The Future of a Changing World Energy Market

[Drop_Bear]

According to tonight’s Nine TV news, the last time Australia met its IEA fuel reserve obligations was 2012. As @mark_m implied, we now don’t even have enough storage capacity. What changed after 2012? Might explain apparent obfuscation of the data (by “reorganising” relevant department[s]).

@PhilT

Events have progressed.

Is a stockpile that isn’t even in the country really strategic?

Getting back on topic, one way to address the strategic reserve issue would be to reduce our reliance on imported liquid fuels. Developing Australia’s abundant renewable energy resources would be a good start.

[edit]
Speaking of which:

South Australia could meet state Liberals’ 100 pct renewables target 5 years...

It’s not by chance that the two states in Australia with the most ambitious renewable energy policies – Tasmania and South Australia – are the ones without a coal industry in their backyard.

And that probably explains the second, more surprising observation, which is that both the Tasmania target – 200 per cent renewables by 2040 – and the South Australia target – net 100 per cent wind and solar by around 2030 – have been set by state Liberal governments. Both states have grand ambitious to be significant exporters of excess renewables output.