Guest zamunda

$20 trillion oil find in SA

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    Guest Guest5035

    $20 trillion.....bet the price of petrol will still go up and down 20c a week!!

     

    stevo

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    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

     

    Great till it runs out - what I don't get is why the Australians are not the world leaders in solar energy and technologies. Surely if you can have solar farms in Cornwall there ought to be a few around the outskirts of the major cities here but instead they still concentrate on the short-term boom/bust energies and retro-fit panels to their roofs.

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    Hmm, sounds like a company trying desperately to secure funding, or a newspaper trying desperately to drum up a story, especially when the estimate ranges "from 3.5 billion to 233 billion barrels of oil." That's equivalent to a weather forecast along the lines of "tomorrow's temperature could be freezing or it might hit 40 degrees ..."

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