Don't worry, if this latest potential outback Australian oil find comes to fruition, we will potentially be the second largest oil exporter in the world and might get some pricing relief for a long time.
Im pretty sure there is a very large oil reserve in Oz, the oldest continent, and most was an ocean floor at some time in the past...
as for cheaper if we become a world oil producing power, HAHAHAHA this IS Australia remember, we will sell it cheap offshore, then buy it back at a stupidly high markup. do you think the green groups will allow new refineries? Sydney is in the process of closing down its last refinery as we speak.
