Tuesday, April 22, 2008

Australia's Economic Future Secured!

AUSTRALIA may be sitting on an oil and gas bonanza after winning legal ownership of a slice of undersea territory five times the size of France. (The Age)

Good to know that we can kick off another minerals boom when this one ends, isn't it? We can all relax now - the dire threat of the nanny-state has been put off another few years, thanks to the prospect of more wealth flowing into the economy from all the oil and gas fields we'll find out there. If it comes to it, we'll find a way to pioneer underwater coal extraction too.

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