Natural Resources
See also: Energy in VictoriaA number of oil and gas fields exist in Bass Strait. The eastern field, known as the Gippsland Basin, was discovered in the 1960s and is located about 50 km off the coast of Gippsland. The oil and gas is sent via a pipeline to gas processing facilities and oil refineries at Longford, Western Port, Altona and Geelong, as well as by tanker to New South Wales. The western field, known as the Otway Basin, was discovered in the 1990s offshore near Port Campbell. Its exploitation began in 2005.
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“The open frontier, the hardships of homesteading from scratch, the wealth of natural resources, the whole vast challenge of a continent waiting to be exploited, combined to produce a prevailing materialism and an American drive bent as much, if not more, on money, property, and power than was true of the Old World from which we had fled.”
—Barbara Tuchman (1912–1989)