• 5 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 minutes Iranian Sanctions - What Are The Facts?
  • 15 minutes U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 25 mins Can the World Survive without Saudi Oil?
  • 16 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 2 hours Sears files Chapter 11
  • 2 hours Natural disasters and US deficit
  • 2 days COLORADO FOCUS: Stocks to Watch Prior to Midterms
  • 15 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 2 days $70 More Likely Than $100 - YeeeeeeHaaaaa
  • 13 hours German Voters Set to Punish Merkel’s Conservative Bloc
  • 1 day How Long Until We Have Working Nuclear Fusion Reactor?
  • 2 days China Thirsty for Canadian Crude
  • 2 days China Tariff Threatens U.S. LNG Boom
  • 8 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 14 hours Saudi A Threatens to Block UN Climate Report
  • 13 hours Nothing new in Middle East? Iran Puts On 'Show Of Strength' Military Exercise In Gulf
Russia To Resume Gas Imports From Turkmenistan

Russia To Resume Gas Imports From Turkmenistan

According to Aleksei Miller, Gazprom’s…

U.S. Oil Companies Face $240 Billion Debt Mountain

U.S. Oil Companies Face $240 Billion Debt Mountain

U.S. oil producers are facing…

Australia’s Proposed Coal-Seam Natural Gas Mining Controversial

West Australian Premier Colin Barnett stated that the territory’s proposed coal-seam natural gas mining will be one of Australia’s biggest environmental potential threats and supported the necessity of mining companies to respect the rights of farmers.

Barnett said "The situation in Queensland is where the extraction of tight gas does have a significant impact visually and some very complex and risky environmental impacts on water tables. I think it will probably be one of the big environmental issues facing Australia," The Australian newspaper reported.

Barnett added that mining companies should respect farmers’ rights and that in Queensland its farmers had the right to veto mining on their land, noting, "In Western Australia, freehold property owners do have a veto over mining; that's been in place a long time. Generally you get negotiated outcomes between mining companies and farmers. Or, in some cases, if there's a resources deposit, often the mining companies simply buy the land and work around it. You're talking about a sophisticated mining industry and part of that sophistication means dealing with landowners in a sensible way. It will be an issue, but I'm sure there will be some resolution."

Over the last decade Australia has emerged as an energy powerhouse for East Asian economies; each month Australian iron ore and coal exports bring in more than $8.3 billion, primarily going to feed China’s ravenous steel mills and furnaces.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News