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wickowick 
LSU Fan
Head of Island
Member since Dec 2006
12794 posts
| Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:45 pm)
LINK
quote:
Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into a new Saudi Arabia.
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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
17354 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:47 pm to wickowick)
This is good news.
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Rex
LSU Fan
Here, there, and nowhere
Member since Sep 2004
47451 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:47 pm to wickowick)
Drilling there will upset the delicate balance between aborigines and imported rabbits.
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Paluka
LSU Fan
One State Over
Member since Dec 2010
1652 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:52 pm to Rex)
quote:
Drilling there will upset the delicate balance between aborigines and imported rabbits.
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50Mullets
LSU Fan
Member since Oct 2012
1063 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:52 pm to wickowick)
The world is going to run out of oil in 30 years. It's been that way since 1900. No matter when you asked the experts will have told you 'in 30 years we will be out of oil'
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HempHead 
Alabama Fan
Appalachia
Member since Mar 2011
10139 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:53 pm to wickowick)
quote:
233 billion barrels
frickin' a.
Let's hope that this number is even close to accurate, and that is economically feasible for them to be recovered and sold at market price.
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TheFolker 
Kentucky Fan
Member since Aug 2011
1907 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:53 pm to wickowick)
Fracking = Bad
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TJG210
LSU Fan
New Orleans
Member since Aug 2006
18443 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:55 pm to wickowick)
quote:
Up to 233 billion barrels of oil has been discovered in the Australian outback that could be worth trillions of dollars, in a find that could turn the region into a new Saudi Arabia.
This is why polticians should be ignored.....Maybe someone can run this by obama and ask since all of this oil has been found if we can cut back on the ethanol bs.
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RCDfan1950
LSU Fan
United States
Member since Feb 2007
6610 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 1:56 pm to Rex)
quote:
Peak oil? Not yet... Trillions of dollars worth of oilDrilling there will upset the delicate balance between aborigines and imported rabbits.
Sheeeitt, Rex! Sometimes I think you are a satirical genuis playing the rednecks (like me) on this forum like and old fiddle. And other times...well...don't want to go personal.
Gee whiz!
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Bunk Moreland 
Michigan Fan
Detroit, MI
Member since Dec 2010
3228 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 2:00 pm to wickowick)
What is the flow rate? Will it offset declines elsewhere? Probably not.
quote:
The reports estimated the company’s 16 million acres of land in the Arckaringa Basin in South Australia contain between 133 billion and 233 billion barrels of shale oil trapped in the region’s rocks.
Why are we looking at options like this if oil is so cheap and plentiful?
This post was edited on 1/24 at 2:02 pm
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DonChowder
LSU Fan
Crockpot
Member since Dec 2012
1446 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 2:02 pm to Rex)
quote:
Drilling there will upset the delicate balance between aborigines and imported rabbits
That made my day Rex.
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NC_Tigah
LSU Fan
Member since Sep 2003
40104 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 2:04 pm to wickowick)
quote:
It is likely however that just 3.5 billion barrels . . . will be able to be recovered.
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RCDfan1950
LSU Fan
United States
Member since Feb 2007
6610 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 2:21 pm to DonChowder)
quote:
Peak oil? Not yet... Trillions of dollars worth of oilquote:Drilling there will upset the delicate balance between aborigines and imported rabbits That made my day Rex.
Ha...were you around when Rex dropped the doggie suit Obama promo on us, DC? If not...you need to go look it up. I guarantee you, you will be DUMFOUNDED and UTTERLY SPEACHLESS! A masterpiece.
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cwill 
New Orleans Saints Fan
Member since Jan 2005
18847 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:30 pm to Bunk Moreland)
You'll be posting this same stupid peak oil shite no matter how long production is up and to the right.
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cwill
New Orleans Saints Fan
Member since Jan 2005
18847 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:32 pm to NC_Tigah)
quote:
quote: It is likely however that just 3.5 billion barrels . . . will be able to be recovered.
Using today's tech....in 10 years or less the recovery rate will be higher.
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Radiojones
LSU Fan
Dutchtown, LA
Member since Feb 2007
4184 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:46 pm to Rex)
quote:
Drilling there will upset the delicate balance between aborigines and imported rabbits.
Rex swings and hits a home run!
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Diamondawg 
Mississippi St. Fan
Mississippi
Member since Oct 2006
8263 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:48 pm to wickowick)
Why would such a large amount of oil just now be discovered?
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Radiojones
LSU Fan
Dutchtown, LA
Member since Feb 2007
4184 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:50 pm to Diamondawg)
quote:
Why would such a large amount of oil just now be discovered?
Believe it or not MOST of the Earth has yet to be explored. Just wait until we go into really deep water in the middle of the Oceans. Antarctica is going to have a tremendous amount of oil as well.
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wickowick
LSU Fan
Head of Island
Member since Dec 2006
12794 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:53 pm to Radiojones)
quote:
Antarctica is going to have a tremendous amount of oil as well.
We just need it to warm up a little...
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mograyback 
Missouri Fan
Red Patoka Sea
Member since Jul 2011
5485 posts
| re: Peak oil? Not yet... Trillions of dollars worth of oil (Posted on 1/24/13 at 4:56 pm to wickowick)
More beer! Let the party go on... yeah the place is a mess, we know of more efficient ways to get drunk, but more BEER!
BTW. Australia is going to be Chinas pretty soon. As soon as they get their navy finished it's game on.
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