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It is certainly a sign of the times when such vast areas under Commonwealth control are brought to market for exploration. In our want for life as usual we will go to any lengths to get the energy we need. Damn the subsistance, lets open the coal belt that runs under Sydney to long wall mining, that should make up some of the energy shortfall.
On a different note can anyone shed any extra light on the Bakken formation in North America? I have heard various claims as to the size and types of oil formations there are. From 508 billion barrels of light sweet crude to 200 billion of recoverable from oil shale.
I'm sure some of you out there have a better understanding than a punter like me. Thanks guys.
I've asked for someone to do a proper analysis of the Bakken as a TOD main post.
See the Lou Grinzo post I point to here for one of the better pieces I've seen so far :
http://peakenergy.blogspot.com/2008/04/bakken-oil-formation-big-or-boond...