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Analysis: A silver lining around the gloom

It’s hard to be an optimist on the day BHP Billiton starts culling its WA iron ore workforce, and the International Monetary Fund publishes a downbeat outlook of the global economy, but as with all forecasts if you look closely a silver lining can be spotted.

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Perth
Guys ! Do some more research and you'll see that despite the correction in iron ore (and coal) prices etc, there is a massive growth in demand for LNG. Check out those stats and look at committed (and forecast) capital for LNG projects (brown and green fields) and the picture's not quite as bleak for WA especially ! LNG is our 'new' future now, not so much iron ore. Swings and roundabouts people. What is killing our economy is the unreasonable lack of confidence of the sheeple population here. Probs cos they keep getting fed a strict diet of bad media fodder by the agenda driven press ! How about a well researched article on LNG huh ?

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