I won't be holding my breath for gas prices to go down, although that is actually the way it works in free markets outside of communist countries.
Previous oil reserves found in ocean territorial waters around Australia should have the price of gas at 4 cents a litre here but strangely enough market systems do not appear to function when it comes to supply and demand for oil.
I have seen the coal seams out west. There is enough coal to power our electrical needs for the next 10,000 years without batting an eye. Electricity should be free and unfettered and the government should actually ask people to leave lights on and run devices when not at home just to keep up demand. That doesn't seem to be a sane venture here either. I hope this new discovery changes that.