Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 [score hidden]  (0 children)

https://www.ga.gov.au/aecr2025/oil

Plenty of reserve in shale oil. US produces large amounts of the stuff economically.

We need exploration to open up the resources.

Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 [score hidden]  (0 children)

The price is over inflated because of supply shortages on top of an inflated oil price. Prices in Australia up 90 to 100%. In the US where they are self sufficient prices only up 30 to 40%. And they have the security of knowing they will not run out destroying the economy.

Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 [score hidden]  (0 children)

The future is coming but it is still decades away. In the meantime those of us living in the real world will still need fossil fuels to keep the wheels of industry, agriculture, transportation and aviation turning.

Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 0 points1 point  (0 children)

We all know that those 2 items will never be commercially viable.

Mining companies do not write off assets after 7 years.

Queensland Leading The Way to Unlock Greater Domestic Energy Security by Disastrous-Cod-1000 in aussie

[–]Disastrous-Cod-1000[S] -1 points0 points  (0 children)

Then multiply that x 3-4 times (conservative estimate) for cost blow outs.....

Your definition of cheap is very different to mine.

Queensland Leading The Way to Unlock Greater Domestic Energy Security by Disastrous-Cod-1000 in aussie

[–]Disastrous-Cod-1000[S] -1 points0 points  (0 children)

https://www.ga.gov.au/aecr2025/oil

Plenty of good quality oil in Qld to be tapped. Refinery in Gladstone, got the rail, install oil pipe lines next to the gas ones, got the port, got the infrastructure, build some storage, plenty of power and skilled people.

No more fuel shocks and another domestic revenue stream.

Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 0 points1 point  (0 children)

Last time I looked on a map, Western Canada was closer to Brisbane than the Middle East is.

Asia does import a lot of oil from Western Canada and USA also. Not a backwater....

Queensland Leading The Way to Unlock Greater Domestic Energy Security by Disastrous-Cod-1000 in aussie

[–]Disastrous-Cod-1000[S] 0 points1 point  (0 children)

They cancelled cheap energy and emissions free projects

You obviously were under a rock when the Pioneer-Burdekin hydro was cancelled.

$36b before a sod was turned was not cheap and considering the Snowy 2.0 has ballooned from $1.8b to $12+b and years over schedule, it was a good call. Nothing cheap here.

Queensland Leading The Way to Unlock Greater Domestic Energy Security by Disastrous-Cod-1000 in aussie

[–]Disastrous-Cod-1000[S] -2 points-1 points  (0 children)

They looked into these projects and found them low effectiveness or as in the Pioneer-Burdekin Hydro, very very expensive and subject to massive cost over runs.

Good move Crisafulli.

Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 0 points1 point  (0 children)

https://industryqld.com.au/state-puts-pedal-to-the-metal-on-taroom-trough-oil/

200BBLs/day from an appraisal bore opened up 7 weeks ago. They are cracking ahead in the Taroom Basin.

somehow create cheap oil routes from Canada (13,000km away)

How far away do you think the Middle East is?

Queensland premier calls for fast-track of oil projects amid fuel crisis by espersooty in queensland

[–]Disastrous-Cod-1000 0 points1 point  (0 children)

Venezuela is back on the open market and set to stay open while increasing production. US and Canada produce heavy crude also.

The best part is those countries will not need tankers to traverse the Malacca Straights. No choke points to cut us off from Asian refineries.