Tolly

@RareMintLab @TopherField 30c per litre removed in tax. Diesel at $2.70 vs $1.60 pre war. Hardly back to where it was. Diesel is the issue.

@TopherField It’s a little sus…just when the fiscal budget to be announcing in May, everyone is on edge about cost of living under ALP and all the refineries we receive fuel from require crude from Middle East aren’t getting any to refine but Somehow it has gone back to almost pre war..

I think there are some chicken-littles that owe me an apology. This is what I just paid for Diesel, and prices everywhere are improving rapidly. Its taken a little longer than I expected but I predicted from the start we would get through this without any of the 'doomsday scenarios' coming true, and here we are, through the worst of it, still intact. The fuel shortage is serious, yes, and its yet to have its full knock-on-effect on the economy, I'm not saying it was trivial or that it didn't hurt, but it was NEVER worthy of the fear-mongering and predictions of doom we've seen from some quarters. Comments are open for apologies below.

@TopherField This is not resolved by any means. Running out of fuel is still a very serious concern.

@kinngmafi6699 @SquareMileV @TheKouk Um. Big government, big welfare spending, paying off people's HECS debts, increasing taxes, unsustainable migration policy to name a few.

@SquareMileV @TheKouk I can't name a single thing Labor does that is leftist. Nowadays they try to pander to SME's and increasingly foreign capital.

Fascinating this has occurred with the right wing of politics in Australia at its lowest level ever & the centrists with a record majority

@SamBrooksMurals @AndrewAQLD @PeteZogoulas @DrewPavlou I have no issue around a discussion as long as it doesn't involve taxing revenue, which is lazy and stupid. We could and should have extremely cheap, even free power in Australia. We have so much gas we could be a manufacturing powerhouse on free energy.

@TolsonKiefer @AndrewAQLD @PeteZogoulas @DrewPavlou …. For example, maybe we land in the middle. We don’t tax the existing companies more, but use our tax money to build a nationally owned and operated mine, to benefit the citizens in a scheme similar to other countries. It is a democracy after all

The results are in!! Two wogs and an iPhone are more influential than: The billionaires bankrolling David Pocock and the Australia Institute, the Greens, Big Renewable, and the entire left-wing media ecosystem. Absolute legends. Well done @PeteZogoulas and @DrewPavlou. The turns be tabling.

@SamBrooksMurals @AndrewAQLD @PeteZogoulas @DrewPavlou What exactly is the issue? That long term fixed price contract customers are sometimes selling gas exported from Australia for a profit, when the spot price allows for it? This isn't an issue at all, it's just normal international commodity trading.

@TolsonKiefer @AndrewAQLD @PeteZogoulas @DrewPavlou But applying the same rules to completely different situations is also not always effective. If Other countries are making more money for their own people, from our resources, then clearly something needs to change. Even if his ideas are not perfect, at least it highlights issues

@JakeSnake4321 @TankerTrackers @grok @WordsMustFlow Looks a lot like they're just probing as to the veracity of the claim by Grok to see if it has any merit. Kind of like what any person with a grasp on critical thinking would do.

@TankerTrackers @grok @WordsMustFlow lol lol lol lol Tanker Trackers is so fucking desperate to simp for the Iranian regime they can’t possibly fathom that Trump does indeed have them by the balls with his blockade, due to their oil storage filling up

To prepare for the possibility of running out of oil storage space at Kharg Island, Iran has brought NASHA (9079107) out of retirement. She's a 30yo VLCC that's been anchored empty for the past few years; currently spending 4 days on a trip that should take 1.5–2 days. #OOTT

@mark16pg The only promises they have kept are the easy ones where they just borrow and spend more money (buying votes from the simple folk)

If Labor went to the last election promising that they would bring in 3,400 immigrants a day,destroy forests & farms to make China rich with renewables,increase inflation yearly,new taxes on superannuation & 8 other new taxes,piss of USA. Would you vote for them

@SamBrooksMurals @AndrewAQLD @PeteZogoulas @DrewPavlou Taxing revenue of any business is not common sense. It's lazy and stupid.

@AndrewAQLD @PeteZogoulas @DrewPavlou Is David really being funded / supported by any lobby style groups ? It genuinely Doesn’t seem like he’s exactly going along with anyone’s interests, other than the everyday persons by doing this ? I think we need to support actual alternative and common sense voices in auspol.

@sydney_ev I'd imagine we'd probably drill and turn unproven reserves into proven reserves.

drill baby drill will solve Australis energy problems.... NO, it wont. we only have 5 to 10 yrs of proven oil reserves left... (12 to 15 yrs. condensate reserves) then what? #auspol

@LynGrah77334182 @isaacfloyd13 @AngusTaylorMP The tools you're speaking of don't create new supply. The oil is gone. Reserves are just that and they too will eventually run out. I'm not denying severe economic pain. You're denying the risk of a supply failure and you haven't made a case for it.

@TolsonKiefer @isaacfloyd13 @AngusTaylorMP Agree, volume at risk is large, shouldn’t be dismissed. But framing it as “this oil isn’t just magically going to appear elsewhere”skips how global oil markets actually respond, via price,substitution,reserves & rerouting.Severe economic pain if prolonged not inability to supply

Like so many countries, Australia requires gas and oil to function. That’s not going to change anytime soon. But Chris Bowen and Labor disregard the facts. Instead, they indulge in an ideological green fantasy. Nowhere in the world can an economy function on part-time renewable energy and batteries alone. Especially a country the size of Australia. Today, Labor’s talking about building a new oil refinery. It’s all talk. What’s going to supply the refinery when Labor refuses to dig and drill? We need a government that puts energy security and economic security before green ideology.

@LynGrah77334182 @isaacfloyd13 @AngusTaylorMP The disrupted route in question has knocked out 10-15 million BPD of production. This oil isn't just magically going to appear elsewhere. You seem to think it will. Nobody said quick economic collapse until you. I said eventually Australia will run out of fuel and it's true.

@TolsonKiefer @isaacfloyd13 @AngusTaylorMP Noone serious thinks markets are magic. Oil is globally traded, fungible commodity. When 1 route disrupted, supply chains adjust/re-route, wouldn’t go to 0. Aust vulnerable to global oil disruptions, especially prolonged ones. Higher prices & strain, not quick economic collapse.

@AaronDodd @AnthonyAus64368 @SenMcDonald I'm aware of how multinational companies can get creative with their accounting. Saying the only way to address this is to tax revenue is taking the piss. Lazy policy. As a business owner I would expect you to realise harm this could do. There are many other ways.

@TolsonKiefer @AnthonyAus64368 @SenMcDonald You miss the point. Big multinationals can manipulate profit in individual jurisdictions to minimose local taxes. Profit is usually materialised in low or no tax jurisdications. Therefore the only way to address the avoidance is taxation of revenue. #auspol

I’ve been in a gas tax Senate Inquiry this week, and it’s clear activists are trying to use tax to end fossil fuel projects. We’ve heard selective data and misleading narratives to downplay the contribution resources make to our economy. #SkyNewsAustralia

@LynGrah77334182 @isaacfloyd13 @AngusTaylorMP Oil doesn’t magically materialise because someone says ‘markets will reroute’. A significant chunk of feedstock for those refineries still comes from the Middle East. She’ll be right is not analysis, it’s a guess. Betting Australia’s economy on a guess is idiotic.

@TolsonKiefer @isaacfloyd13 @AngusTaylorMP Aust imports most of refined fuels from large Asian refineries Singapore, South Korea, Japan. They source crude from multiple regions, not just M/East. If Hormuz was cut some supply would be lost. Global markets would reroute flows & Aust would receive fuel but at higher prices.

@CARN0N 150Wh/km X 20 = 3kWh/20km 0.33c /kWh X 3 = $1 20km buddy. Don't tell fibs, I'll get ya. Only 14.8 in South Australia with their 45c/kWh green power.

$1 worth of petrol in a ICE car will allow you to drive 4.5km. vs $1 worth of electricity in a EV will allow you to drive 73km.

@BethAmoureux @SenMcDonald With the PRRT the effective tax rate is 58% on profits. The PRRT was designed to allow companies to recoup their massive Capex spend, which made Australia a very attractive place to come and spend hundreds of billions of dollars. It's about to start paying off big time.

@SenMcDonald Yeah yeah whatever. If a hard-working honest Australian is paying 40% plus in tax these foreign companies should be paying minimum 50% tax on gas no debate no questions no brainer so use your brain.

@NeilMacka @SenMcDonald It says they've negotiated a long term contract that ensures project viability and stability which will sometimes be higher and sometimes lower than the market spot price which the commodity trading takes place into. You know nothing of which you speak.

@SenMcDonald Read the room, the people can see what a rort this is. We want the billions owed to us taxpayers from these grubs. If we can sell gas to Japan and they can onsell it and make a profit what does that say about the price we sell it to them at 🫣

@musso4660 @SenMcDonald Taxing it to the moon is the means to ending it.

@SenMcDonald The ultimate oxymoron. The left activists want to end the fossil fuels industry and tax it to the moon.

@AnthonyAus64368 @SenMcDonald Maybe you should learn the difference between revenue and profit and learn a couple of basics about taxation in Australia before making comments that make you look like an idiot. Stick to your lane whatever that is.

@SenMcDonald It’s a totally misleading narrative! Foreign gas companies in Australia pay low corporate income taxes, with some major exporters paying zero company tax for years, despite earning billions in revenue. While industry data claims over $21 billion in total taxes/royalties annually.

@isaacfloyd13 @AngusTaylorMP Yes. If conditions stay as they are with the strait of Hormuz we will eventually run out of fuel and our economy will collapse. This is not a joke

@AngusTaylorMP We apparently coped well under the coalition for 9 years with less than 30 days in reserve, 4 refineries shutting down & for a few years our reserves in Texas. So there's an emergency now? Time to drill & build refineries?

@AaronDodd Apparently Dodd doesn't understand the difference between revenue and profit and therefore should not be commenting on anything remotely related to taxation.

@TolsonKiefer Businesses are taxed. Mine certainly is.

Apparently Finocchario doesn't believe Australian taxpayers, who own the resources, should be properly paid by those who make money from them. Presumably. she lets her tenants live in her rental properties for free as well. #auspol #ntpol