Skip to comments.Up to 233 billion barrels of oil discovered in southern Australia
Posted on 01/24/2013 11:24:52 AM PST by Ernest_at_the_Beach
From the Telegraph:
The discovery in central Australia was reported by Linc Energy to the stock exchange and was based on two consultants reports, though it is not yet known how commercially viable it will be to access the oil.
The reports estimated the companys 16 million acres of land in the Arckaringa Basin in South Australia contain between 133 billion and 233 billion barrels of shale oil trapped in the regions rocks.
The find was likened to the Bakken and Eagle Ford shale oil projects in the US, which have resulted in massive outflows and have led to predictions that the US could overtake Saudi Arabia as the worlds largest oil producer as soon as this year.
WUWT reader John V. Wright in his Tip and Notes submission writes:
This is a huge problem for PM Gillard. No one lives out there so all the usual garbage about shale oil extraction causing earthquakes and threatening peoples home will not wash. So now she has got to get thinking how can I put the kibosh on this fantastic energy windfall for Australia without it being completely obvious that I am only interested in squeezing every last green tax dollar out of the idiots who voted for me last time?
Australian Greenies may have a problem stopping this .
Maybe there a some Camels down there....or those Wild Dogs?
Probably the habitat of the few original native creatures left there that haven’t been displaced by some idiots wild idea to screw with the ecosystem to their benefit.
“This is a huge problem for PM Gillard. No one lives out there so ....”
Wrong! The fact that “no one” lives there won’t stop the greens from opposing the development. They can take a page from the Canadian greenies’ playbook. (The GABA is a hot, dry version of Canada’s Arctic.) Development in built-up areas is bad, because people live there. Development in remote northern regions is bad, because (almost) no one lives there. It’s a pristine wilderness, and we must not violate the sanctity of a pristine wilderness.
I would hope the world oil price futures go to $10 BBL......
“Question, is there enough water in areas of Australia?
In other news, Dictator Obama the First, your Dear Leader, has annexed Australia and declared the oil fields discovered therein as a National Park, and demands you never speak of it again. All Hail!!
PM Gillard should study the American SW. There, the EPA uses “native grasses” and sand lizards as a means to slow down or actually halt production.
Then again, there may be an Aussie version of the sage grouse which has been used throughout the Rocky Mountains, in addition to the prarie chicken.
There is a never ending group of scarce animals/reptiles/plants, etc., that have been used throughout the US, by the EPA, to either halt of slow down production.-——BASTARDS
I agree with you!...pureSOB's.
But Lisa jackson is leaving ....And Dr. Chou at the DOE...alos i heard.
Shouldn’t be any problem developing this site - about the only thing I can think of that’s more desolate would be the Arctic National Wildlife Refuge . . . oh, wait a second there . . .
Coober Pedy golf course
Water could be a problem, although it is possible to use salt water for fracking purposes. If the area is a wasteland then it won’t be a huge problem. In terms of getting water to support the towns that will spring up around the new industry, all they’d have to do is build a few nuclear power plants and go big on desalination of sea water.
The rare Australian Oomie-Goomie bird’s habitat is threatened!...............
-— the US could overtake Saudi Arabia as the worlds largest oil producer as soon as this year. -—
Photo: Oil explorations in the Arckaringa Basin in South Australia's far north. (Linc Energy)
The Oomie-Goomie Bird:
The oomie-goomie bird has balls that hang down 14 inches. Unfortunately, his legs are only 12
inches long, and whenever he comes in to land, you can hear him cry, “Oooh, me goomies. Oooh,
I have seen lots of country in the USA that looks just like that,
Kangaroos in the Painted Desert, near Arckaringa, South Australian Desert Region.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.