The 5 Rs: Royalties Raised. Report Recomendations Rejected.
Whenever a politician compromises like this, it will either be seen as a brilliant tactical move, or he'll be attacked for indecision on all sides. Honestly, I have no idea how this one will be spun and, really, it's all about the spin now. I would have personally liked to have seen the entire report implemented since that's what the experts recommended. Andrew Coyne has a non-conventional alternative for anyone interested in the topic of royalty rates (and who isn't interested in that topic?). Another outside the box idea I really liked was to bring in a carbon tax equivalent to the total royalty rise (1.4 billion...2 billion...whatever number you want) so that there's an incentive for the oil industry to become more environmentally efficient.
As for the decision (or non-decision)? Historians will either be calling this the "pension moment" that saved Stelmach's government or the beginning of the end of a 36 year dynasty. And without the results of the next election in front of me, I'm really hesitant to predict which way it will play.