Cyprus-Forum.com

[bill cobbett]

$20 trillion oil find in Australia?

Story seems to be surfacing in aussie news:

http://www.abc.net.au/news/2013-01-24/m ... sa/4481982

http://www.adelaidenow.com.au/news/sout ... 6560401043


If this is for real its goodbye Saudi Arabia!

Massive but it's shale oil. Environmentally very destructive to exploit it.

[Paphitis]

Yeh it is true. There has been a lot in the media about this but still early.

There is another massive deposit west of Port Lincoln through to Perth almost and stretching the entire Great Australian Bight. Apparently that is even bigger and Woodside is already drilling in a few places.