Norway ~ The Clever Country ~ Owning & Managing Their Oil & Gas Bonanza
PART 4 ~ More Damning Evidence About Australian Political, Economic & Bureaucratic Failures ~ Guaranteeing National Catastrophes.
In Part 3, I covered the disastrous sale of our partially State-owned Commonwealth Oil Refineries ~ comparing it to «Killing the Goose that Laid a Golden Egg Every Day.»
Every child knows the moral of this story ~ but our power-broker politicians, masquerading as adults in Parliament, are clearly clueless about strengthening our Nation.
This begs the question ~ are we ruled by an Idiotocracy!
Veteran journalist Chris Uhlmann details another critical reason for national fuel security ~ producing fertilizer for maximum plant and crop growth.
This 6+ minute video below reinforces Chris’s report.
How many Australians in suburbia are even aware of this critical chemical engineering process, thus ensuring nutritional survival for their families.
This Sky News report below provides a credible overview of our current situation.
Below is the official title for Chris Bowen.
Note the priority ~ Climate Change is first ~ Energy is last.
This subtle distinction says it all.
Major Focus = Climate Change, Afterthought = Energy!
Australian Energy Policy is a Train Wreck!
Peta Credlin reports ~ former Liberal Senator & veteran Major General Jim Molan, was one of the most active proponents for Australian Fuel Security.
MAJ GEN Molan passed away in 2023 ~ why are we only hearing «Crickets» from any other senior serving or retired ADF veteran Commander about this train wreck?
Unlike this classic train wreck, our Fuel Security Train Wreck is a dynamic, dangerous and devastating event, with no end in sight.
As Aussie Govt. Leadership Flounders & Bloviates,
Norway Wins Perpetual «Clever-Country-Cup-Carnival»
The Norwegian political party that successfully negotiated their Hydrocarbon Bonanza, beginning in 1969, was a Labour government.
Yet our ALP is a Lame Duck for such progressive planning for Aussies, even 50 years after Norway showed us the Way!
This outstanding analysis by Daniel Bleakley drives the point home ~ Australians are being screwed by Oil and Gas Multinationals! It has been going on for years.
Note the massive difference in Australia govt. revenues, in comparison to Norway ~ $209 Billion ~ Norway: $16 Billion ~ Australia!
Total industry reported expenses ~ Norway = 21% of total revenue.
Total industry reported expenses ~ Australia = 90% of total revenue.
** This is Bullshit Economics ~ Wake Up Australians ~ we are getting fleeced!
Have any of you seen such a National Disgrace in your lives? It does not stop here!
The Australian entity of foreign owned oil and gas giant Chevron was caught engaging in a transfer pricing scheme whereby Chevron’s Australian entity borrowed at an interest rate of 9% from an entity it created in the US state of Delaware called Chevron Funding Corporation (CFC).
CFC was borrowing at just 1.2% while lending at 9% to the Australian entity. Delaware is a known tax haven so this artificially inflated Chevron’s expenses in Australia and transferred profits to the low taxing state of Delaware.
As the graph above shows this practice could be widespread costing the Australian government tens of billions.
Source: michael west media ~ 2023
Recommendation
Read this entire excellent article & share it with those you care for….
Conclusion
If Australians do not see this In-Your-Face-Piracy~&~Plundering of our natural resources, we will soon wake up in a Failed State.
WARNING: Choose your local Parliamentary Member & Party with Care!!
