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Because capital and infrastructure is harder to find than coal and iron. What gubmint do you know that has admitted "peak oil" yet? No way have we hit "peak coal". Emotive claptrap.

Remember, Chipp Goodyear, a past CEO of BHP, says it's beyond him and I am a long way from where he is. :) It's the order they are paid that is important. A new mine starts paying royalties from the first ton dug, regardless of profit/loss and typically it takes a new mine a couple of years...

'Tis 40% over and above their company tax obligations, AFTER state royalties but BEFORE financing costs. A new mine must pay royalties on the first ton of ore dug with no consideration of profitability. Edit: but BEFORE financing costs. This is as if they taxed your rental income without...

Not so sure. Socialism is a heady narcotic for the great unwashed. France and Italy (I must've missed Greece :)) have been socialist since soon after the war. Young, dynamic nations such as the US, Aus and Can were immune but as the political systems age those with their hand out outnumber...

At least the Liverpool Plains will be protected from the coal miners. :D