This paper examines the properties of Australian indigenous crude oil and the changes to Australian refinery process- ing required after the Gippsland crude finds in the late '60s. In addition the paper details the dif- ferent crudes available to Australian ref ineries and the relative product yields in relation to Australian crudes. Market demand for petroleum products both now and in the future is then related to the products yields. The paper also examines the impact of the OPEC induced crude price spiral and the subsequent changes in refinery engineering, current and projected market demands, and energy conservation measures both inside and outside the industry.