They are underpinned by signed 30 year contracts by Asian energy companies to take the gas.
That means massive annuity style streams of cash flooding into the Australian economy for the next three decades.
So, to the earlier poster who said these forecasts can be made to suit whatever barrow you're pushing, and are often wrong, not so.
That money will mean jobs and economic stimulus, everywhere in all sorts of sectors.
That's not Ayn Rand at all - it's economics 101 and there's nearly two hundred years of evidence to back up the theories.
But the reality of these projects is that they are controlled by major multi national companies whose profits do not flow into Australia. Often they outsource the labour to foreigners and the companies hide in nice tax havens.
The idea that all these mining projects bring huge money into Australia is just pure spin. Everyone talks about the economic multiplier BEFORE the project is done then it is never heard of again. Yes they will provide a economic uplift but nothing like what it should be, if it was Australian companies employing Australians.
Heard a interview with Ross Garnaut recently where he said that 75% of the mining boom profits went overseas.
The country is being gutted and eventually there will be nothing left.
That misses the point entirely. The issue is that Qantas has been deliberately destroyed. To the people that have cared greatly for 'The Company' over the last 95+ years it is incredibly sad to see it wrecked by a group of incompetent blow-ins
Couldn't agree more.
But I'm not sure if Joyce et al are actually incompetent or playing to some grand plan of destroying the airline deliberately to access the assets.