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Tuesday, 4 December 1973
Page: 2373

Senator CARRICK (NEW SOUTH WALES) I n directing a question to the Minister representing the Minister for Minerals and Energy, I refer to the growing energy crisis and to the fact that Australia currently depends upon imports for 30 per cent of its oil supplies. I refer also to informed predictions that, in the absence of further oil discoveries in Australia, Australian production will fall to 45 per cent of our requirements by 1980 and to under 10 per cent by 1990. In view of the urgency of initiating maximium oil exploration in Australia, requiring an investment of at least $250m a year, will the Government assure the Parliament that full incentives will be granted immediately to enable oil search of that magnitude be undertaken?

Senator WRIEDT (TASMANIA) (Minister for Primary Industry) I think that everybody is aware of the circumstances which have been outlined by Senator Carrick. His question is very similar to one which was asked of me previously

this morning. A part of his question relates to Government policy. It certainly is not my responsibility to make any comment in respect of that matter. As to the other section of his question, I shall refer it to the Minister concerned and obtain an answer.

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