this company has no cash reserves to develop any of its Australia holdings. No major company has wanted to do a joint venture on its holdings in Australia or to invest in this company what does that tell you. No one, not Buffet, Moors, Icahn is right all the time, they all make a mistake and this company is a mistake.
Do you really think any of our recent presidents have been any good? Come on George had Saddam overthrown in Iraq and we ended up staying there for 15 years and spending trillions of dollars there rather than repairing our infrastructure: roads, schools, bridges, etc. Then Obama has the Libya leader overthrown, and now we have militias all over that country and he has been trying to do the same in Syria where militias are destroying the country. Soon the entire Middle East will be bands of terrorist organizations selling oil for discounts.
These countries always have had dictators running them and they basically kept order. No we have no order because we have had 16 years of poor foreign decision making.
We need Congress to develop an economic policy to let our companies compete in the energy business, but Congress seems unwilling to do anything to encourage natural gas vehicles and exports of energy.
If you want to create 200,000-300,000 high paying jobs in the U.S., let the U.S. compete against Russia and OPEC for oil sales around the world. If the Congress wants to keep jobs and economy stagnant then do not create a sector that competes for sales around the world. I guess they like all the jobs created by fast food, Walmart, etc.