In a letter of 24th February to a Qld MP, in response to a constituent's inquiry, Federal Minister for Industry, Tourism and Resources, Ian McFarlane, said

"In conclusion, I am confident that the Government has a broadly based strategy to improve the operation of our energy markets and to diversify our energy mix, so that Australia is well prepared to deal with the changing dynamics of global oil supply."

There is a lot of competition, but this may well rank as one of the less soundly-based statements of our time.