Soaring petrol prices spark oil hunt Down Under

The price of petrol has nudged past $1.70 in some Australia cities, prompting people to question whether there are any untapped oil reserves in our own backyard.

And the president of the Geosciences Council, Dr Trevor Powell, has been singled out by the oil exploration industry to identify potential sites.

“The areas that appear to have the greatest promise is the southern margin from Australia – extending from roughly Kangaroo Island, round the south-western tip of Western Australia,” Dr Powell said.

ABC