@TMFScottP @Notyettrending1 @grok what would be the cost comparison of having sufficient fuel production on shore as opposed to having a 90 day fuel stockpile, including storage tanks, safety and security costs
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Adam Boland
2K posts
@betterfuture73 @Notyettrending1 Is it grossly overstated? Where's the data?
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With the fuel crisis front and centre, I'm pushing this again.
We learned *nothing* from COVID.
We should have had redundancy in the system, in the form of stockpiles.
We have been badly let down by the last government, and by this one.
Scott Phillips@TMFScottP
This aged well for me... and atrociously for Australia. We learned a lot from COVID... and did nothing with those lessons. Hard to turn on a dime, but we *can* start planning *now* for the next time something like this happens. Just need some policy interest from our pollies.
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@TMFScottP @Notyettrending1 That’s all fine if you can guarantee supply from overseas. If you can’t, it’s a stupid argument. Without Diesel, society gets dystopian very quickly. A serious Country needs to be able to produce critical items such as fuel regardless of the cost, which is grossly overstated
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@betterfuture73 @Notyettrending1 I'm happy to look at the numbers, but I doubt the interest cost of a stockpile is even a small fraction of propping up uncompetitive supply and refinement.
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@Notyettrending1 @TMFScottP We wouldn’t need a stockpile if we could produce it. The cost of a stockpile would be quite high and could be put towards production and refining. Imagine being able to be able to be self sufficient and export at a time like this?
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@TMFScottP @betterfuture73 It’s the easiest thing to stockpile too. Store the refined products (diesel, gasoline, jet A) not crude. Multiple tank farms around the country. It’s criminally short sighted for the gov to not have done this.
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@TMFScottP At what cost survival? In any case, I suspect that our critical infrastructure was degraded for a fanciful ideology. Water, Food & Fuel need to be produced in country regardless of cost.
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@TMFScottP Firstly, I’m not calling for a taxpayer funded industry. Not having Diesel is an existential threat. If we can’t grow or transport food, we’re done. Stockpiles run out! Long term solutions are required
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@betterfuture73 We don't need the taxpayer-subsidised industries.
We just needed a stockpile.
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@TMFScottP It should be done with some kind of rationing. It’s unfair that the lowest income earners can’t afford to go to work. The real question is, what are we going to do about producing our own oil and refining it?
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This is a nonsense.
Discounting a supply-constrained good is economic madness and will only make supply more precarious.
Angus Taylor MP@AngusTaylorMP
While families are being smashed at the bowser, Labor’s answer is “buy an EV” instead of backing immediate relief in slashing the fuel excise. 26c a litre isn’t everything, but it’s a start and we’ll keep pushing to make sure you pay less.
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@TheKouk Any comments closer to home? NDIS fraud, hollowing out key industries, bloated public service? Obviously none of those things have any effect on the Australian economy
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Trump's vandalism of the global economy continues to go very well.
Oil US$114.80 (Brent); bond yields spiking towards fresh cyclical highs, stocks getting smashed, confidence destroyed.
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@TMFScottP @_x_racer_x_ Absolutely not. I criticise plenty, however people generally get the Government that they deserve
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@betterfuture73 @_x_racer_x_ Are you really saying you're not going to criticise any actions of the government because they were democratically elected? :)
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If you'll excuse me, I'm off make my fortune.
Today, I'm going to buy a failing, capital-intensive manufacturing business in a regional area, employing a few hundred people.
Tomorrow, I have a meeting with the State and Federal ministers for a billion dollar handout.
Straya!
Scott Phillips@TMFScottP
Another day, *yet another* $2 billion for the private sector. This time Rio's aluminium smelter in Queensland. The federal government is fast becoming one of the most irresponsible users of taxpayers' money in my lifetime... and that's saying something.
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@TMFScottP What about a Fuel Refinery and Oil Production Business?
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Can you imagine this lot (and the last lot), in decades past?
We'd still have a blacksmith industry, a cooperage industry, a buggy-whip industry, a stump-jump plough subsidy, we'd still be making clothes and cars and Rank Arena televisions.
...and low living standards to match!
Scott Phillips@TMFScottP
Another day, *yet another* $2 billion for the private sector. This time Rio's aluminium smelter in Queensland. The federal government is fast becoming one of the most irresponsible users of taxpayers' money in my lifetime... and that's saying something.
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@TMFScottP Business- Half of my workforce has been offered cushy jobs in the NDIS, Public Service or loaded Public Infrastructure projects and I can no longer compete
Govt- We are not going to stop doing any of those things so we subsidise critical industries that we have made unviable
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Business: "Minister, my business is failing. I can't or won't raise equity. And I can't or won't take a loan on commercial terms"
Minister: "Well, we can't have that! My friend the taxpayer will happily fund your failing venture and/or give you a better deal than the banks!"
Scott Phillips@TMFScottP
@coasthealthhub A stake. If no-one else will provide them with a loan, the Australian government (taxpayer!) shouldn't be taking that risk, IMO.
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@TMFScottP @coasthealthhub Was a similar discussion held prior to the brain surgeon’s that argued the offshoring our fuel refineries was a good idea?
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@coasthealthhub A stake.
If no-one else will provide them with a loan, the Australian government (taxpayer!) shouldn't be taking that risk, IMO.
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This so infuriating! The government should either make it a loan or take a stake in the business.
Scott Phillips@TMFScottP
Another day, *yet another* $2 billion for the private sector. This time Rio's aluminium smelter in Queensland. The federal government is fast becoming one of the most irresponsible users of taxpayers' money in my lifetime... and that's saying something.
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@TMFScottP @_x_racer_x_ Yes it does. If the tax payer is stupid enough to vote for policies that cause these industries to fail, then the effect is that we have to pay
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@_x_racer_x_ All good questions, though a touch rhetorical? ;)
Maybe some, most or all of the above.
Doesn't mean the taxpayer should be on the hook though.
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@TMFScottP When they throw money at rorts, stupid programs and wasteful spending, it damages viable industries and they are forced to bail everyone out
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Another day, *yet another* $2 billion for the private sector.
This time Rio's aluminium smelter in Queensland.
The federal government is fast becoming one of the most irresponsible users of taxpayers' money in my lifetime... and that's saying something.
Scott Phillips@TMFScottP
More taxpayers' money funneled to private businesses. At least this is a loan (assuming it's repaid, and not forgiven!), but it stinks. Tomago gets a free ride on the taxpayers' dime.
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@bowtiedstocks @SilkOCE What’s worse is that you have believed negativity and bought nothing in the last 10 years and think you’re smarter than everyone else when the market has made you it’s bitch. Then it drops 20% and you think you’re smart when you opt out and leave 140% on the table
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@SilkOCE I reckon once you’ve bought an you’re staring down that monster mortgage, rising rates and a high probability of negative equity would actually be many times worse
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@rationalaussie For starters, it’s a 4 year apprenticeship, with a mix of in class and on site training. Electrical is such a wide field. Many freshly minted tradesmen, still aren’t ready. The industry continues to evolve. It’s a life long learning process.
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The bigger question here - and the real problem - is why does it take 5 years to become an electrician?
You're seriously gonna tell me the smartest white collar workers (soon to be unemployed) are effectively prohibited from getting employed as a lucrative tradesperson during the final period where human employment even matters, because of regulations?
It's insane.
A smart person could turbo charge this in 6 months.
The West needs fast-track trades programs.
Jason Shuman@JasonrShuman
The US needs 500,000 new electricians this decade. Apprenticeships take 5 years. Microsoft’s Brad Smith says it’s the #1 thing slowing data center expansion. The AI bottleneck isn’t chips. It’s the trades.
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@Pro__Trading It was before the bombing started and war still has not been declared. TV is a private citizen and a journalist who can talk to whoever he wants.
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FOX canned Tucker because they considered him too big of a liability because he didn't know the line where free speech ended and legal liability began.
And it's clear he still doesn't.
Giving aid and comfort to our enemies, especially during a war, isn't free speech.
It's treason.
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@DrewPavlou Normally like your content but the Anti TC bandwagon is evil. He is anti war. Whenever voices like his are silenced, good outcomes are limited. I’m a conservative
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lol Tucker just said that Netanyahu is worse than Hitler and that Hitler never planned to kill all the Jews
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@DrewPavlou @LauraLoomer Cheering for Tucker Carlson to go to Prison is evil.
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@OzraeliAvi Calling Tucker a traitor is outrageous. He may have many faults but he seems genuinely interested in America First.
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Tucker would win in a landslide if third world bots could vote.
Unfortunately for the traitors, Biden’s not around to allow it anymore.
Liam McCollum@MLiamMcCollum
If Tucker Carlson is arrested, he should immediately announce he is running for president in 2028
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