Petrol in Australia is around $ 6.00 Gallon.
Australia is around 80 % petrol / oil self sufficient. They cap all the new wells found in the outback, we have billions of litres of the stuff.
We have billions of litres of LPG, we just agreed to sell 25 Billion dollars worth to the Chinese, they want to woo us away from the USA.
They actually said that it was pin money to them and that they would like to show us how lucrative it was to deal with them.
apparently we are selling it for next to nothing.
Australia has a free trade agreemant now signed with the USA, one of the final sticking points was Australias drug subsidy scheme, the US Drug companies tried to get the Australian Government, thru the US Government to abolish the decades old scheme...they want to be able to sell life saving drugs in Australia for whatever the market can bare...
We as a country have lost all our protectionism, we are too small to compete with any of the larger populations and are at the mercy of the large countries.
Our government has now indicated that we are to begin negotiating a free trade agreemant with China...we will be dead in the water...
Globalism will change the shape of society as we know it, the next 50 years will see massive shifts in labour markets, balance of Power etc.
Within 5 years Chinas Oil consumption will treble, it is now on par with the USA, part of the major oil shortage world wide has been the massive shift in industrial development in China in the last 5 years alone, where its oil consumption has gone from a modest level to = the USA..
India is also on the same technological / industrial path...
Coal...Australia has vast deposits of Coal, highly prized black coal and the lesser quality lignite or Brown coal..the lake Phillipson region in South Australia encompasses a greater land area than texas and all of it is brown coal...
Australia has reserves of many fuels...all we need to do is prevent countries from invading us to free up the resources for their own needs . >.<
Peter Vasic
Engraving Services Co.
Adelaide, Australia.
engrave@engravingservices.com.au
http://www.engravingservices.com.au |