No wonder you don't work for the ideological idiots at the ABC anymore. Too much common sense.
And the egomaniacal lefties at the ABC are not at work today, believing they are somehow inflicting suffering on the rest of us by going on strike. What a joke.
The Opposition is pressing the Government on the fuel issue, what if they accept responsibility for doing nothing in all the years they were in office?
All the political class have failed the country. No plan, no commitment to our future. One can only assume the underlying bureaucracy is lazy and incapable of pragmatic advice also. I want to see some sort of brave statements from the opposition that herald a change of tack and govern as though they have a vision for our future based on industry.
As soon as Bass Strait oil production declined we ran into trouble with our IEA obligations. Certain negotiations with the IEA then got underway but we dragged our feet because of short term costs. Now we are well behind. Bowen concentrates on stocks covered by the domestic Minimum Stock Obligation (MSO) policy. However, that is exactly that…a minimum based on normal/average requirements, not the IEA levels or anything prudent! The IEA does not count stocks on the water. The MSO does to some extent. Therefore, not all the Bowen quoted figures are readily available and deliverable to Australian service stations or other stockists. Hence his demonstrated interest in ships on the way. Moreover some included stocks are held by major industry players in mining and agriculture and are not readily available for distribution. Our stocks, in my view, are much thinner than claimed. Strap your seatbelts on. It could be a rocky ride over the next few weeks.
One has to wonder about the merits of past Australian Governments when the likes of South Australia holds significant 'potential' oil reserves, primarily driven by massive, undeveloped unconventional shale oil in the northern Arckaringa Basin, estimated in 2013 to contain up to 233 billion barrels of oil!
While the Cooper-Eromanga basin remains the main onshore source of conventional oil, the Arckaringa Basin holds promise as a future major shale play.
Key Potential Oil Areas in South Australia:
Arckaringa Basin: Located in the state's far north near Coober Pedy, this basin is considered a major unconventional shale oil prospect. Reports have indicated potential for massive shale oil resources.
Cooper-Eromanga Basins: As of 2024, reportedly, this region remains the primary location for conventional oil production in South Australia, with ongoing exploration and development wells.
Officer Basin: Identified as having potential for conventional hydrocarbons in its deep, older geological formations, such as the Paleozoic layers.
Gawler Craton/Other Potential: Various regions are being evaluated for shale oil, tight oil, and coal seam gas, with research into new plays ongoing.
Characteristics of SA Oil Potential:
Shale Oil (Unconventional): The vast majority of the potential in the Arckaringa Basin is unconventional shale oil, requiring high-cost extraction techniques like hydraulic fracturing.
Conventional Oil: The Cooper-Eromanga basin provides conventional oil, but production there is mature.
Resource Potential:
Some estimates suggest the Arckaringa basin could be larger than the Bass Strait and Cooper Basin combined, potentially altering Australia's self-sufficiency, although significant development and investment ($150-$300 million for initial appraisal) are needed to confirm, according to Mining.com.
Key Challenges:
Technical Challenges: Unconventional resources require specialized technology to extract.
Infrastructure & Development: The remoteness of basins like the Arckaringa requires substantial infrastructure development.
Investment:
Significant capital investment is required to move from exploration to production.
More proof that Australia has a chronic shortage of strategic leadership on par with our shortage of fuel supply. After the Howard/Costello/Anderson/Abbott era, both sides of politics have been characterised by short-termism and an obsession with political survival over the best interest of the country.
I take our current situation as further evidence of a planned and ongoing destruction of our country. With a wholesale sell-off commenced in earnest in the 1970s if farms, industries and now, it seems, water is in the table. Any sovereign rights have been eroded to mockery. Pretence of ignorance by current of former PMs not acceptable.
It takes a lot of genius and Treasury and Productivity Commission brilliance to render an oil and gas rich country exposed to fuel shortages.
No wonder you don't work for the ideological idiots at the ABC anymore. Too much common sense.
And the egomaniacal lefties at the ABC are not at work today, believing they are somehow inflicting suffering on the rest of us by going on strike. What a joke.
We also need to lift the ban on nuclear power and crack on with developing it.
It’s already developed, we just need to make use of it. Bowen would rather die than develop a spine and accept that fact.
The Opposition is pressing the Government on the fuel issue, what if they accept responsibility for doing nothing in all the years they were in office?
Zero credibility.
The Uni-party in action.
Vote One Nation.
All the political class have failed the country. No plan, no commitment to our future. One can only assume the underlying bureaucracy is lazy and incapable of pragmatic advice also. I want to see some sort of brave statements from the opposition that herald a change of tack and govern as though they have a vision for our future based on industry.
As soon as Bass Strait oil production declined we ran into trouble with our IEA obligations. Certain negotiations with the IEA then got underway but we dragged our feet because of short term costs. Now we are well behind. Bowen concentrates on stocks covered by the domestic Minimum Stock Obligation (MSO) policy. However, that is exactly that…a minimum based on normal/average requirements, not the IEA levels or anything prudent! The IEA does not count stocks on the water. The MSO does to some extent. Therefore, not all the Bowen quoted figures are readily available and deliverable to Australian service stations or other stockists. Hence his demonstrated interest in ships on the way. Moreover some included stocks are held by major industry players in mining and agriculture and are not readily available for distribution. Our stocks, in my view, are much thinner than claimed. Strap your seatbelts on. It could be a rocky ride over the next few weeks.
👈 …. 👉….☝️……..👇🏾
Upa certain creek without an outboard motor.
EV Bowen thinks it reconfirms his algorithm you can’t rely on fossil fuels.
One has to wonder about the merits of past Australian Governments when the likes of South Australia holds significant 'potential' oil reserves, primarily driven by massive, undeveloped unconventional shale oil in the northern Arckaringa Basin, estimated in 2013 to contain up to 233 billion barrels of oil!
While the Cooper-Eromanga basin remains the main onshore source of conventional oil, the Arckaringa Basin holds promise as a future major shale play.
Key Potential Oil Areas in South Australia:
Arckaringa Basin: Located in the state's far north near Coober Pedy, this basin is considered a major unconventional shale oil prospect. Reports have indicated potential for massive shale oil resources.
Cooper-Eromanga Basins: As of 2024, reportedly, this region remains the primary location for conventional oil production in South Australia, with ongoing exploration and development wells.
Officer Basin: Identified as having potential for conventional hydrocarbons in its deep, older geological formations, such as the Paleozoic layers.
Gawler Craton/Other Potential: Various regions are being evaluated for shale oil, tight oil, and coal seam gas, with research into new plays ongoing.
Characteristics of SA Oil Potential:
Shale Oil (Unconventional): The vast majority of the potential in the Arckaringa Basin is unconventional shale oil, requiring high-cost extraction techniques like hydraulic fracturing.
Conventional Oil: The Cooper-Eromanga basin provides conventional oil, but production there is mature.
Resource Potential:
Some estimates suggest the Arckaringa basin could be larger than the Bass Strait and Cooper Basin combined, potentially altering Australia's self-sufficiency, although significant development and investment ($150-$300 million for initial appraisal) are needed to confirm, according to Mining.com.
Key Challenges:
Technical Challenges: Unconventional resources require specialized technology to extract.
Infrastructure & Development: The remoteness of basins like the Arckaringa requires substantial infrastructure development.
Investment:
Significant capital investment is required to move from exploration to production.
We went from a 'Just In Case' policy to a 'Just In Time' failure. Utter and willful madness.
More proof that Australia has a chronic shortage of strategic leadership on par with our shortage of fuel supply. After the Howard/Costello/Anderson/Abbott era, both sides of politics have been characterised by short-termism and an obsession with political survival over the best interest of the country.
I take our current situation as further evidence of a planned and ongoing destruction of our country. With a wholesale sell-off commenced in earnest in the 1970s if farms, industries and now, it seems, water is in the table. Any sovereign rights have been eroded to mockery. Pretence of ignorance by current of former PMs not acceptable.
Very timely Chris - so glad the Government is going to fix it 2026 LOL