For months now, the big story in the Aussie market has been China’s Inc.’s stealth invasion of Australia through the share market. A Trojan equity horse, if you will. But maybe we had the story all wrong. Maybe the Pilbara is invading China!
We have set ourselves a mighty task in today’s Daily Reckoning, dear reader. We aim to prove to you how short-sighted, smug, and shallow the mainstream press is. This may not be as big a task as it first sounds, given the quality of a lot of journalism. But we take on one of the central myths of the modern economy today: that consumption leads to prosperity.
Yesterday’s big bid by British Gas for Origin Energy puts coal seam methane (firmly in the spotlight). Recently we published a map showing Queensland’s coal properties, including the location of coal seam methane projects in the Surat Basin.