Tag: Gas & Oil

Israel

War on Gaza: What is Next after Genocide?

The unchallengeable truth coming out of Gaza speaks of daily planned bloodbath of the civilian population and forced displacement of 1.9 millions to make Gaza another occupied entity of Israel facilitating futuristic exploration of gas and oil in the Mediterranean region favoring Israel and the US interests. Is Israel attacking Gaza for oil and gas? There are reportedly huge gas and oil fields in Gaza and West Bank, reports Muhdan Saglam. Media reports disclose Israeli strategic plans to change the geography by creating another canal from Gulf Of Aqaba to undo the Suez Canal impacting Egypt, Saudi Arabia and Jordan accessibility to the Red Sea.

Source: War on Gaza: What is Next after Genocide?

LNP Economic Management, Uncategorized

Norway set to gain more from drilling in Great Australian Bight than Australia | Australia news | The Guardian

Birdlife on the Coorong near the mouth of the Murray River where it flows into the Great Australian Bight

Campbell and Shields argue that Norway reaps the rewards from “direct ownership” of oil and gas fields, with global revenue of $46bn from the petroleum industry in 2019 compared with the $1.2bn Australia received from PRRT in 2017-18.

“As a result of the Australian government’s decision to raise little revenue from the exploitation of its oil and gas resources, drilling in the Bight is effectively a no-win proposition for Australia and the communities along its south coast,” the report said.

“While Australians are being asked to shoulder all of the economic and environmental risk of the project, a foreign government is likely to enjoy much of the financial gain.”

via Norway set to gain more from drilling in Great Australian Bight than Australia | Australia news | The Guardian