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$66 billion demand; Japan’s demand for gas to change WA’s resources boom
Topic Started: 21 Sep 2014, 11:13 AM (3,862 Views)
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Drgonzo
21 Sep 2014, 05:35 PM
wow:

The move comes after state debt rose from $3.6 billion in 2008 to $22 billion this financial year. It is projected to reach $30 billion in three years

I am actually not a Perth bear but one must wonder how this could coincide with a once in a generation boom in WA.
Because they pissed it away giving public servants insane pay rises.
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Jimbo
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Mike
22 Sep 2014, 12:12 AM
I predict with great accuracy in two years from now the Bears will still be here preaching similar stories, just keep waiting, waiting and waiting some more.

Like how you predicted the iron ore price would stay around $140?

You still don't get it Mike. Once the mining and gas infrastructure is all in place, there is very little work on offer in these industries compared to the amount required for development.

What BP is posting is not news. FMG saying that China will need iron ore for 50 years is not news. We all know that Australia has resources and we all know that the world will need them. You are stating the bloody obvious as though it is your unique insight.

The big spin off for WA people is the construction phase. Once that is done with, the bulk of the money ends up in shareholders pockets with a small rake off for the state. We are pretty much done with construction now and once Gorgon and Wheatstone are complete, things will get worse for WA, not better.



Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Mike
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Jimbo
22 Sep 2014, 12:30 AM
Like how you predicted the iron ore price would stay around $140?

You still don't get it Mike. Once the mining and gas infrastructure is all in place, there is very little work on offer in these industries compared to the amount required for development.

What BP is posting is not news. FMG saying that China will need iron ore for 50 years is not news. We all know that Australia has resources and we all know that the world will need them. You are stating the bloody obvious as though it is your unique insight.

The big spin off for WA people is the construction phase. Once that is done with, the bulk of the money ends up in shareholders pockets with a small rake off for the state. We are pretty much done with construction now and once Gorgon and Wheatstone are complete, things will get worse for WA, not better.


I disagree. You over estimate the impact of construction.

While the construction boom has been unwinding in the mining sector unemployment in WA has continued to reduce. More jobs are being created.

Lets see how it pans out, I think you will be wrong.
http://mike-globaleconomy.blogspot.com.au/
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Jimbo
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Mike
22 Sep 2014, 12:47 AM
While the construction boom has been unwinding in the mining sector unemployment in WA has continued to reduce. More jobs are being created.

I know how much is earned on a minesite construction job and I can tell you this much, it is more than double what you could earn in Perth doing the same thing.

Not all jobs are equal.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Blondie girl
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Jimbo knows so much he's a plumber turned civil engineer, he's here all day long posting so much information.

The end is near.

The brentwood boy .. Is in the know.

The end

The end

You know the buzz in the building industry, well Perth is small, you could very well be working for oops well..too close for comfort

I can't say no more.

The end .

Better keep posting jumbo.
Psycho
Ted bundys here

Better go.
Edited by Blondie girl, 22 Sep 2014, 01:18 AM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Jimbo
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Blondie girl
22 Sep 2014, 01:01 AM
You know the buzz in the building industry, well Perth is small, you could very well be working for oops well..too close for comfort

I can't say no more.

I assume you are trying to imply in your alcoholic haze that you are some kind of powerful figure in the local building industry and that I should watch out.

I don't work in the "local" building industry. Chucking up shoddy 3x1's isn't my game.

But thanks for the warning anyway. If I do see any drunken old hags staggering around in the "better" suburbs, I will stear well clear.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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szokolay
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Jimbo
22 Sep 2014, 12:30 AM
Mike
22 Sep 2014, 12:12 AM
I predict with great accuracy in two years from now the Bears will still be here preaching similar stories, just keep waiting, waiting and waiting some more.

Like how you predicted the iron ore price would stay around $140?

Yes lol, not the sharpest tool in the shed.
Give up the crystal ball Mike, it's just not cutting the mustard.
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Blondie girl
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Jimbo
22 Sep 2014, 01:48 AM
I assume you are trying to imply in your alcoholic haze that you are some kind of powerful figure in the local building industry and that I should watch out.

I don't work in the "local" building industry. Chucking up shoddy 3x1's isn't my game.

But thanks for the warning anyway. If I do see any drunken old hags staggering around in the "better" suburbs, I will stear well clear.
Not local?

Not to worry Jim perhaps you work for an EPCM company for the mining industry?

Not hard to work out you know.


No I'm not personally working for any local companies but when one has gown up with parents in building eventually one has networks of family & associates who are not just tradies.

That's all you need to know.


Meanwhile you better sharpen up on the project sequencing & construction & understand there's a variety of interesting people from brickies to the execs and to the bigwigs who have years of credibility & professional reputations to maintain.
It's absolutely fantastic that the vice -president of Woodside is leading a team that developed a unique shipping strategy to optimize & grow it's LNG trading.

Good on you Jill Hoffman.
Edited by Blondie girl, 22 Sep 2014, 01:12 PM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Perthite
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Mike
22 Sep 2014, 12:47 AM
I disagree. You over estimate the impact of construction.

While the construction boom has been unwinding in the mining sector unemployment in WA has continued to reduce. More jobs are being created.

Lets see how it pans out, I think you will be wrong.
That ship sailed.... it brought about falls in prices.

Unless you have some other bs theory on why the market turned south at record low rates.

Edited by Perthite, 22 Sep 2014, 03:21 PM.
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Jimbo
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Blondie girl
22 Sep 2014, 01:04 PM
Not local?

Not to worry Jim perhaps you work for an EPCM company for the mining industry?

Not hard to work out you know.


I suppose I'd better be scared then.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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