Posted on 12/03/2013 2:48:33 AM PST by 2ndDivisionVet
It's right at their fingertips in the South China Sea........
I can't wait until we figure out a way to produce limitless, non-polluting energy, so that we know how liberals will try to stop us from doing so. They're going to have to get really creative with it.
In 1969 they said we’d be out of oil by 1980. I say we’d better be using it up fast or we’ll be drowned by 2020.
Ping
Texas Tea...
If you go to a real news source, instead a blog, you find Linc reported it differently. The blog tries to confuse oil in place with recoverable amounts, very different values in shale formations.
The reports estimated the company’s 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 region’s rocks.
It is likely however that just 3.5 billion barrels, worth almost $359 billion (£227 billion) at today’s oil price, will be able to be recovered.
- - - - - - -
http://www.abc.net.au/news/2013-01-24/major-oil-discovery-in-outback-sa/4481982
The company says up to 233 billion barrels of oil are estimated to be trapped in the shale.
Chief executive Peter Bond says even if the amount of retrievable oil is well below that, the discovery is still “bigger than the Cooper Basin and Bass Strait combined”.
“If you stress test it right down and you only took the very sweetest spots in the absolute known areas and you do nothing else, it’s about 3.5 billion [barrels] and that’s sort of worse-case scenario,” he said.
1955 - ‘56?
That is near the largest cattle ranch in the world Anna Creek Station. 6 million acres.
Puts the US national debt in perspective.
The hard top version of one of those saved my butt in 1968. I was hit head on sitting at a light with both feet on the big brake petal. Then I saw it coming. The next thing I know my forehead bounced off the steering wheel my wire rim glasses were hanging by one ear and all I could see in front of me was a wall of green. I pushed out the passenger side and checked my parts. I was giddy because my body didn't have a dent. The front bumper was driven back over the tires. There wasn't a seat belt to be found in that car.
If “the” came South now, Australia would be a push over as they now have no guns in private hands to fight back with.
***Why does that Nip have a Tommy gun?***
Captured from the Brits when the Japs over run Hong Kong, and Singapore.
OK, just guessing.
Thanks. Glad you straightened that out.
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