• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 3 hours Waste-to-Energy Chugging Along
  • 7 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 7 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 2 hours Let's Just Block the Sun, Shall We?
  • 4 hours Venezuela continues to sink in misery
  • 19 hours Regular Gas dropped to $2.21 per gallon today
  • 4 hours What will the future hold for nations dependent on high oil prices.
  • 17 hours Zohr Giant Gas Field Increases Production Six-Fold
  • 13 hours UK Power and loss of power stations
  • 17 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 1 day $867 billion farm bill passed
  • 1 day USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 13 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 18 hours Global Economy-Bad Days Are coming
Asian Oil Futures Point To Higher Crude Prices

Asian Oil Futures Point To Higher Crude Prices

Asian Crude and LNG futures…

Chinese-Venezuelan Joint Venture Doubles Oil Production

Chinese-Venezuelan Joint Venture Doubles Oil Production

A joint venture between troubled…

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