Sell the oil to China and free yourself from the US power and british tyranny !!!
Don't worry about the evil USA, Mother China will probably find one archeological evidence showing that Australia was discovered by one chinese traveller and part of China in the past.
But seriously, remember that China really needs this oil and will probably bid a lot more than USA to get it. They are thirsty in the desert and you own water.
It's time to tame China and to create with them one real "partnership" dominated by Australian oil and minerals. You can change the future of the region, if you play well. You can become the dominant power.
Just play the right cards and don't imitate Canada. Take that Canada, Australia has more oil than you now.
Australia can now stop to sell camels to Arabs in exchange of oil and sell oil to China in exchange of everything. Be clever.
Let's go Australia.