1 week ago
Australia needs its own fuel reserves
The heightened risk to Australia’s energy security from external shocks was starkly illuminated by the September 14 missile and drone attack on two of Saudi Arabia’s key oil installations, halving …
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4 weeks ago
Scott Morrison will push Trump for fuel security deal in White House talks
Prime Minister Scott Morrison will raise a plan to buy millions of barrels of oil from America’s vast, closely-held fuel reserves to guarantee Australia’s liquid fuel security when he meets …
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4 weeks ago
More Australia’s fuel supplies vulnerable if Middle East conflict cuts supply
Last weekend’s attack on Saudi Arabia’s biggest oil-production facilities is a stark reminder of the vulnerability of the world’s oil supplies.
More than 5 per cent of global supply was …
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2 months ago
Australia will need more petroleum imports, but where will we get them from?
Since 2003, Australia has become heavily reliant on oil imports as demand rises but four refineries closed and none have replaced them.
The most recent Australian Bureau of Statistics estimates …
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2 months ago
Low fuel stocks endangering Australia’s economy and security
FOR SOME TIME now there have been rumblings in the media about how low the nation’s fuel reserves have been allowed to get to. I first read about it over 18 …
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2 months ago
Fuel efficiency standards better than a Trump deal
The Morrison Government should change tack on vehicle emission standards to better address fuel reserve shortage risks, according to a leading advocate for boosting Australia’s stockpiles.
John Blackburn, chairman of …
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2 months ago
Fuel deal won’t lessen risk of pumps running dry
Energy Minister Angus Taylor has announced that the government is negotiating to buy millions of barrels of oil from America’s fuel reserve under an emergency strategy to lower the risk …
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2 months ago
Australia looks to access US fuel reserves to shore up supplies amid Persian Gulf tensions
Australia is eyeing off the United States’ tightly guarded fuel reserve as it seeks to overcome having less than a third of the stocks it should.
It comes as Australia …
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3 months ago
PEAK BODIES IN JOINT FUEL SECURITY CALL
The transport sector’s vulnerability to impacts from global fuel disruptions means now is the time to take action on Australia’s liquid fuel security.
That is the joint message from peak …
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3 months ago
Australia urged to move away from oil dependency or risk fuel supply crisis
Australia should dramatically decrease its oil use to ward off a potential crisis by tightening fuel-efficiency standards, introducing electric vehicle targets and increasing public transport use, the Australia Institute has …
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