Tuesday, July 16, 2013

Resource shortage? Not In Australia.

I won't be holding my breath for gas prices to go down, although that is actually the way it works in free markets outside of communist countries.

Previous oil reserves found in ocean territorial waters around Australia should have the price of gas at 4 cents a litre here but strangely enough market systems do not appear to function when it comes to supply and demand for oil.

I have seen the coal seams out west. There is enough coal to power our electrical needs for the next 10,000 years without batting an eye. Electricity should be free and unfettered and the government should actually ask people to leave lights on and run devices when not at home just to keep up demand. That doesn't seem to be a sane venture here either. I hope this new discovery changes that.


Online Predator said...

Hi. (It´s me under a new name, iese_83)... This is good news !. Quite amazing, and it would liberate the west in an ...well i guess almost unprecedented way, if it was actually tapped into. Anything that´s bad for the Saudi´s is fine by me !.

Up yours Arabia !

FrankNorman said...

Not really on topic, but concerning "Melonheads"...

Grognard said...

The sheiks are fools, squandering the resouces that could have lasted their people 10,000 years in a few generations.

There's also plenty of reserves in USA and Russia but wise man conserves when he can.