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Remember how low oil prices were recently?

WESTERN Australia's mineral and petroleum earnings saw a record through 2020-21 but this was largely driven by the mining sector and iron ore, while petroleum saw a decline.

2020-21 saw record earnings

2020-21 saw record earnings

The statistical release by the state government last week noted the astonishing drop in oil and gas revenue, something that seems barely conceivable given oil has been above US$100 per barrel since...

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