• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 15 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Does Toyota Know Something That We Don’t?
  • 4 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 hours America should go after China but it should be done in a wise way.
  • 7 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 6 days China is using Chinese Names of Cities on their Border with Russia.
  • 7 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 7 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 6 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 7 days Putin and Xi Bet on the Global South
  • 7 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 8 days United States LNG Exports Reach Third Place
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
A Signal of Strong Short Term Demand in Oil Markets

A Signal of Strong Short Term Demand in Oil Markets

A significant development this week…

Oil Prices Remain Rangebound As Volatility Fades

Oil Prices Remain Rangebound As Volatility Fades

Oil price volatility has fallen…

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

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News