Australia is already the most expensive place in the world to live because we have to import everything else, even our income. What would the Aust economy be if it wasn't for the Tourism industry? It would be nothing.
Peak oil is not a myth infact it is a weapon of war. Check out the history of the 1973 oil crisis.
http://en.wikipedia.org/wiki/1973_oil_crisis
In 1973, the Shah of Iran told the New York Times, "Of course [the world price of oil] is going to rise....Certainly! And how...; You [Western nations] increased the price of wheat you sell us by 300%, and the same for sugar and cement...; You buy our crude oil and sell it back to us, refined as petrochemicals, at a hundred times the price you've paid to us...; It's only fair that, from now on, you should pay more for oil. Let's say ten times more."
More proof that buying Gold and preparing for the worst is the best thing I can be doing right now.
We are at war gentlemen. Don't forget that all another country needs to do to wipe us out is increase the price of something until we are buying everyday items with debt. Oh wait. That already happened.
I see a future where Australia's population is living like Africans on food rations. We are at the mercy of a Global economy and if the US or China go to war (with nukes) we are finished as who knows what kind of insane economic conditions our economy could stay afloat in. As it is right now we are barely staying afloat on the back of a global economy that is doing GOOD. Nevermind one that has collapsed entirely.
Btw the safest method of storing petrol is in individual Jerry cans. If you get a puncture in one you only lose 20 litres instead of 50-150 litres and they are easy to move around in the event of having to de-*** the area. Don't bother with ex-army jerry cans as they have seen too much use. Only buy the brand new ones, which are pretty expensive but worth every penny.