AUSTRALIA – WHAT WE ARE DOING WRONG (11)

11. SELLING  RESOURCES

We counter the blessings Australia could offer by selling our natural resources with an almost wanton abandon.  

Natural gas is an example. Selling virtually all our gas by long-term contract negotiation onto the overseas futures market means we are destitute in terms of our own domestic needs.

While future sales are necessary to secure the capital investment in establishing extraction and refining facilities, we have hardly been smart by going the ‘sell all’ route.

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