The scale of the resources boom is staggering, as noted in Deputy PM-Treasurer Wayne Swan’s speech to federal parliament yesterday:

We have an unprecedented investment pipeline that is continuing to build, with a staggering $430 billion planned in resource investment alone…In fact, 40 per cent of our resource investment pipeline is already under construction or scheduled to commence. Projects like Gorgon, Gladstone LNG, Queensland Curtis LNG and Australia Pacific LNG are already making a significant contribution to our resources investment. Together, these will account for around $90 billion in capital expenditure over the coming years and will lead to a stream of exports.

Queensland is obviously playing a major role, though WA gets the star billing:

That chart is from a paper by RBA economists Ellis Connolly and David Orsmond released yesterday which was presented at the recent Australian Economy in the 2000s conference.