Brisbane company Linc Energy says independent studies have confirmed a major shale oil source in South Australia's far north, which officials have estimated could be worth $20 trillion.

I'm thinking we should keep the oil, if it is there, for us. Get the field up and running then stop importing.

Of course we'll probably get invaded by the US so they can get the oil.....


http://www.abc.net.au/news/2013-01-24/major-oil-discovery-in-outback-sa/4481982

Crude oil > shale oil. Still a pretty sweet find though. I hope I did that greater than symbol correctly.

Here is the man for the job

either way, it seems to be under the Artesian basin, and with fracking still a rather unknown, is it worth the risk at this point

water is more valuable than oil for this land

if only it was a $20trillion rice deposit
heat that shit up and double your profits

As long as there is enough to go around for my life time

shamelessly stolen from reddit

Torn between "Fuck yeah, local economy" and "Fuck no, there's already more extracted carbon fuel in reserve than scientists say will put us into catastrophic warming if burned."

fuck south australia, lets drill the barrier reef and all get rich already.

then with the profits, we can just buy a reef from china or something.

Hey Spook you know LINC Energy's primary goal is to commercialise converting Coal seam gas to liquids i.e. deisel fuels and aviaion fuel which is a green alternative with very little environmental impact compared to CSG but Anna Bligh (your buddy) and her Husband blocked commercialisation in Queensland until after the election and now the LNP have had to start over again and Campbell is busy swinging his axe to care about alternative fuels.

hmmmm, anyone else find it interesting that today Gillard visits the DSD centre in Canberra and announces "that the Government would be establishing a new cyber security centre by the end of the year."

hmmmm, anyone else find it interesting that today Gillard visits the DSD centre in Canberra and announces "that the Government would be establishing a new cyber security centre by the end of the year."

to protect the childrens from internet predatorez

if only it was a $20trillion rice depositheat that shit up and double your profits

fuckin lol

If aliens did visit us, I'd be embarrassed to tell them we still dig fossil fuels from the ground as a source of energy.
— Neil deGrasse Tyson

I thought there was a larger strategic shift to shale oil taking place? Certainly seen some stuff from BP about it, and it's been a big part of Obama's policies... the US has massive shale reserves.

For a 'science communicator' this dude sure says some dumb shit.Fossil fuels are what we have at this stage in human evolution and any alien species that evolved (ie. wasn't handed technology by god or whatever they call him) would have undergone a similar progression to reach whatever they hypothetically would have to use to power such long range travel.So be embarrassed by shit like our utter failing as enlightened beings, ignoring suffering in the world in favor of a buck. We should be investing more in alternative energy sources but we also have to live in reality.

I think that he was suggesting that we could do far better without stabbing ourselves in the foot, but simply aren't making a significant effort to, due to a lack of capability for coordinating long-term preemptive action within our species even when the danger is clear.

ORLY twisted ?
http://www.thegwpf.org/chinas-great-green-energy-disaster/

A lot of AGW fans like to claim China is leading the World in renewable energy when in fact almost all of that comes from their Dams. more than half the Worlds Hydro Dams are in China !

For a 'science communicator' this dude sure says some dumb shit.

He believes in AGW, he must be a Man of Science !

Better watch out or america will free the shit out of us

haha

A lot of AGW fans like to claim China is leading the World in renewable energy

China is far from leading the world in renewable energy. That's just crazy talk.

Capacity is a vague word.

Tell you what's vague, articles which deliberately distort information for whatever agenda they have. This GWPF sound about as crazy as the greens.

I came here merely to make the joke about oil and freedom but i was beaten clean!

but i was beaten clean!

as a married man and new father this must be v. refreshing !

As I said Peter Bond loves tooting his own pipe. The stock is in a massive uptend and he is just trying to make it run as high as he can.
PS. It was at 53 cents before christmas and now it's almost $3. After the dust settles the SP will come tumbling back down to something more reasonable.

For a 'science communicator' this dude sure says some dumb shit.

Fossil fuels are what we have at this stage in human evolution and any alien species that evolved (ie. wasn't handed technology by god or whatever they call him) would have undergone a similar progression to reach whatever they hypothetically would have to use to power such long range travel.

I think from the point of view of an astrophysicist - who ever day is looking at things like stars which burn more energy in a nanosecond than our entire planet would in a jillion years or whatever - the power offerings of fossil fuels are just so tiny that talking to some alien species about it would be embarrassing if they'd figured out the secret of cold fusion or some other thing that we know is theoretically possible, but we just haven't figured out how to do.... because we're too busy burning fossil fuels to invade third world nations to get more of those delicious fossil fuels.

I posted a list earlier showing the top ten Corporations
8 were Oil and Gas.

What chance does a competitor have ?

You would think that declining Coal in America would mean room for Solar or Wind but nope, whats replacing Coal ? Gas.

if those new technologies are so powerful and efficient they would eclipse fossil fuels. it is hard to beat fossil fuels in terms
of the density of the energy. is there even an operational model of cold fusion?

So what about cold fusion. I have only ever seen it in sim city.

Knowing Australia we will export the oil to China and buy it back off them refined at 10 times the price.