Australia – Next Petro Superstate?


THE INTERNET POST

Australia – Next Petro Superstate?

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.”

Six months ago Brisbane company Linc Energy Ltd.Energy released two reports, based on drilling and seismic…

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About kristalklear

Masters in Computer Science. Studies in Journalism and Law Enforcement, 56, married, black, living in south western Ohio
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2 Responses to Australia – Next Petro Superstate?

  1. Thanks Crystal. BTW Like your photo!
    Downside of this is that the US will be ever-watchful of protecting our securing their interests in these resources.
    At least they won’t have to send troops here (wait they already do 🙂 ), to take charge like they do in other countries. Here, we will hand them control with a smile, maybe a grimace from the public?

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