Fix our oil imports

  1. 21,816 Posts.
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    Our increasing importation of oil & petroleum products is creating an ongoing  balance of trade  problem and the Federal Government should set up a National Oil Commission to fund and direct oil exploration seperate from the
    multinational oil companies with the proceeds later being invested in a national energy wealth fund.
    We are pussyfooting around with the Northern Australia Fund when this capital can be better employed in
    oil exploration and development thereby minimising our reliance in imported oil.

    We cant rely on multinational oil companies doing the job for us when they can make easier money importing
    oil & petroleum products in ever increasing volumes which facilitates them to minimise Aussie corporate tax
    via dodgey price transfer strategies.

    http://crudeoilpeak.info/australian-graphs


    MM
 
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