Australia just discovered trillions of dollars worth of oil in outback!

reply to post by LemaEcho





"Is that Oil I see before me....."

Originally posted by SloAnPainful
You guys are over reacting here... America won't be coming for your oil, lets be real.

-SAP-

yeah why would they come when it would just require them "asking nicely" and we would hand it all over to them willingly. just like our uranium, biggest reserves on the planet yet noooo lets use COAL! cause thats way more safer....

Amazingly instant hostility towards Americans/American Government is what I see on this thread Ever thought about it this way that the US bases were established and were perhaps invited by the Australian Government(to save defense investments and boost local economy around the bases) to work closely together in the future just in case the Chicoms decided to invade Australia (directly/indirectly) for the resources? Not just yellow cake but Oil?

Looks like Australia gonna need some democracy now

reply to post by LemaEcho


Just like China, Cuba and even the US unexploited vast regions this nothing but propaganda on Shale oil, that until this day not body really wants to put forward the capital that is needed to start anything because this type of oil is very expensive to find, extract and refine.

As long as other areas with more available and easy to get oil Shale oil will still be in the back burner.

Originally posted by marg6043
reply to post by LemaEcho

 

Just like China, Cuba and even the US unexploited vast regions this nothing but propaganda on Shale oil, that until this day not body really wants to put forward the capital that is needed to start anything because this type of oil is very expensive to find, extract and refine.

As long as other areas with more available and easy to get oil Shale oil will still be in the back burner.

I agree to a certain extent. Like I said before, for the larger offshore companies that are already heavily invested in deepwater drilling there is very little profit to be made when compared to the headache it would be to develop Shale exploration. As for smaller companies and service companies there is still a substantial amount to be made, regardless of geographic location. You can bet on one thing, if it's there, it's worth something to someone and there will always be someone willing to go get it.

reply to post by LemaEcho


Lookup exercise Talisman Saber on google. You'll see that there will be a US presence in Australia for a few months this year, as Australia does this wargame every few years with the US.

There is also some strateg-er-y to the other move of personnel, but it isn't because of shale oil. Barry doesn't want anything to do with shale oil, otherwise you'd seem him acknowledging N. Dakota's boom and the other trillions of barrels in Colorado and Alaska waiting to be tapped.

He's all about supporting his base of eco-idiots. He likes gas prices high. The government loves the tax on oil more than anything else. They know it's easily manipulated and his loter voter IQ base won't do any digging to find out how much they make off a gallon of gas. Regardless, I hope Australia makes a lot of money off their find.

reply to post by Teikeon


Sadly perhaps when all the more easy to get oil start to truly dry out shale oil will become the new gold.

But even here in the US that most of the oil barons reap profits no even them are willing to get their hands on the extraction of shale oil that is found in the US along with the cleaner version of it.

Yes they are buying rights to extract and leasing the land but they are not doing much about it with it. I guess just preparing in case.

Originally posted by Teikeon

Originally posted by marg6043
reply to post by LemaEcho

 

Just like China, Cuba and even the US unexploited vast regions this nothing but propaganda on Shale oil, that until this day not body really wants to put forward the capital that is needed to start anything because this type of oil is very expensive to find, extract and refine.

As long as other areas with more available and easy to get oil Shale oil will still be in the back burner.

I agree to a certain extent. Like I said before, for the larger offshore companies that are already heavily invested in deepwater drilling there is very little profit to be made when compared to the headache it would be to develop Shale exploration. As for smaller companies and service companies there is still a substantial amount to be made, regardless of geographic location. You can bet on one thing, if it's there, it's worth something to someone and there will always be someone willing to go get it.

Its a catch up game at this point.

Japan and India, Asia’s biggest energy consumers after China, are closer to unlocking natural gas deposits trapped in ice below the seabed that may prove bigger than the world’s known fossil-fuel reserves.

Japan Oil, Gas & Metals National Corp. said yesterday it produced gas in the world’s first offshore test to extract the fuel from the frozen depths. A team including Oil & Natural Gas Corp. (ONGC), India’s biggest energy explorer, will drill off the east coast this year and try to produce the fuel, according to two officials at the regulator Directorate General of Hydrocarbons. They asked to not be named before the official announcement.

The nations are trying to catch up with North America, where discoveries of gas in shale rock and tar sands herald an energy revolution carrying the U.S. and Canada toward energy independence. While shale is found in only certain parts of the globe, carbon frozen with water -- called methane hydrates or burnable ice -- is found under most sea beds. The catch: There’s no technology yet to commercially extract that gas.

Initial estimates suggest carbon deposits in hydrates are double the size of all known oil, gas and coal reserves, the U.S. Geological Survey said in a January 2013 report. The world’s proven reserves of natural gas alone were 208.4 trillion cubic meters at the end of 2011, according to BP Plc. (BP/)

SOURCE

reply to post by hp1229

Amazingly instant hostility towards Americans/American Government is what I see on this thread

No it isn't. It's just sarcasm

You have to admit...the US makes a good target for sarcastic jokes about oil

Originally posted by MarioOnTheFly
reply to post by hp1229

 

Amazingly instant hostility towards Americans/American Government is what I see on this thread

No it isn't. It's just sarcasm

You have to admit...the US makes a good target for sarcastic jokes about oil

edit on 14-3-2013 by MarioOnTheFly because: (no reason given)

yes and the sad part is that it still continues to be the same despite the known tactics

reply to post by hp1229


I always say that the so call US energy dependency is a scam played on the people of the US so they do not complain, after all you know that US contracts with other oil producing nations is nothing but "political".

Back in the 70s US was the biggest producer of oil, then a scheme of lack of oil took shape once other countries thanks to US tax dollar generosity started to produce oil.

I remember as a child the gas shortage, now I see it as nothing but scam, US still have as much oil as it did back in the 70s, if we were drying out US will not be leasing his strategy oil regions to nations like the UK for extraction.

What that tells you? that is nothing but a scam.

And Saudi Arabia wealth was as the expenses of US tax payers that put Saudi Arabia and the middle east as oil producing nations.

While we blame Saudi Arabia for oil prices and oil output, US main provider of oil is Canada, with Mexico next.

Again what that tells you? is all a scam.

US control oil prices in the markets with speculators while making people believe that is those darn Saudi Arabians the ones making oil so expensive.

Perhaps Australia will find within their vast shale oil reserves areas of finer oil that they can start drilling right away, occurs with the help of the US oil drilling barons.

reply to post by marg6043

US control oil prices in the markets with speculators while making people believe that is those darn Saudi Arabians the ones making oil so expensive.

Yep. I agree and thats the game plan
Someone else just opened another thread about how much our domestic oil extraction has gone up. But the freakin gas price keeps going higher.
ATS_LINK

Originally posted by marg6043
reply to post by Teikeon

 

Sadly perhaps when all the more easy to get oil start to truly dry out shale oil will become the new gold.

But even here in the US that most of the oil barons reap profits no even them are willing to get their hands on the extraction of shale oil that is found in the US along with the cleaner version of it.

Yes they are buying rights to extract and leasing the land but they are not doing much about it with it. I guess just preparing in case.

If they're not doing much about it then why am I traveling all over the united states training people and conducting meetings to teach the local workforces how we do it in the gulf region, where I live? I've been in the oil industry ky entire adult life, which is 14 years, I know more about oil & gas and its culture than I do about anything else. There are many other subjects that I like to discuss with people who are much more knowledgeable, but when it comes to oil, its exploration, the processes and the culture of the oil business I do have *some* experience. The shale oil, and especially the shale gas, in the US and abroad is there, and someone is getting it, I see it everyday, it's what I do.

reply to post by Teikeon


In America everything is for profits, so occurs about everything have a price. Stupid people like me the consumer is not privy of what goes on within the corporate dictatorship running the nation and its resources so we have to dig to find the truth.

I can tell you this much oil prices and oil manipulation goes hand in hand because as usual profits have to be maintain .

Didn't the CIA say Australia has WMD's?

Originally posted by marg6043
reply to post by Teikeon

 

In America everything is for profits, so occurs about everything have a price. Stupid people like me the consumer is not privy of what goes on within the corporate dictatorship running the nation and its resources so we have to dig to find the truth.

I can tell you this much oil prices and oil manipulation goes hand in hand because as usual profits have to be maintain .

I agree that it is all political and all about money. From my understanding you were saying that the US isn't exploring or drilling shale, which is false. We are absolutely popping holes all over certain parts of America. The same thing will happen with Austrailia. The point I was trying to make is that America does not need to invade Austrailia (that is just silly), because Austrailia will allow international service companies to set up shop willingly. Economically the impacts are immediate and substantial to the local population and surrounding areas. The morality and environmental impacts I will not debate because I agree that not everyone who drills does so with the best intentions or any agenda other than profit.

As for the effect that shale has had on gas prices (here in the US), you have to understand that a vast majority of what is coming out of Americas shale is NOT oil, its natural gas. At least at this point in time. If anyone living around those areas has noticed there are actually "natural" gas stations popping up. This type of fuel, for homes and vehicles has very little impact on traditional gas prices. The gas in your car is made from crude oil, which has a vastly different process for refining. The reason for the uproar and excitement over shale in America is mostly because of natural gas, and not so much crude oil. Drilling, production and refinement of the two are very different.

reply to post by Teikeon


Thank you for your insight into this matter, I also think that it wont be a military grab more so the Halliburton type companies which will do whatever they can to get it all and then leave it like a ghost town. I'm sure tho there will be all kinds of big business invading that area.....WALMART anyone? Also to add I believe you when you say that the people doing the surveying don't give an approximate number considering like you said it's all competition driven. The one thing this place has going for it right now tho is the fact that it's one of the biggest opal mines in the world and last time I checked its pretty expensive, to give you and idea this stone is worth $6500 not bad in my humble opinion.

We simply BUY oil from our allies folks...

I think our plan is to simply buy foreign oil until they go dry, then start pumping the vast reserves we (the US) have in the Dakotas and Alaska, to become the defacto oil producer of the world....

Makes sense, and is actually pretty ingenious, when you think about it...but also a bit scary. I can only imagine what will happen in the middle east once their oil runs dry...a lot of warfare, I'd imagine, with a need for the UN to step in and....oh my....if you really think about it....it just becomes a little TOO clear, doesn't it?