Mineral Rich Australia May Contain World's Next Major Oil Find - Analysis Eurasia Review

Mineral Rich Australia May Contain World's Next Major Oil Find - Analysis Eurasia Review:

"Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.

The U.S. government’s Energy Information Administration noted in its country’s analysis for Australia, “Australia, rich in hydrocarbons and uranium, was the world’s second largest coal exporter in 2011 and the third largest liquefied natural gas (LNG) exporter in 2012. Australia is rich in commodities, including fossil fuel and uranium reserves, and is one of the few countries belonging to the Organization for Economic Cooperation and Development (OECD) that is a significant net hydrocarbon exporter, exporting over 70 percent of its total energy production according to government sources. Australia was the world’s second largest coal exporter based on weight in 2011 and the third largest exporter of liquefied natural gas (LNG) in 2012.”"

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