Slugcatcher wonders what lies ahead of the newest petroleum leaders, Australia and the US.">

AUSTRALIA

Oz needs to follow the Norwegian example

ONE of life's great ironies is that the world's "petro-states" are also some of the poorest countries on the planet, and certainly among the unhappiest, which is why <i>Slugcatcher</i> wonders what lies ahead of the newest petroleum leaders, Australia and the US.

Australia, as it flicks the "on" switch at three new LNG projects, will earn its petro-state credentials by overtaking Qatar as the world's biggest exporter of liquefied gas. The US, thanks to the unconventional...

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