John Smith wrote on Apr 1
st, 2013 at 12:08pm:
Andrei.Hicks wrote on Apr 1
st, 2013 at 11:31am:
Cutting grants on research into shale oil fracking processes, cutting grants into P3 tax credits on innovative energy delivery, cutting grants into upstream process refinement - all of which result in better processes in the Australian sector is not welfare!!!!!!
Those grants are intrinsic into energy delivery in Australia.
Cutting them for a short term political surplus is disgraceful.
Why would you cut them and force the expense wholesale onto companies?
Because i believe in a market based system ... don't you? if comapnies want the profit they shouldn't expect govt. subsidies .
It is merely your opinion that the results will be better for Australia , not mine ... I think any sort of fracking is bad for the country long term .. they should never let companies do it let alone give them money to do so ... you want better processes in Australia, move away from oil and gas based energy supply and move onto newer technologies ... then you can claim to have Australias interests at heart ... you are just worried about the few million $$$ your comapny stands to make .. don't pretend you care for Australias well being.
It's not opinion.
Results over the last decade -
+ Pollutant loss into the ocean
+ Deeper dive technique and exploration
+ Fracking refinement and lower seisemic echoes
+ Smoother upstream capture
All of that data has improved over the last decade - to the benefit of Australia.
If the Australian Government wants better processes and better energy capture, then it should wear some of the costs.
It's simple common sense.
Australia stands to gain hugely from process improvements.