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The multi-trillion dollar oil market swindle : Comments
By Leonard Brecken, published 17/7/2015There's less oil than you think, which makes it cheaper than it should be.
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And where that is just not possible submersible nuclear powered roll on roll off fast ferries, which if provided as a Darwin to Singapore overnight service, would allow rapid rail to replace air in most of our Asian Economic trading partners.
As I understand it most of the most promising prospects in the GBR are the townsville trough, the plateau and the coral sea have already been surveyed, with the results withheld by the commissioning Federal government.
And if the only oil or gas there is limited to the townsville trough thought to contain 5 billion barrels, enough returned revenue to pay for the rigs and further confirming 3D seismic surveys, with could rely on naturally occurring almost constant geological activity for the results.
Some of the estimates I have read assume a middle east rivaling resource to our immediate north (the now locked up coral sea?) We've allowed the nay sayers to persuade us that the possible wealth from possible oil revenue can be replaced by tourists, who to a generic man are staying away in droves.
All while hundreds of farmers are literally going to the wall thanks to fuel costs from tractors, harvesters and transport.
Instead of a cash strapped government bleeding the motorist white with cascading fuel excise, why don't they use the brains they were born with and earn vastly more from our own possible and known reserves?
And who are they to decide this or that possibly promising reserve should be locked away!
Let the properly informed people decide!
And better than being entirely at the mercy of often hostile foreign suppliers and with just a week's worth of reserve to fuel our defense capabilities and domestic market!
We need the Federal government to release the results they hold without further delay and leave whether we do or don't lock up possibly inestimable wealth to the people, not our we know best self appointed absolute rulers!
Rhrosty.