South African Govt (ANC scum) South Africa proposes 20% carried interest in oil and gas law
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Pic: AWESOME MEME: 1934 Machine Guns When White Society was responsible Gun Laws
Whites have never been babies. We do many dangerous things without even thinking about it. In 1934, even a child could order a machinegun by mail order. There were zero school shootings back then.
JOHANNESBURG (Bloomberg) – South Africa published a long-anticipated draft of oil and gas legislation that will give the state a 20% carried interest in exploration and production rights, with the aim of increasing development of the industry.
The policy also calls for at least a 10% participating interest by black partners and the establishment of a Petroleum Agency, according to a draft published Tuesday by the Department of Mineral Resources and Energy in the Government Gazette.
The bill separates rules for the petroleum resources sector from laws that apply to mining exploration. Companies including Royal Dutch Shell Plc have slowed activity in recent years, citing legislative uncertainty. Finalizing the oil law has also become more urgent since Total SA announced the first significant deep-water discovery off the coast of South Africa in February.
South Africa will have a right to a 20% carried interest that “shall not be recoverable at exploration and appraisal stage,” according to the draft. “The holder of a production right shall recover development and production costs from the proceeds generated from production operations as prescribed.”
Interested parties have until Feb. 21 to submit comment on the draft bill.
Video: What Adolf Hitler said about the Boers
I decided to look in Adolf Hitlers Mein Kampf (My Struggle) to see what he said about the Boers. Few know of his obsession with the Boers when he was a young man. In Mein Kampf I found many references which indicated that Hitler had a knowledge even of the black tribes that live in South Africa.
