what could spoil the party?, page-17

Inflation is up to 2.7% which is towards the top go the RBA's comfort zone
and the next move in interest rates is likely to be up & not down.
We're importing inflation with a low $AUD, particularly the pricing of
petrol and diesel which is set in $USD ( petrol by the Singaporean wholesale
price in $USD and diesel by Saudi wholesale pricing, again in $USD)
Like the USA we simply have to become petrol and diesel self sufficient
It is quite ironic that when oil was $20 US/bbl we were a net exporter of oil
and now we import over 60% of our needs.

Msrs Abbott & Hockey have to wake up before it is too late.

We can readily become oil self sufficient if the government encourages
onshore exploration and moderates native title claims.

Cheers
moorookamick