Thursday, January 24, 2013

Huge Oil Deposit In Australia?

From TheYoungTurks

" Australian resources firm Linc Energy said it had uncovered a huge oil deposit in the nation's vast outback in a discovery hailed Thursday by officials as worth some Aus$20 trillion (US$21 trillion).

Linc said two independent reviews of its three deposits in central Australia's Arckaringa Basin had estimated there was up to 233 billion barrels of shale oil trapped within its rocks."*

There is apparently a huge deposit of oil in the Australian outback, which the nation is excited about, because it may represent energy independence for them. It just leaves us soon until we invade Australia? Cenk Uygur and Ana Kasparian discuss the discovery.

*Read more from AFP:


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