So the fuel companies will soon be transparently ripping off …

Comment on Giles: No more Mr Nice Guy on fuel prices by Peters.

So the fuel companies will soon be transparently ripping off Territorians.
How will that bring the price of fuel down?
We already know they are shameless.
And the price gouging could be Delia’s fault?
Forget that Adam and do whatever it takes to get the price down.
Do that and I will vote CLP for the first time ever and I suspect a lot of others will as well.

Recent Comments by Peters

‘Sneaky’ Christmas present from Environment Minister
Well worth reading the Environmental Management Plan EP76 before commenting.
There would be no impact on the nearest groundwater users due to extraction from the CLA at Velkerri 76 S2 for exploration activities.
22 billion tonnes of CO2 released? Rubbish.
Gas is a lot cleaner than coal.
Bottom line is the NT is broke and there is no solution in sight from any party.
Gas extracted onshore pays a royalty to the NT Government and the Beetaloo Basin could generate a very large income that would benefit all of us.
Origin Energy is investing a very large sum of money here in the NT.
They are taking a big risk with shareholders’ money.
Thank you Origin Energy and Santos and Central Petroleum.
They are risking money to move the Territory forward.


When 20% royalties shrivel to as little as 1%
As a shareholder of Santos (STO) and Central Petroleum (CTP) I wish both companies had never set foot in the NT.
More than $100m spent with hardly any return in the Territory.
Many jobs created, employment of local Aboriginal people, royalties paid along with payoffs (remember CEO Cottee and the six Landcruisers).
Almost no return for company money. My money in part.
Constant harassment by green groups.
STO makes money in PNG as a JV partner in the PNG LNG project.
CTP has cost most investors dearly but they keep drilling and hoping.
A single well costs around $7m but can cost double that.
In my view the NT Government owes the companies as the previous CM recognised.


Aboriginal royalties: A golden deal?
The ABA holds over $1 billion in reserves for Indigenous people, many living in deep poverty.
Aboriginal owned Centrecorp is worth over $70m.
Aboriginal controlled Congress has a multimillion dollar “reserve” accumulated from its Government funding.
There sure is a lot of money allocated for Aboriginal people that is not getting to them.
And it isn’t whitefellas sitting on those riches.


Aboriginal royalties: A golden deal?
@ Jon Altman: Thanks for that information. About how much do the four land councils get for their administrative costs from royalties?


Aboriginal royalties: A golden deal?
James T Smerk: If you visit Yuendumu you may be surprised at the lack of apparent need.
Large spacious and up to date houses, some with just one person or a couple living in them.
Great communications, wifi internet, mobile etc.
Excellent services, health etc.
Large and modern adult education / training centre.
I’m not suggesting this opulence is common in Aboriginal communities.
A station, near Ti Tree and in fact most of the Barkly communities still suffer homelessness, poverty, the exploitation of paying high prices for food, poor medical services.
But not at Yuendumu.
So sad that the community that least needs royalties gets them in abundance.


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