SANTOS boss David Knox is obviously finding it surprisingly easy not to panic. But it is hard to see how that can be, given his $US16 billion ($15.4bn) Queensland coal-seam dream has been encircled by an increasingly unpredictable political firestorm while, to the distant north, another $US2.1bn bet on a more conventional gas has been infected by sovereign risk courtesy of PNG's new mining minister.
Such is life in a resources boom: the natural partner of the rising profits and big-ticket capital investment being generated by Asian demand for raw materials seems to be festering community anxiety over the changes being wrought by success and a debilitating outbreak of political opportunism that ranges well beyond Australian shores. Read More
The Australian
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