Risible rubbish! The scarcer the commodity the greater the demand and therefore the higher the price!

For too long we've swallowed this self harming manipulative BS, and consequently paid through the nose for economy harming hydrocarbons; all we sit on virtual mountains of the stuff?

So pure you can use it almost as is in your diesel truck or tractor?

Albeit, the small soluble wax content can and does solidify on cold and frosty mornings and therefore clog the injectors!

And easily removed by some insitu, chill filtering; with the superior naturally occurring diesel product futher improved with the addition of around 4.7% methanol!

Which then almost guarantees, no black smoke even under maximum acceleration?

Moreover almost every vehicle that plys our highways byways and railroad tracks, can be rejigged to run on cheaper cleaner N.G.

It's long past time we stopped allowing our potential enemies and their brown nosing lick spittle multinationals, to decide our prosperity or economic future!?

Or indeed, where we can or cannot drill!

And begin using what we have here; starting as a necessary first, the brains we were born with!
Rhrosty.

Agree with Brave Sir Rhrosty DSO VC (and bar).

How can you have a "swindle" when something is sold at a lower price?

It is fracking technical innovations, releasing large amounts of gas, that is fortunately driving oil prices downwards.

Also Arctic oil is increasingly available due to the blessing of global warming melting the ice.

Drill oil in the Antarctic I say. Who needs wildlife?

Yes Pete, but only if like traditional Australian sweet light crude it creates in common use 75% less carbon emission!

As long as we're obliged to use oil and gas, we should access and use the least harmful types!

Time and again the entirely illogical ignorant green movement have warned that drilling for oil would harm the local environment; when in truth anything else has been the usual outcome.

Such as the bass strait where the rigs have created brand new habitat for marine species!

Sure some patently proven money saving shortcuts have resulted in some temporary harm!

But done in government ownership and oversight, no such shortcuts need ever be envisaged or entered into or tolerated.

Unsurprisingly, the Great Barrier reef is a geologically active area on the edge of tectonic plate movement, and given the constant activity, new fault lines or cracks are opened up almost daily; and where that occurs across a oil or gas reserve, can release either, as is the case just south of PNG, where billions of tons of methane are added annually to the biosphere.

The only way to prevent that happening again and again is to drill into it to one, release pressure and two, avail ourselves of a resource far less harmful in common use than that we're currently "forced" to use!

Incidentally conventional oil and gas needs no fracking fracking; you fracking fool!

And the old hayburner produces both Co2 and methane as does the calf and the coo!

Incidentally fracking is possible using just sand and water!

As Robbie Burns might have stated ,facts are chiels tha' dinna whinge!
Rhrosty.

Indeed Rhrosty

The whole picture of hydrocarbon extraction and use is much more complex than Greenies' warm intuitions assume.

So many trendy urban Greenies have been (or are) frequent international jet travellers.

When they sell their old cars to buy Prius greenie-mobiles they don't quantify all the industrial chemicals (eg. oil based plastics and toxic chemical batteries) and emissions that go into producing that https://en.wikipedia.org/wiki/Toyota_Prius .

Pete

Yes Pete and apologies for the obvious fracking slight!

It's only a matter of time before an energy hungry world develops any and all energy resources in the Antarctic!

If the entirely illogical green movement were better informed, they'd understand that all hydrocarbons aren't all the same.

i.e., NG can be used in ceramic fuel cells where it produces clean green energy and produces mostly pristine water vapor as the exhaust product.

Which given a 80% energy coefficient, able to produce the world's cheapest electricity; plus endless free hot water.

Another fact that is usually overlooked is the fact that piped gas has little if any loss during transmission, which is not the case for transmission and distribution losses for electric wires, which together rack up a whooping 64% losses!

Losses which someone still has to pay for!

Moreover Methane acts as a reductant that converts iron oxides to ferric product.

Meaning gas pipes would last far longer than say water pipes and therefore over time less costly every which way than hugely expensive and immensely vulnerable, very visible, transmission lines!

And buried underground still available to fuel the pumps that fight the forest fires; all while poles burn, fall and add to the medley of problems!

A large gas deposit developed by a pragmatic government, would enable pensioners to once again afford to heat and or cool their homes!

Something the I'm alright Jack, greens, usually overlook in their endless push to force the most expensive, least efficient alternatives on the rest of us!

The real energy, job and economy harming swindle, if you ask me?
Rhrosty.

Obviously oil must run out before too long. The world is said to have 800 million internal combustion engines whereas oil has taken a quarter billion years to accumulate. In other words we're burning it faster than it can be made. I suspect when West Texas Intermediate nudged $150 in 2008 the consequences were so dire traders vowed never again.

At one point the IEA thought liquid fuel production would go from 95 mbpd to I think around 115 mbpd before peaking circa 2030. What if the change is not +20 but -20? That is 75 mpbd in 2030. We'll all drive electric cars some will say powered by wind and solar. Plastic surgeons might but not battlers and too bad for planes, interstate semitrailers and farm tractors that need oil. If the oil price is kept low so it fails to incentivize alternatives more fool us.