thedailybell.com / By Staff Report / January 25, 2013
$ 20 trillion shale oil find surrounding Coober Pedy ‘can fuel Australia’ … Coober Pedy has between 3.5 billion and 233 billion barrels of oil could change Australia from oil importer to exporter … South Australia is sitting on oil potentially worth more than $ 20 trillion, independent reports claim – enough to turn Australia into a self-sufficient fuel producer. Brisbane company Linc Energy yesterday released two reports, based on drilling and seismic exploration, estimating the amount of oil in the as yet untapped Arckaringa Basin surrounding Coober Pedy ranging from 3.5 billion to 233 billion barrels of oil. At the higher end, this would be “several times bigger than all of the oil in Australia,” Linc managing director Peter Bond said. This has the potential to turn Australia from an oil importer to an oil exporter. - Advertiser
Dominant Social Theme: We are running out of oil and fracking is just a ruse to keep us believing in a consumer society for a while longer.
Free-Market Analysis: For years, so many years, we’ve launched article after article pointing out the insanity of beliefs in elite “scarcity memes . ”
And Peak Oil has been one of the most stubborn and longest-lasting. We’ve Argued that the market itself (theInvisible Hand ) would find a way to generate energy – via more oil or with other energy sources – if oil was actually running out. But we did not really think WHAT oil running out. We Believed it was just another manipulation.
We’ve traced that manipulation many times. Just search for Peak Oil and Daily Bell. It’s laid out in detail, and to give credit where credit is due, we are not the only alternative to mainstream journos have made the case. There are plenty of others who’ve delved into the Peak Oil scam and exposed it.
Memes like peak oil and global warming are, in fact, propaganda … launched by a power elite that wants to control the world and needs to frighten people about the availability of basic resources in order to do it.