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AAP
AAP
Business
Poppy Johnston

Budget tightrope to cut oil dependence, ease inflation

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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