Mineral rich Australia may contain world's next major oil find

Tuesday, July 23rd 2013 - 14:54 UTC

Full article 12 comments

By John C.K. Daly of Oilprice.com - Australia's massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely. Read full article

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Klingon
And what about the environment? Guess they forgot that part in their reports.
Jul 23rd, 2013 - 04:35 pm - Link - Report abuse 0
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Heisenbergcontext
This is a pretty old story and I'm surprised to see it turning up in MercoPress. Still I laugh at the idea of Coober Pedy turning into a major oil centre - such a tiny little place, and brutally hot in summer. And Tom Koutsantonis will be amused at his description.
Jul 23rd, 2013 - 04:37 pm - Link - Report abuse 0
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Think
(2) Heisenbergcontext

Pretty old indeed but still a quite positive story......
Not like this dude's gloom...:
http://www.bloomberg.com/news/2013-06-27/here-s-the-real-crisis-in-australia.html

Anyhow....
Now that you have decided to comment on Federal Aussie matters, I hope you are better prepared for Ozzie Anglolatino's wrath........
He doesn't like any smart comments from the Western Australia Colony ;-)
Jul 23rd, 2013 - 05:11 pm - Link - Report abuse 0
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Heisenbergcontext
@4 Think

That's a pretty accurate article as far as I can tell. There's been an underlying anxiety for years in this country about how long this mining boom was going to last and now it seems the bloom is finally off. The good thing is the Aussie dollar is finally starting to come down - our manufacturing sector took a big hit when the dollar was stronger than the U.S. equivalent.

This story could be good news, but the first comment ( 1 ) has a point - environment issues could well be a concern and whilst I don't claim to be a fracking expert I understand that extracting the stuff could be ... challenging.

Not sure what you meant by W.A. colony - I live in S.A. - but Western Australia does have a problem with the rest of the country. Every now and again they threaten ( not very seriously ) to secede while the rest of the country smirks.
Jul 23rd, 2013 - 05:42 pm - Link - Report abuse 0
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aussie sunshine
To hell with the environment....where are the petrol dollars!!
Jul 23rd, 2013 - 06:18 pm - Link - Report abuse 0
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Klingon
(Accordingly, Adelaide had better upgrade its airport to handle all those energy company corporate jets that may well be visiting soon. )

Best they upgrade the hospitals and water plants to deal with the aftermath. @5 You can use your petrol dollars to buy imported water.
Jul 23rd, 2013 - 07:11 pm - Link - Report abuse 0
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Think
TWIMC

I can see that the “Environment” of the Aussie Coober Pedy Shale Oil Bassin Area looks disturbingly similar to the Argie Vaca Muerta Shale Oil Bassin Area .....;-)))

http://www.delsjourney.com/images/news/news_02-03-08/2-2699_Australian_Dog_Fence.jpg

http://www.delsjourney.com/images/news/news_02-03-08/2-2699_Australian_Dog_Fence.jpg

http://www.delsjourney.com/images/news/news_02-03-08/2-2699_Australian_Dog_Fence.jpg

And, last but not least the scenic wiew....:

http://www.delsjourney.com/images/news/news_02-03-08/2-2699_Australian_Dog_Fence.jpg
Jul 23rd, 2013 - 07:11 pm - Link - Report abuse 0
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Heisenbergcontext
@5 Aussie Sunshine ( wtf? )

Go away.

@6 Klingon:

Already taken care of. We just built a desalination plant. Contentious and expensive. But still. And hospital upgrades on the way.

@7 Think:

Yep that's Coober Pedy! Made me feel all nostalgic. Sigh...I miss the Bush...
Jul 24th, 2013 - 03:22 am - Link - Report abuse 0
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Think
@ 8

What Bush ?
;-)))))))))))
Jul 24th, 2013 - 04:30 am - Link - Report abuse 0
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Heisenbergcontext
@ 9:

What you foreigners like to call the outback. Not 'shrub jr', if that's what you thought I was inferring.
Jul 24th, 2013 - 04:44 am - Link - Report abuse 0
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ChrisR
4 Heisenbergcontext

You lucky man!

My wife and I were going to be self-funded retirees on the latest scheme until The Cunt Brown crashed the UK economy and thieved half of our net wealth in the process. Couldn't afford the ante after that. As it turns out the Labour pillocks in Oz were no better than the twats in the UK.

We were going to settle in Kadina, on The Leg and were bitterly disappointed when we had to knock it on the head. Great people, very welcoming and you drive on the left AND you speak English (sort of!).

So I looked along the 39th parallel and eventually came to Uruguay: great people, very welcoming, but drive on the right which my wife finds a chore and they speak Espanol (which is starting to gel at last).

Still, it could have been worse we could be argies! Ha, ha, ha. :o)
Jul 24th, 2013 - 05:55 pm - Link - Report abuse 0
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Heisenbergcontext
@11 ChrisR:

Yep we have our own form of English here - it's called Strine.
Jul 25th, 2013 - 04:54 am - Link - Report abuse 0
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