zamunda Posted January 23, 2013 Report Share Posted January 23, 2013 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.read more.......http://www.adelaidenow.com.au/news/south-australia/trillion-shale-oil-find-surrounding-coober-pedy-can-fuel-australia/story-e6frea83-1226560401043 Quote Link to comment Share on other sites More sharing options...
MandC Posted January 23, 2013 Report Share Posted January 23, 2013 Wow! That is interesting Quote Link to comment Share on other sites More sharing options...
21yearsoutofrsa Posted January 23, 2013 Report Share Posted January 23, 2013 More fossil fuels. The Greens will loooooove that. Quote Link to comment Share on other sites More sharing options...
Stevie23 Posted January 24, 2013 Report Share Posted January 24, 2013 So should we expect an influx of US troops into Australia? 2 Quote Link to comment Share on other sites More sharing options...
Search Posted January 24, 2013 Report Share Posted January 24, 2013 Who owns that land....???? Quote Link to comment Share on other sites More sharing options...
Joeemm Posted January 24, 2013 Report Share Posted January 24, 2013 More finds like this could break the OPEC strangle hold on the Oil Industry, more supply should mean lower pirces - so probably a good thing. Not a perfect solution, but an important find none the less Quote Link to comment Share on other sites More sharing options...
OubaasDik Posted January 24, 2013 Report Share Posted January 24, 2013 Good luck on getting that drilled with the Greenies around .... take at least 30 years to get the licences and permissions. Quote Link to comment Share on other sites More sharing options...
AndreaL Posted January 24, 2013 Report Share Posted January 24, 2013 Native title, EIA's and SIMP's take ages. Quote Link to comment Share on other sites More sharing options...
Sunnyskies Posted January 24, 2013 Report Share Posted January 24, 2013 They will work out that the oil field is so large that it is best to not tap it, ala Olympic Dam! Quote Link to comment Share on other sites More sharing options...
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