Something has gone badly wrong in public policy in this area. Consider: That's seen our Petroleum Resources Rent Tax proceeds, which in the past delivered aro

Something has gone badly wrong in public policy in this area. Consider: That's seen our Petroleum Resources Rent Tax proceeds, which in the past delivered around $2 billion a year, plummet. In fact, by the time we overtake Qatar for global gas domination, it's anticipated our resources tax will collect just $800 million. Qatar, on the other hand, is expected to receive $26.6 billion in royalties that same year for roughly the same volume of exports. (from http://www.abc.net.au/news/2017-03-20/ian-verrender-how-the-free-market-failed-australia/8368032 http://www.abc.net.au/news/2017-03-20/ian-verrender-how-the-... )