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Old 01-28-2013, 09:53 PM
 
Location: Vallejo
16,235 posts, read 18,187,819 times
Reputation: 14483

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Quote:
Originally Posted by MsAnnThrope View Post
This is kind of exciting. According to the experts, we could be talking "Saudi Arabia size" deposits, and we all know how rich the Saudis are!

At the very least this should bring renewed investment to my state which has been struggling a bit for the last few years.

Absolutely fantastic news, largely ignored by Joe Public..here in SA, at least.



Major oil discovery in outback SA - ABC News (Australian Broadcasting Corporation)
Which would those be? Averaged out, oil makes the country about half as wealthy as the U.S. Of course, it's not averaged out, part of why the Saudi government doesn't publish any statistics on how well-off the average Saudi is. Actually, they arrest people for posting Youtube videos on that particularly subject quite quickly.
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Old 01-28-2013, 09:55 PM
 
Location: Vallejo
16,235 posts, read 18,187,819 times
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Quote:
Originally Posted by NJBest View Post
Hydraulic fracturing techniques aren't like element mining techniques. There is a significant environmental impact of fracking. The latest technologies mitigate pollution while maximizing output. I believe there is very limited use of the latest techniques in fracking around the world. Primarily be the U.S.
I'm sure we could go in and run Australia's oil extraction economy just like we do Saudi Arabia's =D
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Old 01-29-2013, 05:46 PM
 
19,276 posts, read 25,723,388 times
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Black gold, texas tea...
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Old 01-29-2013, 08:38 PM
 
Location: Here.
15,454 posts, read 14,016,181 times
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Hope you don't have Obamas over there. You may never see it.
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Old 02-18-2013, 02:14 AM
 
Location: Someplace Wonderful
5,178 posts, read 4,169,489 times
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Quote:
Originally Posted by MrRational View Post
ooooohhhhh...... fracking...... the gift of Satan...........

The anti energy eviros say "no" at every opportunity. I can imagine what the anti-energy folk were saying about fire, the wheel, and burial beneath the ground.

The anti energy folk oppose hydro, nuclear, coal, and gas production of electricity.

Sigh
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Old 02-22-2013, 03:35 AM
 
621 posts, read 595,030 times
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Quote:
Originally Posted by RyanR View Post
MsAnnThrope - Congrats to SA for getting this find!!!



Each should make up their own mind on the subject, using A LOT more references then Wiki.
Oil is oil shale isn't as cheap as oil but it still has potential. Much more labor intensive. (Meaning jobs)
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Old 02-28-2013, 06:11 PM
 
9,840 posts, read 20,485,232 times
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Due to most of this being in a very remote region and there isn't much infrastructure in Australia to support it, I don't see it really happening for decades, maybe even longer.
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Old 02-28-2013, 06:18 PM
 
5,548 posts, read 7,193,983 times
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Good for Australia

hope it works out
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Old 02-28-2013, 06:22 PM
 
621 posts, read 595,030 times
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It should in the long term
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Old 03-01-2013, 03:45 AM
 
4,441 posts, read 3,187,535 times
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The US, Canada and Australia are poised to become major energy exporters in the coming decades. Particularly LNG to Asia and Europe.

http://www.stratfor.com/weekly/geopo...30c62a1798e60d

http://blogs.the-american-interest.c...sian-gas-wars/

Of course we need both energy and a safe ecosystem. Some would lead us to believe only one or the other is important.

Last edited by shaker281; 03-01-2013 at 03:55 AM..
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