How does the petroleum and oil industry benefit to the Australian Economy? ASAP!?!?

I have an assignment due on the Petroleum and Oil industry and i just cant find alot about how its beneficial to the Australian economy. Please help? ASAP!??!

2 Responses to “How does the petroleum and oil industry benefit to the Australian Economy? ASAP!?!?”

  1. James W Says:

    Perth and Fremantle Australia have a large oil/gas business that suppliments their economy. Australia actually has huge reserves of gas. The Gorgon field (of which Chevron is the operator) has like 30+ TCF of gas. Unfortunately (or fortunately if your an environmentalist) there is no market close by as Australia’s population is relatively small and does not consume much. Chevron (along with partners) has proposed building an LNG terminal. For Australia this means – more jobs, more competition for workers – higher wages, increased exportation, access to a secure source of cheap energy, and higher tax revenue for the state.

  2. havadan Says:

    Do not Australians consume oil ?
    Any government could create benefit with taxation of most needed and consumed products.