Abstract
Shale oil as a fuel source would need to compete with crude oil. The prospects for shale oil therefore depend upon the market outlook and likely prices for crude oil and its products. These are examined for both the world and Australia. For Australia, market prospects for shale oil are assessed in terms of maintaining a degree of self-sufficiency in petroleum fuels. Shale oil might also need to compete with other synthetic liquid fuels. The prospects for producing these in Australia are discussed. Some factors which might influence the pattern of development of a synthetic liquid fuels industry in Australia are described and a role suggested for the federal government to ensure optimum development for national economic growth.
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