Thread: Stockton Beach Access Protest 2nd Feb

Originally Posted by frantic

It's not scamming, it's accountants planning, and it is on topic of lockouts.

Put it simply mineral A is in a state CONservation area and would cost $xx/unit to mine which is at or higher than the current market rate. But projections show that within 10 years the mineral A will be far more expensive so the profitability of that extraction would increase. A perfect example is shale oil, we shut it down based on costs in the blue mt.'s. the U.S plan is to increase production of shale oil and become a net exporter by 2030. How long till the blue mt.'s become economically viable again? Shale to drive oil production in US to new high by 2014 — RT

The Blue Mountains, Joadja and the historically mined deposits are not viable and have not been since they were closed.

The US deposits in the Green River Tri-State (Wyoming, Utah, Colorado) deposit are enormous (and yes, mostly on Federal owned land for strategic reasons) - recoverable oil is probably more than the Middle East.

In Australia the most likely usable deposit is at Julia Creek in Queensland, probably even bigger than the Green River deposit:
Australia Oil Shale Deposits | Map, Geology & Resources

It has few neighbours to be too affected and it still is not viable and would probably initially be an open-cut mine with nearby processing. By-products of uranium and vanadium are a bonus. Elsewhere in Qld the Gladstone operation proved it could be done - but not economically.

In the first oil crisis (actually a price crisis) over thirty years ago there was significant work done on coal/oil conversion and particularly on ethanol as a fuel extender using sugar cane and cassava. The OPEC cartel kept tabs on this research around the world and kept their price lower than the economic cost of the alternatives - witness the drop in crude prices by the mid-80s.

The fact that there are now these alternatives (besides coal and uranium) has since kept OPEC more reasonable.
Maybe someone still in the industry can add more.

Bob

Originally Posted by FenianEel

I watched a news article about a guy that wanted jumped the Sydney heads on a motorbike...doesn't mean it was ever even a remote possibility of happening

Monorail?
Have you ever been to Fraser?

Ever been to Fraser ? More then you I'm sure. I ran a busines hireing 4wds out of rainbow beach. To to answer your question tool bag. Yes I have