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Community Forum · Est. 2006
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#1
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01-23-2013, 01:13 PM
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| So Fucking Banned Poster Rank:128 Join Date: Sep 2009 Posts: 12,826 12,826Posts 11,300Thanked 2,350Quoted 17Mentioned 0Contrib. |
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$20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
http://mobile.news.com.au/business/c...-1226560401043 SOUTH Australia is sitting on oil potentially worth more than $20 trillion, independent reports claim - enough to turn Australia into a self-sufficient fuel producer. Brisbane company Linc Energy yesterday released two reports, based on drilling and seismic exploration, estimating the amount of oil in the as yet untapped Arckaringa Basin surrounding Coober Pedy ranging from 3.5 billion to 233 billion barrels of oil. At the higher end, this would be "several times bigger than all of the oil in Australia", Linc managing director Peter Bond said. This has the potential to turn Australia from an oil importer to an oil exporter. "If it comes in the way the reports are suggesting, it could well and truly bring Australia back to (oil) self-sufficiency," Mr Bond said. State Mineral Resources Development Minister Tom Koutsantonis said there were exciting times ahead for SA's resources industry. "Shale gas and shale oil will be a key part to securing Australia's energy security now and into the future," he said.  |
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#2
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01-23-2013, 03:15 PM
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 ✝Mudderator from Hell✝ Poster Rank:10 e-mail Join Date: Oct 2006 Posts: 97,096
Contributions: 908
97,096Posts 546,506Thanked 10,416Quoted 481Mentioned 908Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
great, more pollution.
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#3
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01-23-2013, 11:00 PM
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 Captain of a Sinking Ship Poster Rank:1217 Join Date: Jan 2012 Posts: 523
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523Posts 755Thanked 53Quoted 1Mentioned 16Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
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#4
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01-23-2013, 11:47 PM
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 Born in the USA Poster Rank:127 100% female Join Date: Jul 2012 Posts: 12,867
Contributions: 1
12,867Posts 9,961Thanked 1,799Quoted 81Mentioned 1Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
Australia, this be very good for your economy & very bad for your ecosystem. What are your feelings??
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#6
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01-24-2013, 02:05 AM
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 My Rank: LANCE CORPORAL Poster Rank:1873 Male Join Date: May 2011 Posts: 275 275Posts 191Thanked 23Quoted 0Mentioned 0Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
Lets do the right thing for once. Instead of invading them to steal their oil, we should invade them to steal their unique wildlife. Or invade them to protect their wildlife? I don't know. Not stealing seems a bit too counterintuitive. Either way, lets make sure they don't murder their ecosystem for something thats bad for the world
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#8
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01-24-2013, 04:17 AM
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 My Rank: LANCE CORPORAL Poster Rank:1801 Join Date: Aug 2011 Posts: 290 290Posts 214Thanked 0Quoted 0Mentioned 0Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
And they'll probably raise our petrol prices instead of reduce them.
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#9
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01-24-2013, 06:12 AM
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 My Rank: SECOND LIEUTENANT Poster Rank:260 definately female Join Date: Aug 2009 Posts: 5,471
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5,471Posts 3,404Thanked 64Quoted 0Mentioned 18Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
Congrats, Australia!  |
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#10
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01-24-2013, 09:48 AM
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| My Rank: LANCE CORPORAL Poster Rank:2784 Join Date: Apr 2010 Posts: 146 146Posts 103Thanked 10Quoted 0Mentioned 0Contrib. |
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Re: $20 Trillion Oil Basin Discovered in Australia Set to Turn the Country from Importer
Waits for america to invade us for suspected weapons of mass destruction.
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