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article imageOp-Ed: As Canada and US step on the gas, Australia may hit the brakes.

By Robert G Cope     Feb 7, 2013 in World
Melbourne - With the population of Illinois, Australia has gas to spare. Developments in Canada and the US are, however, expected to undercut Australia’s push to become one of the world's largest exporters of hydrocarbons.
Within five years, 2018, according to The Age reporter Brian Robin, Australia's consortium of ConocoPhillips and Origin could lead Australia onto the short list of top world providers.
On the same day as The Age report, Leigh Goessl, in an Op-Ed media report for Digital Journal raises environmental issues regarding fracking-risks, the process for releasing vast quantities of oil and gas in western Canada, and at least in Colorado, North Dakota and Texas.
All this gas, of course, will satisfy North American needs for energy allowing a politically strong consortium of companies, including Shell, PetroChina, Korean Gas and Mitsubishi Corporation, access to the extensive North American reserves, thus reducing, even eliminating, needs for Australian exports.
With the potential revenues, profits, jobs, tax receipts and likelihood of energy independence for the US and Canada, the environmental issues are likely shelved.
So, as soon as the increased capacity of the Panama Canal (financed by the USA) is achieved, late in 2015, the small population of Australia (half that of California) may have a glut of gas and cheap prices.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of DigitalJournal.com
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