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Exactly Moorookamick. Well said.Our politicians and media are...

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dave sss

14,056 Posts.

217

08/08/24

05:26

Post #: 75117927
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Originally posted by moorookamick: ↑

Norway is utilising the profits from its oil & gas
to transition to green and at the same time
bolster its national pension fund.(Oil & Gas
profits go into Norwegians pension fund unlike
ours which is DIY.

Similarily we should be using the proceeds from
our Coal & LNG to finance our green transition ,
particularly our transition to EVs, rather than
crueling the average Aussie working stiff who
can't even afford an EV.

Norway nationalised its oil & gas in 1973 at the same
time as Geoff mooted "buying back the farm" . Of course
we mugs voted out Geoff leaving our IO, Coal & LNG
foreign owned or vastly foreign owned.

How stupid were we then?

And did Norway's & Saudi Arabia's nationalising their
natural resources in 1973 alienate them from the USA: on the
contrary they maintained cordial relations with the USA
and still do!

Had we done a Norway in the early 1970s we would now have
3 times the Sovereign Fund of Norway
ie: over $7.0 Trillion AUD with no need for self funded Super

Were we stupid or were we stupid

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Exactly Moorookamick. Well said.

Our politicians and media are owned by Fossil fuel and mining interests. They serve them and not Australian citizens now
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