Australian Shale Oil Discovery

Blog, Energy, Peter McCaffrey (historic), Uncategorized

Yep, even more big oil news today as an Australian company have announced a shale oil discovery that could (usual conditions of accessibility, recoverability etc) mean Australia has larger oil reserves than even Canada.

http://www.cbc.ca/news/business/story/2013/01/24/business-australia-shale-oil.html

Perhaps concerning for the Alberta government’s budget calculations in the long term, but certainly great news for humanity as a whole, and Australia in particular. Truly the lucky country!