Petroleum industry a govt cash machine

AXING the $500 million-a-year condensate tax break will not kill Woodside Petroleum, but it will kill resource sector confidence in the freshly-elected Rudd Labor Government.

Petroleum industry a govt cash machine Petroleum industry a govt cash machine Petroleum industry a govt cash machine Petroleum industry a govt cash machine Petroleum industry a govt cash machine

That's the most important outcome of the surprise attack by the Australian Government on the petroleum industry which saw the abrupt end of a 24-year-old exemption from excise on the production of

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