Looks like folks are going to have to get used to Australian beer and women.
And the underlying geology of the region.
Posted on 09/20/2024 5:16:57 AM PDT by Red Badger
Drill it out and burn it before it leaks into the Air ,LOL
Remember in the Jimmy Carter days we were almost out of Oil and Gas . They found out then they could lie like crazy
From BRAVE AI:
China’s Natural Gas Imports
Yes, China imports natural gas. According to the search results, China has been increasing its natural gas imports to meet its growing energy demand. In 2021, China’s total natural gas imports rose 20% year-on-year, with pipeline gas imports rising more than 22% and LNG imports growing more than 18% year-on-year. China has become the largest natural gas importer in the world, surpassing Japan in 2021.
China sources its natural gas imports primarily from Russia, Kazakhstan, and other countries. In 2021, China imported 898,182 metric tons of pipeline gas from Russia in December alone, a 24.3% year-on-year increase. Additionally, China has agreements with CNPC to increase natural gas imports from Russia via the Power of Siberia pipeline to 43 million cubic meters per day by the end of 2021.
Despite increasing domestic production, China’s reliance on gas imports continues to grow, making it the world’s largest importer of natural gas. This trend is expected to continue as China’s energy demand remains strong.
They always knew they could, they just got more bolder with them....................
I remember that...
20 years and we were going to be out of energy.
I remember Jimmy Carter literature. “We have 200 years of coal left!”
That “200 years” lasted until Clinton.
every week or so, I read a story about researchers finding enough oil, gas or lithium to provide energy for the next eleventy-gabillion years but the Saudi Arabians still drive solid gold race cars and gas is about $4/ gallon
++++++++++
28000 km = 17400 miles
The earth is 25000 miles in circumference
There is either a decimal point error in the 28K number or this basin is the size of 75% of the earth.
My bad. Further down in article the units are changed to 28,000 km²
Probably square kilometers.
Did they check to see if it’s sacred Aboriginal land?
“...28,000 square kilometres – almost the size of Belgium....”
They get a cut..............
Maybe Midnight Oil will do a song about it.
Stop endangering the roos and Go Green!
Looks like folks are going to have to get used to Australian beer and women.
And the underlying geology of the region.
There is indeed a giant LNG terminal being built.
At $70/bbl today, the price of oil is actually pretty low compared to historical prices, due to the devaluation of the dollar.
There is plenty of oil to be used. It’s just expensive to get it.
What is happening is cheap oil is running low.
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