August 18, 2009

Let's be honest about what's happening here

At lunchtime today Malcolm Turnbull was berating Rudd for destroying our relationship with China (yes, he is that desperate). Now comes the biggest energy deal in Australian history:

Australia signs $50b gas deal with China - ABC News (Australian Broadcasting Corporation)
A deal has been signed in Beijing tonight for the biggest single investment ever made in Australia.

PetroChina has signed a deal to buy $50 billion worth of Australian liquefied natural gas over 20 years.


What's really happening here is that the media (and society too, I suppose, by proxy) have been co-opted into this fantasy that big money deals are good for everyone, and a "win" like this is good for all Australians.

Meanwhile, far away in Venezuela, people are enjoying cheap energy bills as a result of plentiful natural resources.

Why are Australia's natural resources being flogged off overseas, why are we still paying exorbitant energy costs every quarter, and why are we all cheering on these mammoth sales as if we have any personal stake in the profiteering madness?

1 comment:

Stefan said...

here we go again! divide that by our population and in about 15 years you might be lucky to buy a loaf of bread with your share.

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