Bloody Martin Ferguson AM, MP.

Bloody Martin Ferguson AM, MP has no shame - or no understanding:

• The Minister for Resources and Energy, Martin Ferguson AM MP said, “The positive exploration figures are good news and reflect the continued strength of the industry.
• “They are a sign of confidence in our economy and demonstrate the continued interest in Australia for investment.
• “Our natural resources, skilled workforce and balanced policy framework will go on prompting exploration on a vast scale.
• DJW asks: If it is about our skilled workforce, why are we agreeing to import short-term Migrant Workers from Philippines, etc, as slaves to work here???
• The publication also presents summaries of Federal, State and Northern Territory government initiatives which assist the mineral exploration sector.
• Source:

This guy will single-handledly (well, he and the Miners anyway) destroy Australia's rural lifestyle.

The city-dwellers will mostly be OK, as long as they can still get jobs somewhere, or the State can pay them to sit on their arses, and watch TV.

But the Farmers will be driven off their lands, but the Grape-growers in the Hunter, and the Racing Stud Farms will both be OK.
But broad acre farmers are stuffed. CSG mines will strip the water away, or poison the rest.

Who writes this rubbish in the Environment column of the SMH?

Pls read this - there will be a quiz afterwards.

Polar power: vast oil find in Arctic

(SMH website - 24 July 2008)

http://www.smh.com.au/news/environment/polar-power-vast-oil-find-in-arctic/2008/07/24/1216492601519.html

Is it a new oil find?

Sounds like it, doesn't it?

---

"The resources account for about 22 per cent of the undiscovered, technically recoverable resources in the world," the USGS said, meaning the estimated volume is not added to the world's known recoverable resources"

Is that: "NOT ADDED TO THE WORLD'S KNOWN RECOVERABLE RESOURCES "???

or

Is that: "NOW ADDED TO THE WORLD'S KNOWN RECOVERABLE RESOURCES "???

If it is "NOT ADDED", then what is the point of the story? It ain't "new oil".

---

"The majority of the undiscovered 90 billion barrels of crude oil, USGS experts estimate, are lying in Alaska, where 30 billion are hiding, Russia's Barents Basins, East and West Greenland and East Canada."

(These must be the "know unknowns" Donald Rumsfeld told us about).

---

"By comparison, US oil reserves stand at 22 billion barrels, and its production level at 1.6 billion barrels a year. Around the world, proven oil reserves stand at a record 1.24 trillion barrels. Production is stable but consumption, 30 billion barrels a day, is on the rise".

---

If any of this means anything, America has a reserve of 13.75 years worth of production (unlikely in the extreme)

But America's reserves are less than one days worth of international consumption - 17.6 hours worth to be precise.

The "new find" will last 3 days (90 Billion/30 billion consumption per day).

---

Who writes this stuff (or supposedly "edits" it for the Herald, as it is sourced from AFP) ???

Iemma's mad "Power sell off" dream is a fraud.

Iemma's mad "Power Sell-off" dream is a fraud.
Tough words - but truthful.
Morris Iemma has proposed the sale and lease of the NSW Power generation and supply system. Supposedly this will bring about "windfall profits" to the State, which will use that money to provide "gifts" to the people, such as a new rail and road infrastructure. (I am old enough to recall how long the Eastern Suburbs railway was promised - before it was delivered. So, I will not be holding my breath. Anyway, the Government has not "built" new road networks in recent times, but has got the private sector to build them - so will this money actually be used to do what the Government promises? Or will we just end up with more toll roads anyway?) The whole scheme is a confidence trick on the public.

You can read the Sydney Morning Herald report here.

Hang on a minute.
What exactly is he selling, and why?

An obsolete coal-fired power generation system - at the same time as the Bali conference is taking place. And what is Bali telling us? The dangers of coal-fired power stations (amongst other things).

Surely we ought be planning to convert our old technologies to new "climate-friendly" technologies, like wind, solar and wave power.

When these issues have been raised, we have been told that they are unproven, or else too expensive.

So, what is happening? The Government is going to "party" while it can. Sell the gear. And leave us with what, exactly? Obsolete technology. We will end up with something approaching the disastrous state of East Germany's power system, at the time of the collapse of that decrepit State. And then we will be in the hands of the private sector, to build new, efficient power stations - if we can afford to pay the exorbitant prices they will want to charge us.

It is a hand over of sovereignty to the Private Sector, dressed up as a "bonus" to the community. It is a fraud on the public of NSW.

This is equivalent to the way the Government is allowing the destruction of our water harvesting system (the "Catchment") by coal mining companies, leaving the people to buy water from a French-led consortium, running the inefficient De-Sal scheme. Again a hand-over of our sovereignty (as well as being an environmentally disastrous policy).

Surely if there is money to be made, the Government ought be using that money to build new electricity generation equipment which is "green", or at least less environmentally damaging than what we have at present. I understand that gas-fired power stations are considerably less damaging than coal-fired power stations. And what about solar, or wind, or wave power?

The whole scheme is a nonsense - but the Media are getting in on the deal, planning how best to spend the money - without asking the real questions. What will we be left with?

Wake up, Australia (or the people of NSW anyway).

BHP Billiton vs Rio Tinto - it could all backfire.

Careful what you wish for.... BHP Billiton's bid for Rio Tinto might just backfire.

The general public in Australia have been deluded into thinking that the "Big Australian" has bought up Billiton. Wrong. The smaller company did a deal, with the larger company - to pretend that BHP was buying the other company, and would remain "Australian". It is a sham. Now Billiton is calling the tune.

BHP Billiton's new CEO Marius Kloppers (from Billiton) has just announced a breath-takingly bold bid for Rio Tinto.

Have a look at this analysis, as published in the SMH website

"MF Global senior trader Anthony Anderson said BHP Billiton's tilt at Rio Tinto throws the spotlight on the strength of the global commodities boom.

"It reinforces BHP's well documented view that resources are going to be stronger for longer and that India and China are still very much going to create the worldwide demand for it," Mr Anderson told AAP.

"They're ignoring any chance of a recession in the US and just focussing on those two countries really."

That is a scary analysis - BHP Billiton is "ignoring any chance of a recession in the US....." Can that be true?

If so, it is the most stupid move imaginable.

Consider this.

China is moving out of holding US currency, and "bank bills", and US "Subprime" mortgages. It is looking for investments which will not evaporate in front of their eyes. Why not buy up resources which they need - iron ore and coal? China has a resource investment program which is so large, it could simply inhale BHP Billiton.

If BHP Billiton's gamble comes unstuck, because it has ignored the potential recession in the US, then the whole house of cards could collapse, and BHP Billiton, the "so-called" Big Australian, could end up a mid-sized Chinese company.

This might be the most disastrous corporate move of all time.

Don't say I didn't warn you!

If that comes about, then it will not be just the Body Politic which is ill, it will turn out to have been the Body Corporate which is also ill. Sick with greed, hubris and ignorance.

Rudd "strippergate" a complete distraction.

The Kevin Rudd "Strippergate" story is a complete distraction from the real story of this last week. The world economy is in melt-down, and yet all Australian journalist want to talk about is the temperature in Kevin's Jocks. (That post is the worst-taste item I have seen published, so I give you the link, just in case you wish to see how bad Australian journalism can get - The Journo concerned (Jack Marx) apparently got sacked for it - but he should have a future writing "books meant to be read with one-hand" (p*rnography).

Back to the real story - it is not just the American "Sub-Prime" lending market - did you know that the Australian Dollar lost 10 cents in the last week (against the US Dollar)?

Source: http://www.x-rates.com/d/USD/AUD/graph120.html

Nope? Well, that's hardly a surprise. The ABC radio and television has been completely consumed by the Strippergate story. It is a disgrace (their lack of "perspective" I mean.) They have completely missed the real story of the week.

So, Alexander Downer, or whoever did leak the story, has done a huge favour to the Government of Shame. The real story has been buried, in favour of journalistic opinion based upon rumour, based in turn upon sordid memories of journalists and politicians.

Folly of Kevin '03 steals the show from Kevin07 - The Age - 84 related articles »
MPs laugh off strip club visits as Rudd pain continues

(Google search result "Bob Brown" + "Kevin Rudd"). Did you see that - 84 related articles! 84! That proves my theory, I believe.

*****

Meanwhile, remember next time you hear John Howard say that the economy is in great shape - that it is simply a lie. Wrong in fact. Wrong in "understanding" of economic fundamentals. We are skating over very thin ice - in a time of global warming, that's not a good strategy.

Remember also this telling line by Dr Bob Brown: Going to a strip club is nothing compared to sending Australian troops to war, Greens Senator Bob Brown says.
(Reuters | Monday, 20 August 2007)