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Science & Technology
$20 trillion shale oil find surrounding Coober Pedy 'can fuel Australia'
2013-01-24
The Wests reliance on blackmailing ME oil ticks keeps decreasing.
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.
Posted by:tipper

#9  That sound you're hearing is Mama Russia saying "PFFFFTTT, I'M N-O-T IMPRESSED"???

To wit,

* DEFENCE.PK/FORUMS > RUSSIAN SHALE OIL RESERVES MAY BE ENOUGH TO TO FEED THE WORLD FOR 64 YEARS.

---------

OTOH, wid all this talk about "shale oil", i.e. oil that is at or near the surface of the earth as opposed to "deep oil", THE QUESTION MUST AGAIN BE ASKED HOW LONG BEFORE THE US-WORLD CAN RELY ONCE MORE ON "DEEP OIL" PRODUCTION???

Perhaps more succintly, as per the "ABIOTIC OIL THEORY", HOW LONG MUST WORLD GOVTS-STATES = HUMANITY WAIT BEFORE MAMA EARTH CAN NATURALLY REPLENISH ITS NON-SHALE "DEEP OIL" RESERVES TO BE USED AGAIN IN CHEAP FOR HUMAN ACTIVITIES, AS PER AT CURRENT, FUTURE RATES-OF-DEMAND???

Lest we fergit, OWG-NWO = ORGANIZING EARTH'S GOVTS + RESOURCES FOR PURPOSES OF DEEP SPACE EXPLORATION + COLONIZATION [SUN = SOLAR ISSUES INCLUD GWCC nothwithstanding].
Posted by: JosephMendiola   2013-01-25 00:03  

#8  They don't call Australia "The Lucky Country" for nothing.
Posted by: Zhang Fei   2013-01-24 20:04  

#7  Coober Pedy?
I think that's near the Purdy Spackle Formation.
Posted by: Shipman   2013-01-24 15:50  

#6  Coober Pedy?
Just don't mess with the Opals!!!!!!!

My bet is that this will be the threatened resource that the antis will be trying to protect there.
Posted by: AlanC   2013-01-24 14:48  

#5  I would like to see every continent discover that they are sitting massive deposits of gas and oil. All available by fracking.

Let the Saudi oil ticks eat sand and enjoy their Islam in poverty.
Posted by: Vespasian Noodleman5308   2013-01-24 14:04  

#4  We will NEVER run out of BS.
Posted by: Rob Crawford   2013-01-24 12:49  

#3  Chicoms and Indians got to be wondering what they are sitting on. And so far we have ignored 70 % of the earth's surface. I'm starting to worry about Peak Bullshit.
Posted by: Nimble Spemble   2013-01-24 12:26  

#2  It sucks to be the people who work in the industry more than it sucks to be him. He gets to take credit for stuff we worked on for twenty-five years while guys like him were nickel-and-diming the industry to death.
Posted by: Thing From Snowy Mountain   2013-01-24 12:13  

#1  It must suck to be Champ. The first president in maybe 30 years who isn't talking about energy independence, and he's the one sitting in the Oval Office when it becomes a reality.
Posted by: Iblis   2013-01-24 10:51  

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