The US and Russia are still grappling with COVID 19 …

Comment on Recovery: No help from oil and gas, says study by John.

The US and Russia are still grappling with COVID 19 while the situation in developing countries is likely to be out of control.
Hence oil prices can be expected to remain low for several years due to a lack of demand and oil companies will be unlikely to commit resources to developing projects in this climate.
Given that on shore oil and gas projects are not labor intensive nor a current major contributor to the NT economy – why should the NT Govt. provide funding support at this time if is not going to kick start the economy? The NT Govt. would be best placed focusing on existing industries.

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