Wikipedia defines the law, popularised by American sociologist Merton as follows:
....Yet mothballing four years of work implies Australia has become too expensive a destination for big greenfield development. The industry will be watching what happens next with interest because many of the biggest projects are almost as costly. ...Analysts previously estimated that floating LNG could take $9bn off the $40bn-plus cost of Browse. Nice.. (here)
Unprofitable projects means asset sales:
that an intervention in a complex system tends to create unanticipated and often undesirable outcomes..(here)This is being seen in Australia. Deutsche Bank's efforts to assist Sri Lankans affected by the 2004 Tsunami have resulted in firm-branded boats entering Australian waters carrying the 'Lankans seeking refugee status (only for the boat and occupants to be detained upon reaching Australia) (here). Similarly and more expectedly, the boom in commodities and in particular the labour costs for Ozzie workers and new infrastructure costs are crippling big Ozzie projects, including the offshore Browse LNG field:
....Yet mothballing four years of work implies Australia has become too expensive a destination for big greenfield development. The industry will be watching what happens next with interest because many of the biggest projects are almost as costly. ...Analysts previously estimated that floating LNG could take $9bn off the $40bn-plus cost of Browse. Nice.. (here)
Unprofitable projects means asset sales:
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