Category: Books
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Trillion Dollar Baby review by Flavio Menezes
The Conversation In the midst of the debate around whether Australia is correctly taxing miners, Paul Cleary provides a well-researched and written account of Norway’s approach to the development of its oil resources since the 1960s in his book Trillion Dollar Baby. Cleary ties together a number of threads that are surprisingly relevant for many…
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Sovereign fund fail
Trillion Dollar Baby review by Chris Fowler, Canberra Times I have been reflecting on the squandered opportunities by successive governments over the past 20 or so years [or more] to establish a sovereign wealth fund similar to that of Norway. Others have written and spoken about it to little avail, notably Paul Cleary (in his…
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Norway resources: The good oil on a trillion dollar miracle
Trillion Dollar Baby review by Simon Caterson, The Australian So, how did the government of a relatively remote European nation, with a population of a few million and a traditional reliance on primary industries such as forestry and fishing, manage to establish what has grown to become the largest sovereign wealth fund in the world? …
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Norway’s billion dollar Rockefeller lesson
The Australian How a Kansas master’s degree helped shape the Norwegian oil and gas industry When Norwegian economist Arve Johnsen undertook a master’s degree on a Fulbright scholarship in 1959-60, his country was making a modest living from fishing, forestry and shipping. Norway‘s per capita income was in line with that of Greece. Following the…
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Interview with The Inc Blot
For Mine-Field We interview Paul Cleary about his new book Mine-Field: The Dark Side of Australia’s Resources Rush. What is Mine-Field about?This book documents the rising power of the resurgent resources sector and the need for the government to play a more vigorous and independent role in protecting people and the public interest, especially prime…
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Living on luck
Too Much Luck review by Michael Gilding, Inside Story This is a slim book about a big issue. Paul Cleary believes that the current mining boom in Australia is a national disaster in the making. We are destroying the rest of the economy. We are squandering the windfall on private consumption. We are stealing the…
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Oil comes between helpful neighbours
Shakedown review by Tim Johnston, The Australian The exercise of power is rarely a pretty thing to watch; but there is something particularly ugly in watching the inept exercise of power. Australia’s engagement with East Timor during the past 70 years has been a bewildering mixture of crude realpolitik and enlightened assistance. The jury is…
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Shakedown review by Jeff Kingston
Far Eastern Economic In late 2006 while walking home one starry night, stupidly ignoring warnings about the dangers on Dili’s streets after dark, I was accosted by several youths who asked in menacing tones if I was Australian. I set them straight and they let me pass, making me wonder just how many places in…
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Shakedown review by Jill Jolliffe
Australian Book Review East Timor’s former Prime Minister Mari Alkatiri has a knack of hiring international advisers who win access to his inner circle then publish tell-all books on leaving his employ. First there was Lynne Minion, whose Hello Missus: A Girl’s Own Guide to Foreign Affairs (2004) lampooned him mercilessly and sold like hot…
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Shakedown review by Vannessa Hearman
Green Left Weekly This is a story about how Australia bullied East Timor out of its rightful share of oil and gas resources in the Timor Sea. Paul Cleary, a journalist for the Australian newspaper, was a media adviser with the Timor Sea Office during the bilateral negotiations. The negotiations are set in the context…