"It might have been offset for us if the revenue from our own oil and natural gas that was just developing had been available to the Labor Government, but the oil revenues were just coming in when Labor fell in '79"
- Barbara Castle
About this Quote
In this quote, Barbara Castle is reviewing the obstacles dealt with by the Labor Government in the late 1970s. She suggests that the scenario might have been different if they had access to the earnings from their own oil and natural gas resources, which were still in the early phases of development. Nevertheless, the timing was unfortunate as the government fell in 1979, just as the oil profits were starting to come in. This highlights the missed chance for the Labor Government to gain from their own natural deposits and possibly enhance their monetary scenario. It likewise functions as a suggestion of the unpredictable nature of politics and how external factors can considerably impact a federal government's success.
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