AUSTRALIA’S OIL WEALTH.
Only a few weeks ago Sir G. Knibbs frightened the Australians by declaring that the oil supplies of the world were in danger of early extinction. Now another Australian, Professor David, of Sydney University, reassures us with the information that the visible coal measures of the Commonwealth. contain sufficient coal- oil to keep Australia going at her present rate of consumption for 1000 to 1200 years. It is all a matter of using improved methods of working and ventilation in the coalmines. With them it would be possible to save two gallons of oil from every ton of coal raised,
and as there art l ' 35,000 million tons of coal visible in Australia that would give a yield of about 69,000 million gallons of oil. Thon Tasmania is believed to possess 83,000,000 gallons of shale oil, and oilfields are liable to come to light in the 10,000 square miles of territory in New Guinea between the Sopik river and the Dutch border.
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Bibliographic details
Wairarapa Age, 16 December 1924, Page 4
Word Count
165AUSTRALIA’S OIL WEALTH. Wairarapa Age, 16 December 1924, Page 4
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