Sunday, Aug 29, 2004 at 19:59
I don't give ableepwhat you care about and I find your reply quite offensive.
Your points are simply incorrect:
1. Australia is nowhere near oil independent.
2. Oil is priced on the open market so when it goes to US$45 that's what the refineries have to pay to get their raw supply.
3. Oil prices are driven by supply and demand. Less supply or more demand = higher price.
4. The government adds a tax on the cost of the refined the products so they have nothing to do with the oil price.
5. Australia taxation isn't too bad on a world scale. UK has GST (actually named VAT) of 17.5%.
6. If it's only the Government making money how come BP,
CALTEX and Shell make monster profits every year? Hello...
7.
Darwin does import 100% of it's fuel. "I believe" was polite grammer. Something you have obviously got to learn...
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