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Poppy Johnston

THE TRUTH ABOUT: Budget tightrope to cut oil dependence ease inflation | History Defined

Alison Reeve Oil Andrew Blakers Chris Bowen Mick Tsikas Australia

Is Australia's fuel security crisis ultimately best met by stronger investment in renewable energy? (Michael Currie/AAP PHOTOS)

War in the Middle East and the fuel crunch it has triggered have forced a frantic redrafting of the federal budget papers.

Before the conflict disrupted the narrow stretch of water that roughly 20 per cent of global oil supplies sail through, penny-pinching and reform was being touted to improve Australia's long-term financial position.

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