Everyone wants to be like Norway - large sovereign wealth fund, and a high tax rate on natural resources. But no one wants to do the hard work (& time) required to get there. Let's see what they have: * State Owned Oil Company - Think Woodside, or BP, but government
Colourless, odorless, non-toxic, inert, nonatomic. Created from the radioactive decay of uranium and thorium, deep underground over millions of years. It would drift into the atmosphere, unless it becomes trapped, usually in natural gas, or under layers of salt. Helium is widely used throughout many aspects of our daily
Australia has, and sells, A LOT of Natural Gas. We are the second largest exporter of Liquified Natural Gas (LNG) in the world, only behind Qatar. In 2024 we shipped 18 million tonnes, earning around $70bn in the year. And we still have quite a bit in reserve waiting to
In 1973, the Middle East cut off oil supplies to the world, resulting in fuel shortages, rationing, and a global recession. In response, the International Energy Agency was created in 1974, with a “mandate for oil supply security and policy co-operation, including ... to respond effectively to potential disruptions in
Australia. A vast, resource rich nation, that has always had it easy. We just dig up dirt and ship it overseas. Or for gas, pipe it first (over 70% of all gas produced in Australia is exported, sometimes to be re-sold at a higher profit). But what's