If you want energy security look for oil&gas

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    'Alarmingly low' oil supplies may prompt more drilling in Great Australian Bight, minister warns


    Updated yesterday at 5:34pm -15.5.2018

    Concerns about national security and energy supply could prompt further bids to drill for oil in the Great Australian Bight, the Federal Resources Minister has warned.
    In his address to the Australian Petroleum Production and Exploration Association's (APPEA) annual conference in Adelaide on Tuesday, Federal Resources Minister Matt Canavan said the Bight could play a vital role in bolstering Australia's domestic oil supply.
    Mr Canavan said Australia's oil production had dropped to alarmingly low level...

    *** The Federal Government re-issued two exploration permits abandoned by oil giant BP last year to Norwegian company Statoil.

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    http://www.abc.net.au/news/2018-05-...ling-likely-in-bight/9763932?section=business
 
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