewering Georges' astonishingly stupid statements than playing word games with someone who possesses the intelligence but not the integrity to do so.

You mean he didn't intend to cut education and health prior to the election?

Doesn't your argument also mean, for all we know, that gillard didn't intend to lie about the carbon tax? and yet you cried like a little whiny baby for 3 years. To think...

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 #122 - Jan 20^th, 2015 at 3:40pm

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:34pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:31pm:

Dsmithy70 wrote on Jan 20^th, 2015 at 3:26pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:19pm:

I will give you a hint: it doesn't mean TO BE WRONG.

How has Tones been wrong?

He has committed verbally.

Will he commit physically, politically?

He can, but he won't.

To state you will do something, then wilfully avoid doing so is a lie.

But please tell me your story of heartbreak & misunderstanding.

ah so the key to your position is to ASSUME he is doing so wilfully?

then your move to the dark side is complete. Please join up with Pansi and alevine and the utter nutters on the left where no fact or dictionary meaning will ever inconvenience you ever again.

So he is introducing policies that he doesn't really understand the full effect of? That's your argument? Definitely you must think Tony is incompetent! How can he ever try and tell us that his policies are "good policies" when he doesn't even know what possible outcomes they will bring???

seriously? now you are defining 'lie' as mistakes with unforeseen consequences? keep going. I cant wait to hear how else you define a rather obvious word.

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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St George of the Garden

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Re: South Australia: massive oil reserves discovered
Reply #123 - Jan 20^th, 2015 at 3:42pm

longweekend58 wrote on Jan 20^th, 2015 at 3:33pm:

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:29pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:22pm:

John Smith wrote on Jan 20^th, 2015 at 3:06pm:

wow ... longies about to go into meltdown, and they're only exploring .... imagine how he'd react if they actually found anything Cheesy

Cheesy

Cheesy

Cheesy

:

someone had better keep a defibrillator handy Grin

Grin

Grin

then you explain to gullible George how $28B in cash, $80B in a Future Fund and $96B reduction in debt is not a saving. To almost anybody that would be a saving, but not to George-of-the-basement.

should have been $100B in cash, $500B in a sovereign wealth fund, and $96B in reduction in debt.

Too bad we had Howard.

so lets add up George-of-the-basements numbers shall we? Just shy of $700B from his own quoted figure of a $350B boom.

no wonder you failed maths as well as so many other things. You are criticising Howard for not taking the money to the roulette wheel on double-or-nothing.

idiots laugh at you.

Longy longy longy, maths dear boy, maths!

There was $350Bn of boom time revenue, without a MRRT. Imagine if a MRRT had been put in place, we might actually have saved more than $40Bn!

I want Muso as GMod. Bring back Muso!

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sir prince duke alevine

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Re: South Australia: massive oil reserves discovered
Reply #124 - Jan 20^th, 2015 at 3:42pm

longweekend58 wrote on Jan 20^th, 2015 at 3:40pm:

seriously? now you are defining 'lie' as mistakes with unforeseen consequences? keep going. I cant wait to hear how else you define a rather obvious word.

I'm not saying 'lie as mistakes with unforeseen consequences'. I'm saying if you think he didn't lie it must mean he didn't know his "better than good" policies would lead to the consequences. Which means he didn't consult enough, or he didn't do enough research. If that's your suggestion it must mean that you think he is utterly incompetent to be delivering policies he has no idea about the possible outcome of.

« Last Edit: Jan 20^th, 2015 at 3:48pm by sir prince duke alevine »

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 #125 - Jan 20^th, 2015 at 3:43pm

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:36pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:33pm:

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:29pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:22pm:

John Smith wrote on Jan 20^th, 2015 at 3:06pm:

wow ... longies about to go into meltdown, and they're only exploring .... imagine how he'd react if they actually found anything Cheesy

Cheesy

Cheesy

Cheesy

:

someone had better keep a defibrillator handy Grin

Grin

Grin

then you explain to gullible George how $28B in cash, $80B in a Future Fund and $96B reduction in debt is not a saving. To almost anybody that would be a saving, but not to George-of-the-basement.

should have been $100B in cash, $500B in a sovereign wealth fund, and $96B in reduction in debt.

Too bad we had Howard.

so lets add up George-of-the-basements numbers shall we? Just shy of $700B from his own quoted figure of a $350B boom.

no wonder you failed maths as well as so many other things. You are criticising Howard for not taking the money to the roulette wheel on double-or-nothing.

idiots laugh at you.

I'm criticising Howard for taking the winnings and spending all of them on a Ferrari each for the entire family, including members who could afford their own, as opposed to extracting maximum opportunity and investing it for his future generations.

the embarrassment for you is that Labor was so inept you have to go back a decade in time to blame someone else for something you think he could have been doing better despite that someone saving more money than anyone else in history. and as said multiple times, it if was so bad why did labor do ABSOLUTELY nothing about any of it.

because history accords Howard the place as most popular PM and arguably the best. Rudd and Gillard scarcely make the top ten.

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 #126 - Jan 20^th, 2015 at 3:47pm

longweekend58 wrote on Jan 20^th, 2015 at 3:43pm:

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:36pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:33pm:

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:29pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:22pm:

John Smith wrote on Jan 20^th, 2015 at 3:06pm:

wow ... longies about to go into meltdown, and they're only exploring .... imagine how he'd react if they actually found anything Cheesy

Cheesy

Cheesy

Cheesy

:

someone had better keep a defibrillator handy Grin

Grin

Grin

then you explain to gullible George how $28B in cash, $80B in a Future Fund and $96B reduction in debt is not a saving. To almost anybody that would be a saving, but not to George-of-the-basement.

should have been $100B in cash, $500B in a sovereign wealth fund, and $96B in reduction in debt.

Too bad we had Howard.

so lets add up George-of-the-basements numbers shall we? Just shy of $700B from his own quoted figure of a $350B boom.

no wonder you failed maths as well as so many other things. You are criticising Howard for not taking the money to the roulette wheel on double-or-nothing.

idiots laugh at you.

I'm criticising Howard for taking the winnings and spending all of them on a Ferrari each for the entire family, including members who could afford their own, as opposed to extracting maximum opportunity and investing it for his future generations.

the embarrassment for you is that Labor was so inept you have to go back a decade in time to blame someone else for something you think he could have been doing better despite that someone saving more money than anyone else in history. and as said multiple times, it if was so bad why did labor do ABSOLUTELY nothing about any of it.

because history accords Howard the place as most popular PM and arguably the best. Rudd and Gillard scarcely make the top ten.

Labor is incompetent, I don't disagree with you. They tried to do the whole clean up around the sides bullcrap, but never did the big things that need to be done. Just like this idiot is doing the whole "I'll just make a slight modification here, and here " because they are all piss weak no balls pricks. But the fact remains that it's not just me saying a decade on that Howard over-spent the boom. the IMF says it. and our structural problems with the budget say it.

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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St George of the Garden

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Re: South Australia: massive oil reserves discovered
Reply #127 - Jan 20^th, 2015 at 3:58pm

History is already not kind to Howard. His profligate and irresponsible spending, and Petey’s tax cuts, created a structural Budget deficit.

Under Gillard a lot of this spending was cut out the Budget, the private health care rebate indexed, the baby bonus gone and so on. Finally the first reduction in the superannuation rort was made, only to be reversed by Abbott & Hokey.

Lots still more to be done. Weird then that Abbott and Hokey are not tackling any of that.

BTW Longy, here is a bit of maths for you. If you sell $A in assets to pay a $A debt you are no better off, assets and liabilities reduced by the same amount.

When you have absorbed that there is a second lesson for you.

« Last Edit: Jan 20^th, 2015 at 4:05pm by St George of the Garden »

I want Muso as GMod. Bring back Muso!

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longweekend58

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Re: South Australia: massive oil reserves discovered
Reply #128 - Jan 20^th, 2015 at 4:04pm

sir prince duke alevine wrote on Jan 20^th, 2015 at 3:42pm:

longweekend58 wrote on Jan 20^th, 2015 at 3:40pm:

seriously? now you are defining 'lie' as mistakes with unforeseen consequences? keep going. I cant wait to hear how else you define a rather obvious word.

I'm not saying 'lie as mistakes with unforeseen consequences'. I'm saying if you think he didn't lie it must mean he didn't know his "better than good" policies would lead to the consequences. Which means he didn't consult enough, or he didn't do enough research. If that's your suggestion it must mean that you think he is utterly incompetent to be delivering policies he has no idea about the possible outcome of.

so on what planet does any of that amount to lying? Im not saying what you are saying is truth or accurate, but by the contract that is the common usage of terms, he cannot be said to have lied which implies deliberate intent to deceive.

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 #129 - Jan 20^th, 2015 at 4:04pm

St George of the Garden wrote on Jan 20^th, 2015 at 3:58pm:

History is already not kind to Howard. His profligate and irresponsible spending, and Petey’s tax cuts, created a structural Budget deficit.

Under Gillard a lot of this spending was cut out the Budget, the private health care rebate indexed, the baby bonus gone and so on. Finally the first reduction in the superannuation rort was made, only to be reversed by Abbott & Hokey.

Lots still more to be done. Weird then that Abbott and Hokey are not tackling any of that.

BTW Longy, here is a bit of maths for you. If you sell $A in assets to pay a $A debt you are no better off, assets and liabilities reduced by the same amount.

are we talking about the COMM-BANK and QANTAS?

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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perceptions_now

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Re: South Australia: massive oil reserves discovered
Reply #130 - Jan 20^th, 2015 at 4:08pm

longweekend58 wrote on Jan 20^th, 2015 at 11:46am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 11:23am:

longweekend58 wrote on Jan 20^th, 2015 at 11:08am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 11:03am:

longweekend58 wrote on Jan 20^th, 2015 at 9:52am:

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.

it is worth noting that the high taxes Norway imposes has currently rendered their oil industry unprofitable. Oil may be inelastic but that is changing. the massive increases in the quantity of retrievable oil has sent prices down and made it a buyers market. you really CAN tax an oil industry away and we need to keep that in mind.

and yet they have a $700B sovereign wealth fund. Talk all you want, the benefits are staring you right in the face. And all you can do is blabber about how Costello managed to finally pull Howard's fingers away from the coffers just long enough in order to save just a bit of what was possible if not for the lying rodent wasting it all away in order to stay elected.

so what? They have had a highly profitable oil industry and they saved from it. We had a profitable mining industry and we banked $230B from it. Which other govt has created a fund like that? Only Howard.

So, not only did they sit around and just be satisfied with taking corporate taxes from the funds, but you know what they did? Surprise, surprise - they incorporated an OIL TAX. And all the funds went into a SOVEREIGN FUND. Not the corporate taxes - just the OIL TAX. $700 B!!!

We had a MASSIVE boom. Larger than Norway's oil boom. Imagine what we would've pocketed? Oh wait..I forgot - Gina would moved to Somalia had it happened, and we'd have no one mining. Yeah right Grin

Grin

The lying rodent presided over the biggest boom we've ever had, and what did he do? Nothing! It took Costello to save just a small portion of what would've been possible had we not had the biggest economic illiterate as PM.

And All I'm saying is that if we get the oil found in SA, we'd be wise to do the same as Norway, and not just worry about the pittance we'd receive in corporate tax, while international companies pillage the rest.

you persist on pretending that oil is like every other mineral when it clearly is not. it is (or at least was) a super-important commodity in huge demand which was not found in many places and its demand is inelastic - unlike iron ore and coal. if the mining boom had continued, our budget would be $200B better off. If we hadn't had to put up with the rudd/gillard shambles we could have been another $100B-$200B better off. There is another $400B we could have had. but mining IS subject to ebbs and flows and elastic demand.

and as for the 'pittance' in company tax you need to learn that our company tax rate is among the highest in the world.

Australia doesn't have an oil export industry - yet. So we have to work with what we have and to date the ONLY govt to ever save money, especially hundreds of Billions, was Howard. and the biggest spender by far - BY FAR - was Rudd and Gillard.

you need to accept that Howard did a damned fine job which is why you wont find labor criticising him very much. Instead, it is boofheads like you doing it.

Really?

http://www.indexmundi.com/g/r.aspx?c=as&v=95

Rank Country Oil - exports (bbl/day)
39 Australia 312,600

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John Smith

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Re: South Australia: massive oil reserves discovered
Reply #131 - Jan 20^th, 2015 at 4:08pm

longweekend58 wrote on Jan 20^th, 2015 at 3:37pm:

if you wish to assume evil intent on the part of Abbott or any Liberal pollie as the default position then please don't bother debating anymore. it is more fun skewering Georges' astonishingly stupid statements than playing word games with someone who possesses the intelligence but not the integrity to do so.

ahh, aint it funny how the world revolves? ... and how longies definitions, off even the most simple things, twist and turn .... If you replace 'Abbott' with 'Gillard' and 'liberal' with 'labor' you'd be describing yourself longie Cheesy

Cheesy

Cheesy

Cheesy

Cheesy

Cheesy

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

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Dsmithy70

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Re: South Australia: massive oil reserves discovered
Reply #132 - Jan 20^th, 2015 at 4:12pm

longweekend58 wrote on Jan 20^th, 2015 at 3:37pm:

if you wish to assume evil intent on the part of Abbott or any Liberal pollie as the default position then please don't bother debating anymore

I don't assume evil intent of anyone in our parliament regardless of political affiliation.

Although it might be getting close with the asylum seeker issues but both majors are in favour of that little bit of Australiana.

However I am saying Abbott had a publicly unpalatable agenda if office was won.

Had he said what he intended to do on any of his fronts medicare/higher ED/welfare, he may not have lost but the victory would have been far less infactic.

Abbott would have won the last election by doing a Bill Shorten, he didn't need to even mention other than in the broadest terms his policy agenda.
He could have just said to any question of cuts or reform, "we'll just have to wait & see"

Abbott wilfully chose to lie to Australia's voting public.

REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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St George of the Garden

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Re: South Australia: massive oil reserves discovered
Reply #133 - Jan 20^th, 2015 at 4:12pm

longweekend58 wrote on Jan 20^th, 2015 at 4:04pm:

St George of the Garden wrote on Jan 20^th, 2015 at 3:58pm:

History is already not kind to Howard. His profligate and irresponsible spending, and Petey’s tax cuts, created a structural Budget deficit.

Under Gillard a lot of this spending was cut out the Budget, the private health care rebate indexed, the baby bonus gone and so on. Finally the first reduction in the superannuation rort was made, only to be reversed by Abbott & Hokey.

Lots still more to be done. Weird then that Abbott and Hokey are not tackling any of that.

BTW Longy, here is a bit of maths for you. If you sell $A in assets to pay a $A debt you are no better off, assets and liabilities reduced by the same amount.

are we talking about the COMM-BANK and QANTAS?

We are talking about the most profligate PM we have ever had.

You said he saved $230Bn. I am pointing out that the $96Bn component of this mythical $230Bn is not a saving.

You do agree selling assets to pay liabilities leaves you no better off? Hmmm? No more attempted deflections please.

I want Muso as GMod. Bring back Muso!

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perceptions_now

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Re: South Australia: massive oil reserves discovered
Reply #134 - Jan 20^th, 2015 at 4:14pm

longweekend58 wrote on Jan 20^th, 2015 at 2:30pm:

perceptions_now wrote on Jan 20^th, 2015 at 1:05pm:

longweekend58 wrote on Jan 20^th, 2015 at 11:46am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 11:23am:

longweekend58 wrote on Jan 20^th, 2015 at 11:08am:

sir prince duke alevine wrote on Jan 20^th, 2015 at 11:03am:

longweekend58 wrote on Jan 20^th, 2015 at 9:52am:

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.

it is worth noting that the high taxes Norway imposes has currently rendered their oil industry unprofitable. Oil may be inelastic but that is changing. the massive increases in the quantity of retrievable oil has sent prices down and made it a buyers market. you really CAN tax an oil industry away and we need to keep that in mind.

and yet they have a $700B sovereign wealth fund. Talk all you want, the benefits are staring you right in the face. And all you can do is blabber about how Costello managed to finally pull Howard's fingers away from the coffers just long enough in order to save just a bit of what was possible if not for the lying rodent wasting it all away in order to stay elected.

so what? They have had a highly profitable oil industry and they saved from it. We had a profitable mining industry and we banked $230B from it. Which other govt has created a fund like that? Only Howard.

So, not only did they sit around and just be satisfied with taking corporate taxes from the funds, but you know what they did? Surprise, surprise - they incorporated an OIL TAX. And all the funds went into a SOVEREIGN FUND. Not the corporate taxes - just the OIL TAX. $700 B!!!

We had a MASSIVE boom. Larger than Norway's oil boom. Imagine what we would've pocketed? Oh wait..I forgot - Gina would moved to Somalia had it happened, and we'd have no one mining. Yeah right Grin

Grin

The lying rodent presided over the biggest boom we've ever had, and what did he do? Nothing! It took Costello to save just a small portion of what would've been possible had we not had the biggest economic illiterate as PM.

And All I'm saying is that if we get the oil found in SA, we'd be wise to do the same as Norway, and not just worry about the pittance we'd receive in corporate tax, while international companies pillage the rest.

you persist on pretending that oil is like every other mineral when it clearly is not. it is (or at least was) a super-important commodity in huge demand which was not found in many places and its demand is inelastic - unlike iron ore and coal. if the mining boom had continued, our budget would be $200B better off. If we hadn't had to put up with the rudd/gillard shambles we could have been another $100B-$200B better off. There is another $400B we could have had. but mining IS subject to ebbs and flows and elastic demand.

and as for the 'pittance' in company tax you need to learn that our company tax rate is among the highest in the world.

Australia doesn't have an oil export industry - yet. So we have to work with what we have and to date the ONLY govt to ever save money, especially hundreds of Billions, was Howard. and the biggest spender by far - BY FAR - was Rudd and Gillard.

you need to accept that Howard did a damned fine job which is why you wont find labor criticising him very much. Instead, it is boofheads like you doing it.

So Longy, do you think the $1 Trillion that Norway have now generated, via its taxing Oil, is a pittance?

And, WHAT SHOULD OZ HAVE GENERATED, BY PROPERLY TAXING ITS FULL RANGE OF NATURAL RESOURCES???

we are all just waiting for you to tell us about Peak Oil and how there wont be any left by 2000.

So, I'll take that non answer as an admission that OZ should have accumulated $1 trillion, $2 trillion, $3 trillion OR MORE???

AND, what sort of position should that have now put us in???

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