00:02Liquid gold, lighting a fire under the Premier.
00:06This has the potential to be the first oil exploration of this scale in this nation in over half a
00:12century.
00:13Oil exploration at the Tarum Trough near Roma, now yielding 300 barrels a day, up from 200 more than six
00:22months ago.
00:23Though early days for the fledgling site...
00:25It's the potential for what lies ahead that excites me the most.
00:29The Tarum Trough is a generational opportunity.
00:32It's of the equivalent scale to Bass Strait.
00:35Oil was discovered here decades ago, but there was renewed focus during the fuel crisis
00:41sparked by the Iran war and blockades in the Strait of Hamuz.
00:46The crude oil is still years away from widespread market use
00:50and the months ahead will ascertain its true capacity.
00:53That $1.2 billion is currently being invested by the private sector into exploration and expansion in the Tarum Trough.
01:03The Premier has touted Tarum as a way to reclaim Queensland's fuel sovereignty and deliver petrol pump relief.
01:12But the opposition says its plan to cap fuel increases at five cents a day could provide immediate help to
01:20households.
01:21A bill that the RACQ has said would save Queensland families, Queensland motorists $1,200 every year.
01:30That means that so far as a way to regain the amount of fuel and the other day could be
01:30used.
01:30It's a big deal.
01:30It's a big deal.
01:32It's a big deal.
