Bob Katter (Kennedy, Katter's Australian Party) Share this | Hansard source

Treasurer, one 10th of our entire export earnings, $62,000 million, boomerangs offshore to buy fuel. Since our question to the Prime Minister last week, truckies, tourism operators, farmers and families are now paying 25c a litre more at the bowser. Since 2005, we've repeatedly moved that 32 per cent of our fuel requirements be met from our own offshore oil reserves. This is without even tapping our oil shale. Brazil, America and Europe all have ethanol, whilst China and India have announced ethanol. Will the budget continue to say no to ethanol for another 30 years?

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