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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 (3,860 Views)
skamy
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Drgonzo
21 Sep 2014, 01:28 PM
I think you will find that completion from the US is expected to make it more difficult for Australia to export LNG because the capital cost here is so much higher.

http://www.smh.com.au/business/australian-lng-industry-faces-threat-from-us-exports-20140408-36b5p.html
Clearly there is competition in the market but the fact remains that Australia will get very rich indeed from its natural gas and most of that is in WA.

The Perth bears believe that the WA economy will crash, some believe that house prices, which are already below 2007 prices in many locations, will drop further by 20-40%.

This is madness,IMHO. Some bears only think about the fact that the construction phase has peaked, they seem unable to understand that these facilities were built to generate real wealth.
Kulganis
21 Sep 2014, 11:50 PM
Fantastic for Fortescue perhaps, not so great for Australia, maybe a little royalties coming in, but nothing like the windfall we could have if we had copied Saudi Arabia and their government owned oil company. Ask a Nigerian how much wealth and prosperity Shell and Chevron brought to their country, being the largest exporter of oil in Africa.

Yes, they can, however until they're fulfilled, no one knows which way the cards will fall. And rejoicing over a prediction is as useful as celebrating after a horoscope tells you that you're going to win the lottery.

No anger, just telling it how I see it, nor is it personal, I hope BP finds his happy place, but I doubt he will. Hope for the best, prepare for the worst, as they say.

This has nothing to do with sex, which seems to be all you think about.

And I think we've established that you're the one that spits around here.
Ha ha Australia should be more like Saudi what a joke? I have heard it all now.

No one is rejoicing we are just stating the fact that Australia is extremely well positioned for the future. A housing price crash is just a fantasy being sold to gullible young people.

Bears on here sat through 2011 and 2012 selling cheap house dreams to young people, who then missed out on the best buying opportunity in decades.

Edwards is a very well respected economist who changed this country and delivered to working people while he worked with the Keating government. IMHO, only a fool would completely write off his predictions and predict the absolute opposite ie poverty unemployment and a crashing economy for WA.
Edited by skamy, 22 Sep 2014, 08:20 PM.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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goldbug
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skamy
22 Sep 2014, 07:57 PM
some believe that house prices, which are already below 2007 prices in many locations, will drop further by 20-40%.

Bears on here sat through 2011 and 2012 selling cheap house dreams to young people, who then missed out on the best buying opportunity in decades.
How can they have missed out when prices are below 2007 levels? Shot yourself in the foot there you idiot.

The longer they wait, the cheaper houses seem to get, and the more money they save. Personally I don't believe it's price that turns new buyers away at all. They are just shit scared of committing to a 30 year repayment plan when the economy is inexorably slowing down month by month.

Much smarter to stay renting or stay with their parents until things signs of improvement. Much to the discust of all you bulls who are sitting on a mountain of IO debt :lol
Edited by goldbug, 22 Sep 2014, 09:22 PM.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Blondie girl
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skamy
22 Sep 2014, 07:57 PM
Clearly there is competition in the market but the fact remains that Australia will get very rich indeed from its natural gas and most of that is in WA.

The Perth bears believe that the WA economy will crash, some believe that house prices, which are already below 2007 prices in many locations, will drop further by 20-40%.

This is madness,IMHO. Some bears only think about the fact that the construction phase has peaked, they seem unable to understand that these facilities were built to generate real wealth.

Ha ha Australia should be more like Saudi what a joke? I have heard it all now.

No one is rejoicing we are just stating the fact that Australia is extremely well positioned for the future. A housing price crash is just a fantasy being sold to gullible young people.

Bears on here sat through 2011 and 2012 selling cheap house dreams to young people, who then missed out on the best buying opportunity in decades.

Edwards is a very well respected economist who changed this country and delivered to working people while he worked with the Keating government. IMHO, only a fool would completely write off his predictions and predict the absolute opposite ie poverty unemployment and a crashing economy for WA.
skamy
I was actually having a go @ Kulganis coz his response to BP was quite harsh.

It's difficult to gauge emotions particularly sarcasm on the internet as opposed to interacting with others face to face.

However he is not generally malicious in his replies to me.
Jimbo
22 Sep 2014, 04:31 PM
I suppose I'd better be scared then.
So why do you say that? Normally when one does not have anything to hide the routine answer is to say.."Yes you are correct"

Especially when one has nothing to hide & has been honest. One should feel Absolutely Fabulous.

You reply with an attitude. Yes I am guilty of being a hot headed at times, but I can be reasonable /focussed when I do not cop the maliciousness.

I don't wish to waste my time with you.
Edited by Blondie girl, 22 Sep 2014, 09:58 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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skamy
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goldbug
22 Sep 2014, 09:20 PM
How can they have missed out when prices are below 2007 levels? Shot yourself in the foot there you idiot.

The longer they wait, the cheaper houses seem to get, and the more money they save. Personally I don't believe it's price that turns new buyers away at all. They are just shit scared of committing to a 30 year repayment plan when the economy is inexorably slowing down month by month.

Much smarter to stay renting or stay with their parents until things signs of improvement. Much to the discust of all you bulls who are sitting on a mountain of IO debt :lol
They are still below 2007 prices but back in 2011/12 they were much lower still.

Goldbug you have been sitting in your own property since I came on here telling young people not to buy, you know that prices were much lower than they are today.

Your expectation of further falls seems a bit greedy IMHO. In my many years opportunities to buy properties at prices last seen 7 or 8 years ago are rare and far between. You are encouraging young people to make the long adds speculation. The GFC is over, it did not bring down the banks, it did not deliver anything but negatives for normal people. However banks and rich people are now enjoying some nice appreciation on the cheap assets they picked up during the crisis.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Jimbo
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Blondie girl
22 Sep 2014, 09:28 PM
You reply with an attitude. Yes I am guilty of being a hot headed at times, but I can be reasonable /focussed when I do not cop the maliciousness.

I don't wish to waste my time with you.
You are the nasty old bat that called anyone who lived south of the river a "Bogan".

You are the one who starts with the nasty shit.

Read back through a few threads.

You bloody mental cow.
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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Kulganis
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skamy
22 Sep 2014, 07:57 PM
Ha ha Australia should be more like Saudi what a joke? I have heard it all now.
No joking here, but nice strawman, I didn't say that Australia should be more like Saudi Arabia, I said that we should have taken a leaf from their book and managed our resources wholly in house...

In Saudi Arabia, healthcare (including dentistry) and education is free, there is no personal income taxes, no CGT, no GST, no Stamp Duty, no land tax.

There is a payment, for religious reasons, once a year, which amounts to 2.5% of 15% of profits. It's called Zakat, and it is based on an honor system, you could either give the tithe to the department responsible, or directly to a needy person or group.

The corporate tax rate is 20%, 30% if they work in the LNG industry, or 85% for an oil industry. There is no payroll tax. Companies pay 9% of an employees salary into social insurance and a further 2% for accident insurance.

Non-citizens are treated far less well, yes, but essentially, they are equivalent to 457 visa holders in Australia.

All because the Saudi Arabian oil company Saudi Aramco is wholly owned by the government. Almost all of their governmental operating budget is earned through their resources.

Surely there are enough holders of business degrees in our government to run a resources company, surely they aren't all so inept that they require private companies to do the work.

Instead of a huge income from selling our resources directly, we get a tiny royalty payment and a lot of profits go offshore to shareholders in other countries.

Quote:
 
No one is rejoicing we are just stating the fact that Australia is extremely well positioned for the future. A housing price crash is just a fantasy being sold to gullible young people.
BP certainly is...
Quote:
 
Perth will be challenging Sydney for most expensive Real Estate in Aus in the next 5 years.

RE growth in Perth will be very strong.
Quote:
 
Bears on here sat through 2011 and 2012 selling cheap house dreams to young people, who then missed out on the best buying opportunity in decades.

Edwards is a very well respected economist who changed this country and delivered to working people while he worked with the Keating government. IMHO, only a fool would completely write off his predictions and predict the absolute opposite ie poverty unemployment and a crashing economy for WA.
I never said any of the above, all I said was that predictions aren't real until they are fulfilled, the cards could fall either way. But nice appeal to authority there... 'Edwards is well respected, therefore his predictions should be taken as fact.' I didn't 'completely write off his predictions', just that they should be taken with a liberal handful of salt.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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Blondie girl
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Jimbo
22 Sep 2014, 11:20 PM
Dribble dribble & personal attacks
Where have I actually stated that every suburb SOR is bogan?

You are excellent in twisting facts.

I've pushed your angry buttons when I mentioned I wouldn't waste my time investing on an area that you have bailed out of. Do let us know if you can upgrade :dry:

City, riverside, select high demand ocean side props do not fail.

It's a pity you are too thick to understand that.



Just another reiteration.. I don't invest in boganvillia....never have never will.

I have some family members & myself that live in beautiful SOR areas, there's a difference.
Edited by Blondie girl, 23 Sep 2014, 01:00 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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newjez
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Kulganis
23 Sep 2014, 01:31 AM
No joking here, but nice strawman, I didn't say that Australia should be more like Saudi Arabia, I said that we should have taken a leaf from their book and managed our resources wholly in house...

In Saudi Arabia, healthcare (including dentistry) and education is free, there is no personal income taxes, no CGT, no GST, no Stamp Duty, no land tax.

There is a payment, for religious reasons, once a year, which amounts to 2.5% of 15% of profits. It's called Zakat, and it is based on an honor system, you could either give the tithe to the department responsible, or directly to a needy person or group.

The corporate tax rate is 20%, 30% if they work in the LNG industry, or 85% for an oil industry. There is no payroll tax. Companies pay 9% of an employees salary into social insurance and a further 2% for accident insurance.

Non-citizens are treated far less well, yes, but essentially, they are equivalent to 457 visa holders in Australia.

All because the Saudi Arabian oil company Saudi Aramco is wholly owned by the government. Almost all of their governmental operating budget is earned through their resources.

Surely there are enough holders of business degrees in our government to run a resources company, surely they aren't all so inept that they require private companies to do the work.

Instead of a huge income from selling our resources directly, we get a tiny royalty payment and a lot of profits go offshore to shareholders in other countries.


BP certainly is...


I never said any of the above, all I said was that predictions aren't real until they are fulfilled, the cards could fall either way. But nice appeal to authority there... 'Edwards is well respected, therefore his predictions should be taken as fact.' I didn't 'completely write off his predictions', just that they should be taken with a liberal handful of salt.
Nice to see you back kulganis
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Kulganis
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newjez
23 Sep 2014, 01:35 PM
Nice to see you back kulganis
Thank you, I was wondering if anyone noticed that I was gone for a bit.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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