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10 comments on The Bullroarer - Wednesday 16 July 2008
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10 comments on The Bullroarer - Wednesday 16 July 2008
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GAIA Host Collective
Aussie oil, gas industry 'could suffer'
Full article @ http://tradingroom.com.au/apps/view_article.ac?articleId=152138
They'll go. Then the stuff overseas will run short, and they'll come crawling back.
I can't see it having any meaningful impact on gas developments at all - if they can find customers and they can find skilled labour, then projects will be built. Its as simple as that.
As for oil exploration, I think the combination of high prices and declining domestic output shows that there either isn't much oil left or they couldn't be bothered hunting for it before. Regardless of which is true, lets kick the oil habit and not care if they go or stay.