Quote:
Originally Posted by hayseed
You can blame John Howard for Oil Parity Pricing..
In 1976 John Howard when Treasurer, introduced Oil Parity Pricing allowing Oil Co’s to artificially jack
up prices as a deceitful contrived necessity, milking billions from the people even though Australian
production costs remained at $3 a barrel. Oil Co’s were given permission to charge overseas prices for all
the oil found in Australia, and make massive profits under the guise that it encouraged them to search for
oil here.
https://www.aph.gov.au/~/media/wopap...3%20a%20barrel. |
The Fraser government along with Howard sure did slugged us at the bowser.
https://www.drive.com.au/news/friday...0130816-2s0sm/