 | The Bullroarer - Wednesday 6 February 2008 | TOD: Australia/New Zealand | Peak Oil and The Northern Link Environmental Impact Statement |  |
39 comments on A Vision Splendid or Selective Myopia: Exploiting the Australia 2020 Summit
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Our greatest problem is the innumeracy of politicians who think that our reserves of 750.6 billion cubic metres is a lot of gas. If you took an informal poll of our pollies and gave them the number and asked what percentage of global reserves it represents I wager that the answer would be between 25% and 50%!! Well ye know it's a bloody big number!!!
None would think that the new field found in Iran represents a little under half of our proven gas reserves and certainly none would understand we have so little gas that it represents only .43 of ONE PERCENT of global gas reserves - and I understand about half is already contracted to China. By the way the CIA factbook recently has downgraded our gas reserves a little over 8.5%!!!!
Governance for the good of the nation? Well I suppose I ask too much! Arn't they there to just ride the election cycle??
We may only have 0.43% of world gas reserves - but we're on our way to be the world's second largest gas exporter.
For a short while...
Solo, agree on this point. STCWA & ASPO have directly briefed Premier Gallop and then-Resources Minister Carpenter & Treasurer Ripper in the past 3 years and NONE realised our gas reserves were less than 1% of world reserves- and they are running Western Australia!