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The Forum > General Discussion > Surprise ! Coal Fired Electricity Cheaper Than Renewables

Surprise ! Coal Fired Electricity Cheaper Than Renewables

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One of these days Steely you may actually provide a post that is not all half truths & lies.

If you do many of us just may faint with the shock.
Posted by Hasbeen, Saturday, 8 July 2017 1:03:18 PM
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Dear Hasbeen,

Oh come on mate that is pretty disingenuous, I provided a hell of a lot more substance in that one post than you have collectively in a year's worth.

Tell you what, this should be easy, name a single thing that was a lie or even a half truth and I will provide the appropriate response. As they say in the classics; put up or shut up.
Posted by SteeleRedux, Sunday, 9 July 2017 11:24:36 AM
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SR,

Considering that Aus already has a PRRT on oil and gas of 40% plus royalties, I find that your suggestion that Qatar gets 23x the amount of tax from the same volume of gas more than a little hard to swallow.

The way you are ranting, you sound like you are deliberately accusing the gas companies of selling all the gas overseas cheaply just to screw over Australians?

These contracts were put in place years ago when the price of gas was a fraction of what it is today and the demand from Australia was far lower. That pinhead politicians are closing coal-fired stations and have halted all gas exploration (Victorian Labor) and all CSG drilling is why gas demand is spiking as supply is dwindling.

This crisis is entirely man-made by short-sighted politicians.
Posted by Shadow Minister, Sunday, 9 July 2017 4:55:45 PM
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As per my original comment about being ripped off over gas.

Either a Government official is profiting handsomely or they are completely incompetent. It also appears this may be a problem with the whole mining sector.

http://www.smh.com.au/federal-politics/political-news/prrt-australia-falls-behind-cameroon-burkina-faso-on-resource-tax-transparency-20170705-gx5927.html

PRRT: Australia falls behind Cameroon, Burkina Faso on resource tax transparency

Australia is set to become the world's largest exporter of gas but its level of resource tax transparency falls behind Burkina Faso, Cameroon and Mongolia, a new global report has found, as the country forfeits billions of dollars in tax to multinational mining giants.

A Senate hearing into the Callaghan review of the petroleum resource rent tax this week heard just how murky our tax data is, with only opaque disclosures from the companies themselves giving us an indication of how much tax they pay.

Australia is set to eclipse Qatar as the largest exporter of gas in the world by 2020 but will receive just a fraction of the revenue, $800 million compared to Qatar's $26.6 billion.

The resource governance index found countries that receive Australian aid funding for programs aimed at improving their resource sectors outperformed Australia on revenue management.

Australia, ranking 32nd, scored lower than Botswana, Niger and the Ivory Coast, according the report from the global Natural Resources Governance Institute.
Posted by Philip S, Sunday, 9 July 2017 5:30:58 PM
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Turnbull and Co are frantically trying to save peanuts by going after pensioners etc when they ignore BILLIONS going down the drain.

I say corruption and incompetence could be too blame.
Posted by Philip S, Sunday, 9 July 2017 5:33:21 PM
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Having read the SMH article I now see where there is confusion. The reporter has only told half the story. Either because he is a pinhead with no concept of tax procedures, or because he deliberately wanted to paint a bad picture.

All major plant are allowed to write off most of the costs of construction against profits over the first 5-10 years of production, which means that most large industrial plants pay little to no tax in the first few years. Given that most of these huge gas plants are only a few years old, the tax revenue after using tax credits is minimal. When the tax credits have all been used in about 10 years, the revenue will jump dramatically, probably to equal that of the mature gas fields in Qatar.

More deceit from the left whinge.
Posted by Shadow Minister, Monday, 10 July 2017 11:40:31 AM
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