When CHEAP OIL is over, Forecast to start in 2008, we will see a world wide depression, see http://www.lifeaftertheoilcrash.net/
When this occurs the FULL force of the Laws will occur.
Unfortunetly, I do believe the Labour Party will gain control of both Houses of the Federal Parliment in the next election. If they do, that will be excellent. If they don't, we will have the Laws for a LONG time. So, we MUST find new innovative ways to make the IR Laws in operative. Can anyone make a CONSTRUCIVE suggestion.
This was a reply to my unfair dismissal entry of long ago, referenced due to the new IR laws coming in. As far as cheap oil is concerned, I confidently predict a fragmentation of the market, absolutely no economic depression, but a gradual uptake of competing alternatives to oil. I also confidently predict that the good effects of these IR laws will become obvious by the next election, meaning Labor might not even get in. The fear will evaporate with the pre-election optimistic vote-buying goodies always on offer on election years. These are my dated and confident predictions, fearmongering will recommence after the next election :-).