The black hole

Article Abstract:

John Remfry, the chief executive of Australian oil float Essential Petroleum Resources, believes that the Australian oil industry is suffering because there has been no significant oil discovery in that area for more than 10 years. Essential is trying to break away from risk-aversion with a new geological model for exploring oil in the Otway Basin between South Australia and Victoria.

Australia, Innovations, Testing, Petroleum industry, Geological research, Essential Petroleum Resources

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Reading the cards

Article Abstract:

Former National Australia Bank managing director Don Argus said credit card companies act as if they were not accountable to anyone and compete with the banks they are supposed to support. Visa and Mastercard spend $500 mil on advertising in the US annually. Australians spend $4 bil a month on credit card purchases.

Economic aspects, MasterCard International Inc., Credit and debit card industry, Credit card industry, Visa Inc.

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That's entertainment

Article Abstract:

Sky City's chief executive Evan Davies prefers his firm to be classified as entertainment rather than gambling and is hoping a medium-term strategy will help it overcome difficult economic conditions in Australia in 2001.

Beliefs, opinions and attitudes, Gambling industry, Davies, Evan, Sky City

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