Wednesday, August 24

Caution In The Gas Rush

AUSTRALIA could become the "Saudi Arabia of gas", according to the federal Minister for Regional Development, Simon Crean.

It's a descriptive expression, capable of interpretation to suit the opinions of both major camps in the gas debate.

To those companies now rushing to prove resources and planning pipelines, power stations and export terminals, the description conjures notions of vast energy profits.

To those who are worried about the potential effects of thousands of gas wells on the nation's underground water resources, the desert imagery matches their fears.

Mr Crean, in the remainder of his Saudi Arabia speech, said the only things a federal minister could sensibly say on the subject.  Read More

Newcastle Herald

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