Australia is heavily reliant on imported fuel, mostly for transport needs.
As part of an international agreement Australia is expected to hold a minimum of three months fuel reserves in stockpile/storage.
Typically Australia holds only three to four weeks supply. The majority of the feed stock is imported, while local refining capacity provides for only half of our needs. (One more excuse for petrol prices to bounce around.)
As a consumer it’s unsettling to know just how vulnerable we all are.
The ‘Great ScoMo’ has suggested Australia turn to the USA to access their vast strategic reserves to meet the commitment and ensure security of supply. Doubtless access to this supply also comes at a discounted price, with no Trump card strings attached. It can also pass instanteously through the magicians disappearing cabinet on the other side of the world, to reappear near Canberra.
Are there alternatives that require less magic?
Ways forward that protect consumers from loss of supply, even if they require a rethink of government policy!
Apologies to all genuine magicians, for the thought ‘The Great ScoMo’ and political slight of hand might qualify for admission to the magic circle. While miracles apparently aren’t considered magic, distraction is a core skill?