Sexy coal on sexy oil

by frog

From Parliament last Wednesday:

Peseta Sam Lotu-Iiga: How does the taxpayer benefit from our increasing domestic production of oil?

Hon GERRY BROWNLEE: The Crown received approximately $965 million, including taxes paid, from petroleum production in the last financial year. Of that, $543 million was in royalty payments alone. New Zealand produces in excess of 21 million barrels of oil a day. Closing the balance between oil imports and exports is a real benefit to the New Zealand economy and, consequently, the taxpayer.

21 million barrels a day!  Who would believe it?  Little ol’ New Zealand produces a quarter of the world’s oil – more than Saudi Arabia and Russia combined!

And all because of our wonderful Minister of Energy and Resources, Gerry Brownlee.  Gee, he’s clever!

frog says

Published in Economy, Work, & Welfare | THE GAME by frog on Fri, February 12th, 2010   

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