What if Saudi Arabia became irrelevant to the world economy?
It is 6 times larger than the Bakken, 17 times the size of the Marcellus formation, and 80 times larger than the Eagle Ford shale.
All told the recent discovery outside a sleepy Australian town contains more black gold than in all of Iran, Iraq, Canada, or Venezuela.
The current estimates of 233 billion barrels are just 30 billion barrels shy of the estimated reserves in all of Saudi Arabia.
Now, one renowned international energy expert predicts the proven reserves will be much bigger.
"The find may land at 300 or 400 billion barrels, making it one of the greatest unconventional oil discoveries any of us will see in our lifetimes," says Dr. Kent Moors and advisor to six of the top 10 oil producers and active consultant to 20 world governments.
"It represents a bona-fide redrawing of the global energy map as we know it," Moors says, "and the mainstream media is completely ignoring it."
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Labels: Australia, oil and gas exploration, Saudi Arabia, world economy
posted by Carl in Jerusalem @ 1:11 AM
7 Comments:
Ever wonder why the Arab states are so against fracking?
They are terrified that the US will frack full time and every where.
Boston Wins!!!!!!!!!!!!!!
Boston wins!!!!!!!!!!!!!!!!!!!!
Yes, siree, Findalis. If you travel to Midland, TX on business, the hotels are sold out. They found the Wolfcamp play, which some of the O&G guys are saying is the biggest pool in the world. I'll have to check it out I comparison to the Aussie one, but it's all good. Around Midland, they also came across another big reservoir related to the traditional oil, that they missed before, if you can believe that...
Might need to revoke their independence. HRH is still the head of state, we could make it HMP Australia again and use the inmates to keep the place running.
Some in Aussie, some in the US, and some even in Gaia #OccupyEU have gotten a spine,especially since the Gaia Computer Models used to make policy have not borne out a single round of groundtruth observed data and the focus on "carbon" is not supported by observed data:
New paper suggests the sun’s magnetic fields defines climate over the long term
http://wattsupwiththat.com/2013/10/31/new-paper-suggests-the-suns-magnetic-fields-defines-climate-over-the-long-term/
But remember, the Gaia Marxists have hardwired their brains to believe that anything done, whether Gulags, Seniors Deleted through Hypothermia because they can't pay their Alternative Energy Mandate electric bill, ANYTHING done to bring about the Equality Utopia is a-okay. Lying, cheating, stealing (not Torah Economics compliant)... and if you've actually read Thomas More's Utopia, he designs tyrannical Gulags...
I've been told over and over that Brightsource is an American company... They got $1.6 Billion of Obama Green $lu$h out in California... And now they are announcing a $1.1 BBBillion project IN ISRAEL. This article does not say where the $$$money is coming from. Your humble anti-commie correspondent will be investigating.
Israel to Build the 5th Largest Solar Power Station on the Planet
http://mashable.com/2013/10/27/israel-solar-power/
Sunlight, here's an article on Wolfcamp. High quality light oil, currently estimated amt. recoverable at least 30 billion barrels. Then, there's that massive finding of shale oil in the Coober Pedy region of southern Australia.
I look forward to the day when OPEC is broken, as well as Thug Putin's mini-USSR and the wannabe Castro-ite Venezuela. Let our Arab "friends" drink their own oil.
Develop and pump your own massive findings, Israel! Israel can become energy self-sufficient PLUS have massive exports earnings. Maybe even, if the Israeli public chooses to take a tight grip in the politicians', um, attention, they could significantly lower Israeli taxes!
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