“The Next Saudi Arabia”: An Australia Desert Town of 3,500

If the preliminary data is true, the Land Down Under will soon have 12 percent of the world’s oil reserves.

In January, officials in Australia announced they had found a shale oil field that contained more “black gold” than what’s found in Iran (137 billion barrels), Iraq (115 billion barrels), Canada (175 billion barrels) or Venezuela (211 billion barrels). Discovered underneath the small Southern Australian town of Coober Pedy in the Arckaringa Basin