Natural Gas Is Now Blowing Up In Australia
Mar 21st 2010, 1:27 pm
#1
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Natural Gas Is Now Blowing Up In Australia
Natural Gas Is Now Blowing Up In Australia
Very interesting article from the business insider website. It is a double edged sword though as it will only drive up asset prices (which are already over valued) much further.
Very interesting article from the business insider website. It is a double edged sword though as it will only drive up asset prices (which are already over valued) much further.
Mar 21st 2010, 3:03 pm
#2
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Natural Gas Is Now Blowing Up In Australia
Natural Gas Is Now Blowing Up In Australia
Very interesting article from the business insider website. It is a double edged sword though as it will only drive up asset prices (which are already over valued) much further.
Very interesting article from the business insider website. It is a double edged sword though as it will only drive up asset prices (which are already over valued) much further.
Build and dig, again and again and again.
Mar 21st 2010, 8:42 pm
#3
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Joined: Jun 2007
Location: Peregian Springs, Sunshine Coast
Posts: 1,872
Re: Natural Gas Is Now Blowing Up In Australia
Good but old news...reported 6 months ago. BTW its the oil and gas exhibition in Perth this week.
Mar 21st 2010, 11:15 pm
#4
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Re: Natural Gas Is Now Blowing Up In Australia
Possible LNG Glut approaching. Gas is being discovered everywhere, if the shale gas extraction is successful then prices will plummet.
http://www.smh.com.au/business/oil-s...0223-p09g.html
http://www.smh.com.au/business/oil-s...0223-p09g.html
Mar 22nd 2010, 12:20 am
#5
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Natural Gas Is Now Blowing Up In Australia
Possible LNG Glut approaching. Gas is being discovered everywhere, if the shale gas extraction is successful then prices will plummet.
http://www.smh.com.au/business/oil-s...0223-p09g.html
http://www.smh.com.au/business/oil-s...0223-p09g.html
LNG has a great long term future - who says the world is running out of fossil fuel?
Last edited by Amazulu; Mar 22nd 2010 at 12:44 am.
Mar 22nd 2010, 12:43 am
#6
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Re: Natural Gas Is Now Blowing Up In Australia
Mar 22nd 2010, 1:09 am
#8
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Re: Natural Gas Is Now Blowing Up In Australia
Mar 22nd 2010, 8:55 am
#12
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Natural Gas - a nail in the coffin of tourism in NW Australia
This is a tragedy that is very likely to wreck the most awesome unspoiled wilderness in the world.
I guess all you in-favour posters on this issue are townies or in the mining trade. The people who live in these areas, who aren't there for the cash from mining but rather treasure the place for its natural resources - the unspoilt scenery, peace and quiet, and lack of any signs of civilisation - all the things that are above ground, will be forever mourning the discovery of gas and oil up here. Just look at what an eyesore Port Hedland has become! It's a crying shame that greedy industrialists and corrupt glory-seeking politicians in distant corners are able to decide the fate and more criminally, the demise of such a pristine area.
Tourism in the long run would yield far more revenue to the economy than a relatively short-term mining operation (of say a few decades before the reserves run out), but once the mining and drilling begins to despoil and contaminate the coastal landscape there'll be no turning the clock back. Some of the most fragile and diverse marine environments on earth are found up here and accidents and spills are bound to happen - they always do, and this will surely jeopardise something far more important than cheap energy and a fast buck for all the lads. And when the beauty is gone what tourists will visit - as many as holiday in Port Hedland today - didly-squat-squared!
Shame, shame shame.
I guess all you in-favour posters on this issue are townies or in the mining trade. The people who live in these areas, who aren't there for the cash from mining but rather treasure the place for its natural resources - the unspoilt scenery, peace and quiet, and lack of any signs of civilisation - all the things that are above ground, will be forever mourning the discovery of gas and oil up here. Just look at what an eyesore Port Hedland has become! It's a crying shame that greedy industrialists and corrupt glory-seeking politicians in distant corners are able to decide the fate and more criminally, the demise of such a pristine area.
Tourism in the long run would yield far more revenue to the economy than a relatively short-term mining operation (of say a few decades before the reserves run out), but once the mining and drilling begins to despoil and contaminate the coastal landscape there'll be no turning the clock back. Some of the most fragile and diverse marine environments on earth are found up here and accidents and spills are bound to happen - they always do, and this will surely jeopardise something far more important than cheap energy and a fast buck for all the lads. And when the beauty is gone what tourists will visit - as many as holiday in Port Hedland today - didly-squat-squared!
Shame, shame shame.
Mar 22nd 2010, 10:24 am
#13
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Joined: May 2008
Location: Perth
Posts: 838
Re: Natural Gas Is Now Blowing Up In Australia
Natural Gas - a nail in the coffin of tourism in NW Australia
"sigh "
"sigh "
Mar 22nd 2010, 11:34 am
#14
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: Natural Gas - a nail in the coffin of tourism in NW Australia
This is a tragedy that is very likely to wreck the most awesome unspoiled wilderness in the world.
I guess all you in-favour posters on this issue are townies or in the mining trade. The people who live in these areas, who aren't there for the cash from mining but rather treasure the place for its natural resources - the unspoilt scenery, peace and quiet, and lack of any signs of civilisation - all the things that are above ground, will be forever mourning the discovery of gas and oil up here. Just look at what an eyesore Port Hedland has become! It's a crying shame that greedy industrialists and corrupt glory-seeking politicians in distant corners are able to decide the fate and more criminally, the demise of such a pristine area.
Tourism in the long run would yield far more revenue to the economy than a relatively short-term mining operation (of say a few decades before the reserves run out), but once the mining and drilling begins to despoil and contaminate the coastal landscape there'll be no turning the clock back. Some of the most fragile and diverse marine environments on earth are found up here and accidents and spills are bound to happen - they always do, and this will surely jeopardise something far more important than cheap energy and a fast buck for all the lads. And when the beauty is gone what tourists will visit - as many as holiday in Port Hedland today - didly-squat-squared!
Shame, shame shame.
I guess all you in-favour posters on this issue are townies or in the mining trade. The people who live in these areas, who aren't there for the cash from mining but rather treasure the place for its natural resources - the unspoilt scenery, peace and quiet, and lack of any signs of civilisation - all the things that are above ground, will be forever mourning the discovery of gas and oil up here. Just look at what an eyesore Port Hedland has become! It's a crying shame that greedy industrialists and corrupt glory-seeking politicians in distant corners are able to decide the fate and more criminally, the demise of such a pristine area.
Tourism in the long run would yield far more revenue to the economy than a relatively short-term mining operation (of say a few decades before the reserves run out), but once the mining and drilling begins to despoil and contaminate the coastal landscape there'll be no turning the clock back. Some of the most fragile and diverse marine environments on earth are found up here and accidents and spills are bound to happen - they always do, and this will surely jeopardise something far more important than cheap energy and a fast buck for all the lads. And when the beauty is gone what tourists will visit - as many as holiday in Port Hedland today - didly-squat-squared!
Shame, shame shame.
But come on - if there is one place in the world where there is "more" of it once one bit is wrecked - it is australia - there are bazillions of miles of coastline that nobody lives on/has visited in aeons.
if we didnt dig the crap out from under the lucky country it wouldnt be the lucky country it'd be a rock inhabited by a few farmers and a lotof worried sheep, like nz for example.
Mar 22nd 2010, 12:03 pm
#15
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Natural Gas - a nail in the coffin of tourism in NW Australia
This is a tragedy that is very likely to wreck the most awesome unspoiled wilderness in the world.
I guess all you in-favour posters on this issue are townies or in the mining trade. The people who live in these areas, who aren't there for the cash from mining but rather treasure the place for its natural resources - the unspoilt scenery, peace and quiet, and lack of any signs of civilisation - all the things that are above ground, will be forever mourning the discovery of gas and oil up here. Just look at what an eyesore Port Hedland has become! It's a crying shame that greedy industrialists and corrupt glory-seeking politicians in distant corners are able to decide the fate and more criminally, the demise of such a pristine area.
Tourism in the long run would yield far more revenue to the economy than a relatively short-term mining operation (of say a few decades before the reserves run out), but once the mining and drilling begins to despoil and contaminate the coastal landscape there'll be no turning the clock back. Some of the most fragile and diverse marine environments on earth are found up here and accidents and spills are bound to happen - they always do, and this will surely jeopardise something far more important than cheap energy and a fast buck for all the lads. And when the beauty is gone what tourists will visit - as many as holiday in Port Hedland today - didly-squat-squared!
Shame, shame shame.
I guess all you in-favour posters on this issue are townies or in the mining trade. The people who live in these areas, who aren't there for the cash from mining but rather treasure the place for its natural resources - the unspoilt scenery, peace and quiet, and lack of any signs of civilisation - all the things that are above ground, will be forever mourning the discovery of gas and oil up here. Just look at what an eyesore Port Hedland has become! It's a crying shame that greedy industrialists and corrupt glory-seeking politicians in distant corners are able to decide the fate and more criminally, the demise of such a pristine area.
Tourism in the long run would yield far more revenue to the economy than a relatively short-term mining operation (of say a few decades before the reserves run out), but once the mining and drilling begins to despoil and contaminate the coastal landscape there'll be no turning the clock back. Some of the most fragile and diverse marine environments on earth are found up here and accidents and spills are bound to happen - they always do, and this will surely jeopardise something far more important than cheap energy and a fast buck for all the lads. And when the beauty is gone what tourists will visit - as many as holiday in Port Hedland today - didly-squat-squared!
Shame, shame shame.
Show me the money.