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Suddenly coal prices are booming. Will the entire country be next?
Topic Started: 12 Oct 2016, 10:03 PM (2,529 Views)
zaph
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Bardon
13 Oct 2016, 02:39 PM
last time I was there in 20110 they were building a couple of gargantuan ship loaders.




And a few time machines?
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Mike
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Rufus
13 Oct 2016, 01:20 PM
I keep forgetting about country Nth NSW and their coal mines. It will certainly give them a boost as well.
Maybe Nathan Tinkler can save some of his empire.

The coal industry does need to sort out the "black lung" risk for it's workers, and prevent runoff into the reef though. They are major issues.
Plus the fact that the more coal we dig up the more CO2 that goes into the air, but hey if we don't do it as clean as we can, then some one else will as cheap and dirty as then can in some backwater 3rd world developing nation poisoning the nearby villagers as they go.

http://mike-globaleconomy.blogspot.com.au/
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Bardon
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zaph
13 Oct 2016, 02:44 PM
And a few time machines?
It felt like I had went back in time down the pit at Helensburg.

They have kept the underground stables there for posterity and you have all of the saddlery and co hanging right there, being a pit pony would not have been nice.

Plus the guy that was showing me around was fifth generation Yorkshire miner, telling me stories about digging the yard arm in the old country.

It wasn't till i got back on the surface, showered and got stuck into a chicko roll before I came good again.
Edited by Bardon, 13 Oct 2016, 02:51 PM.
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Jon Snow
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Rufus
12 Oct 2016, 10:49 PM
Socialist?
Yes, rent seeking socialist.

Commodity prices go up => government makes a revenue grab => builds white elephants => which employ people => who take out bigger loans due to their bloated government/infrastructure salaries => good for your business

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I know the state government are looking for money for an upgrade of the M1 stretch between Pine Rivers and where it joins the Highway to the Gold Coast, which has become our major highway although the Federal government are pretending it's not because then they would have to participate in funding, and I know we need to fund a cross town underground rail link, but I won't see any of that.
If there were any wealth generating entrepreneurs in your state creating new, innovative, high demand products and services the government wouldn't need to be scratching around like a beggar with a gruel bowl, the money would be pouring in.
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Eventually I think coal will be redundant, but I'm OK with making money out of it until then.
I don't give a shit about people digging up coal and burning it, only about how that makes them lazy socialists who don't want to create anything.
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The socialists that I read want coal mining stopped now, which I think is a bit early.
Maybe they are not really socialists, but irresponsible whiners hoping to get laid with their faux concern for the planet.
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Coal also puts a lot of money into small country towns in Qld as well as major centres like Mackay and Rocky, but I guess that's not your elitist concern.
The Great Barrier Reef also puts a lot of money into small country towns like Airlie Beach, Mission Beach and the WhitSundays, but I guess attracting tourists requires learning how to serve people, and why do that when you can dig a whole in the ground and redistribute the wealth by force.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Rufus
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Jon Snow
13 Oct 2016, 07:49 PM
Yes, rent seeking socialist.

Commodity prices go up => government makes a revenue grab => builds white elephants => which employ people => who take out bigger loans due to their bloated government/infrastructure salaries => good for your business


If there were any wealth generating entrepreneurs in your state creating new, innovative, high demand products and services the government wouldn't need to be scratching around like a beggar with a gruel bowl, the money would be pouring in.

I don't give a shit about people digging up coal and burning it, only about how that makes them lazy socialists who don't want to create anything.

Maybe they are not really socialists, but irresponsible whiners hoping to get laid with their faux concern for the planet.

The Great Barrier Reef also puts a lot of money into small country towns like Airlie Beach, Mission Beach and the WhitSundays, but I guess attracting tourists requires learning how to serve people, and why do that when you can dig a whole in the ground and redistribute the wealth by force.
Let me know when the meds wear off.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jon Snow
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Rufus
13 Oct 2016, 08:08 PM
Let me know when the meds wear off.
As usual, you've got nothing. But instead of just letting it go, you gotta lash out with the ad-hominem.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Rufus
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Jon Snow
13 Oct 2016, 08:35 PM
As usual, you've got nothing. But instead of just letting it go, you gotta lash out with the ad-hominem.
I really can't be bothered.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Quite interesting that the anticipation about another mining bonanza is starting to wind up. The mining boom had been written off as irrelevant anyway and it wasn't that long ago that the suburbanites were being promised riches from tourism (selling trinkets to Chinese).

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A Lurker
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Terry
13 Oct 2016, 09:43 PM
Quite interesting that the anticipation about another mining bonanza is starting to wind up. The mining boom had been written off as irrelevant anyway and it wasn't that long ago that the suburbanites were being promised riches from tourism (selling trinkets to Chinese).

Your point being we have a diversified economy where some parts are likely to be growing and some contracting at each point in time.
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Jon Snow
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Rufus
13 Oct 2016, 08:52 PM
I really can't be bothered.
All is forgiven.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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