579 said;
Bazz Diesel is not going away any time soon. We do have a refinery at Geelong.

Wrong, it has closed and is up for sale as a distribution terminal.

It only would take one tanker to be sunk on the way to Australia and
the rest would be stopped by the insurance companies.
Or a major accident in the Singapore and/or the Korean refineries.
Or a terrorist attack.
Or ??

I suggest you read the NRMA report to the Senate enquiry on fuel supply.
Our supply depends on the goodwill of someone giving us what they also need.

Yes Bazz, Bills picked up a few tips from Gillard, with his 'pluck a number out of a barrel' type planning.

If anyone thinks we can produce 50% less energy from regular sources, and keep our jobs and economy growing, not going, GROWING they are simply dreaming. Unless of cause he is thinking nuclear but is too afraid to say it.

As for the 640 jobs lost in south oz, its simply another example of ourselves outpricing ourselves.

You want the best pay rates and conditions, sure, no problems, except of cause that while we may be well paid, there is no job.

We have spent the past twenty years self destructing, but the workers and unions just couldn't see what was coming. Pity, but hey, they were all warned, time and time again.

People have to understand that doing business and providing jobs is a voluntary act, and if the odds don't stack up, why bother.

Butch you are bordering on conspiracy like Bazz. How do you know things that are going to happen, do you have super powers or something else.

579 said;
Butch you are bordering on conspiracy like Bazz.

Conspiracy ! Conspiracy ? Where did I suggest that ?
Not even bordering on it.
Tell me where did the NRMA get it so wrong ?
A number of other submissions are along the same lines.

If you are talking about the coming economic crash, problem, downturn
or whatever name you want to give it you are sitting in the middle of
it and cannot see it.

There is no conspiracy there either, although many are blaming the banks.
The majority of banks, politicians, economists etc seem to think
that they can just fiddle with numbers, budgets etc and she'll be right.

The cause of collapse is diminishing returns.
In just one part of the whole civilised machine, energy, we are
seeing the influence of falling ERoEI, ie diminishing returns.
Rechtub suggests the same effect of diminishing returns on property.
It is everywhere, including mining.

It is not a conspiracy, it is just a natural progression that has
taken down most previous civilisations such as Rome.
Unless our politicians, economists etc get to grips with this basic
cause of our problems we will progress through repeated crashes and wars.
I do not have any magic bullet solutions except perhaps retracting
into smaller disconnected economies. If that is a solution and I
cannot be certain it is, then widespread trade treaties will make it worse.

No, political parties are not to blame any more than the rest of us.
In a retracting system it seems that debt makes things much worse.

I suggest that you read "The Collapse of Complex Societies" by Joeseph Trainter.

I am not surprised Butch will agree with you. When is this collapse going to happen and why.

I prefer more stabil news. The world is full of wiskids mainly to sell books. They do have an audience.

I think you may find changing consumerism is behind any world slowdown. And there is no prediction in that, it has been happening for a few years now.

Election 2016: Reserve Bank worried about negative gearing, capital gains tax concessions

"The Reserve Bank has expressed concern about negative gearing and the tax concession for capital gains, saying any change that discouraged negative gearing might be "a good thing" from a financial stability perspective."

"....an internal bank memo released under freedom of information laws runs counter to Prime Minister Malcolm Turnbull's warnings that Labor's proposal to ban negative gearing except for new properties would deliver "a massive shock" to the property market.

Mr Turnbull repeated those warnings on day one of the campaign, saying that Labor's policy would hold back the Australian economy.
The Reserve Bank memo says negative gearing and capital gains tax rules affect property more significantly than other investments "as it can be purchased with higher leverage than shares"."

"A move against negative gearing, the memo says, would trigger a large-scale sale of negatively-geared properties "only if the changes were not grandfathered".

Labor's policy plan would grandfather its changes, meaning properties that are negatively geared would remain so until they were sold, preventing a rush of sales as negative gearers offload homes.

The memo is a "Q&A" brief dated December 2014, meaning it was written before Labor announced its policy to wind back negative gearing and before the government pledged to continue it

The Coalition has positioned itself as the protector of Australia's existing negative gearing and capital gains tax regime, which it argues is largely used by average, "mum and dad" wage earners, and signalled its willingness to launch a scare campaign over the issue."

http://www.theage.com.au/federal-politics/federal-election-2016/election-2016-reserve-bank-worried-about-negative-gearing-capital-gains-tax-concessions-20160509-gopt4v.html#ixzz489GQtdvU

Perhaps our resident negative gearing experts would like to comment?