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Old 01-14-2014, 09:55 AM
 
Location: Michigan
29,297 posts, read 52,927,868 times
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Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into a new Saudi Arabia.

Trillions of dollars worth of oil found in Australian outback - Telegraph
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Old 01-14-2014, 10:00 AM
 
79,834 posts, read 41,215,385 times
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Peak oil baby.
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Old 01-14-2014, 10:15 AM
 
Location: planet octupulous is nearing earths atmosphere
13,620 posts, read 12,191,704 times
Reputation: 20043
shale oil.. not like Saudi Arabia's sweet crude, but still good for the Australia..
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Old 01-14-2014, 10:33 AM
 
Location: Philadelphia
12,001 posts, read 12,095,841 times
Reputation: 8314
Sure, just keep FRACKING away at The Earth to get the last drops of an outdated energy source....I'm prettty sure we'll be fine even if our kids aren't.
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Old 01-14-2014, 10:42 AM
 
14,295 posts, read 9,233,877 times
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Quote:
Originally Posted by 2e1m5a View Post
Sure, just keep FRACKING away at The Earth to get the last drops of an outdated energy source....I'm prettty sure we'll be fine even if our kids aren't.
You think fossil fuels are outdated? What replacement do you think we have found?
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Old 01-14-2014, 10:43 AM
 
27,310 posts, read 15,222,627 times
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Originally Posted by pknopp View Post
Peak oil baby.
No such thing.
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Old 01-14-2014, 10:44 AM
 
Location: Florida
73,512 posts, read 42,774,474 times
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Quote:
Originally Posted by John1960 View Post
Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into a new Saudi Arabia.

Trillions of dollars worth of oil found in Australian outback - Telegraph
Nice. Go Aussie!! So, US will be #1 producer, and Australia is not too far behind. I prefer that scenario opposed to the mid-east dominance.
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Old 01-14-2014, 10:45 AM
 
Location: San Francisco
9,031 posts, read 9,921,971 times
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Great news for China.
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Old 01-14-2014, 10:46 AM
 
14,295 posts, read 9,233,877 times
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Quote:
Originally Posted by Finn_Jarber View Post
Nice. Go Aussie!! So, US will be #1 producer, and Australia is not too far behind. I prefer that scenario opposed to the mid-east dominance.
More competition should lead to lower prices, but there will be lots of pressure to keep oil at these inflated prices.
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Old 01-14-2014, 10:49 AM
 
Location: Philadelphia
12,001 posts, read 12,095,841 times
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Originally Posted by OICU812 View Post
You think fossil fuels are outdated? What replacement do you think we have found?
Any real effort at replacement is obstructed. Look up Nikola Tesla.
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