Massive oil find in SA

[melon466]

I love how the media gets things wrong. I can guarantee that they didn't do 1000km of 3D sesimic, it was more like 900km of 2D, a massive difference there.

[atec77]

Originally Posted by ea90gl

Oh great just waiting for America to soon declare Australia is full of terrorists and is building weapons of mass destruction...

That's how it works and stranger things have happened , it's a matter of who and when we suffer the ignominy of losing our own oil to a foreign power , personally I look to the North

[mik]

apparently US has a huge shale oil deposit that they have hardly touched yet, if i read it right it gives them more oil than the saudi`s,
it will certainly be nice if we have oil to make us self sufficient.
just for a bit of interest..........2011 proven oil reserves.
https://www.cia.gov/library/publicat.../2178rank.html

[pottery beige]

Originally Posted by MercurySilver

then the state will make ***** loads of money and spend that coin on our absolutely crap roads and finally re do 80% of those roads in the state!

oh
hang on

seen what's going on southy rd regency pk yet.. deadset we go from one extreme to another...

[tex]

A responsible govco would use this opportunity to future proof our own nation. While we dig the rest of our resources up for the future of china and elsewhere, this honey pot must be looked after much more selfishly and with only Australia in mind.

No doubt it will be flitted away, sold to the lowest bidder requiring the highest volume, and re enter our economy as a refined, value added product at top dollar

[mutanti]

Brought and sold the shares twice yesterday. made a couple of hundred, could have made a thousand if i wasn't being so careful.. LOL
did not want to get stuck with them at end of the day..

[cheap]

Did one single Federal minister talk up the opportunities this would have? NO

Because more oil = more CO2!

What a complete and total shambles, here is a resource which will power our (few remaining) industries for decades, create jobs, bring industries onshore, provide wealth for better schools, hospitals and roads, provide for pensioners yet we have sections of our government and their fringe dwellers elites who will would rather us live in caves.

[ryeman]

Yea!...after all talk is sooooo cheap

[zilo]

Originally Posted by cheap

What a complete and total shambles, here is a resource which will power our (few remaining) industries for decades, create jobs, bring industries onshore, provide wealth for better schools, hospitals and roads, provide for pensioners yet we have sections of our government and their fringe dwellers elites who will would rather us live in caves.

I doubt it.

Multinationals will rape this resource to the bone.
Shell, Exxon,BP...take your pick profits go overseas.

[ryeman]

Hugo Chavez nationalised the Venezuelan oil industry, so I guess we are now should follow suite?

[blueoval]

http://www.heraldsun.com.au/news/nat...-1226560401043

My old man owns 3 properties in Coober Pedy. All of them are dug outs. Wonder if and how much they will increase in price if this were to take off?

[ryeman]

Originally Posted by blueoval

http://www.heraldsun.com.au/news/nat...-1226560401043

My old man owns 3 properties in Coober Pedy. All of them are dug outs. Wonder if and how much they will increase in price if this were to take off?

My bet...bugger all or three fifths of four eighths of.....

[wookie836]

unfortunately we wont see much cheaper fuel, dont we buy lower grade crude from singapore and mix it with our own oil supplies, but then pay for oil at the top shelf price.

[ryeman]

Originally Posted by wookie836

unfortunately we wont see much cheaper fuel, dont we buy lower grade crude from singapore and mix it with our own oil supplies, but then pay for oil at the top shelf price.

Closing our refineries is a big worry.

[2011G6E]

"Responsible government"...

Ha.
Ha ha.
HAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!! .

Ha.

Sorry...had to get that out of my system...

Might get a responsible government after the 14th of September if we're lucky...must be time to turn the cycle again back to "Liberal governments build the country up, then a Labor government spends us into the stone age until we put the Liberals in again to start the cycle anew" again...

[wulos]

Let's keep the politics out of this discussion eh.