Sheikh Kloppers and BHP's 'new Saudi'

Fracking technology has unlocked the energy equivalent of a new Saudi Arabia in America, with dire consequences for Australia's expensive gas sector. Thankfully, BHP is prepared.

Australia needs to wake up and realise what’s happening in the United States is not fantasy. Fracking technology has enabled the energy equivalent of Saudi Arabia to be discovered in America. That’s why the cost blowout at Chevron's Gorgon liquefied natural gas project is so dangerous to Australia – it reinforces the chilling message that this is a difficult and high cost country to operate in.

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