First Cab Off the Rank for Aussie Shale Oil and Gas

"Your editor continues to gently pound the table in favour of an Australian energy revolution. Technological advances have made enhanced oil and gas extraction possible all over the world. In practical terms, it means countries that don’t have a lot of high-quality easy-to-produce hydrocarbons can still become more energy self-sufficient, if they’re willing to embrace the technology.

But some people fear oil and gas as much as they fear change and technology, or spiders and heights. Whether Australia gets lower energy prices in the next twenty years is now a political issue. Geologically speaking, there’s no doubt the oil and gas is there. Australia may have ten times as much recoverable gas as previously thought, according to a new study from the US Department of Energy."

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