fuel security

THE attack on a crucial Saudi oil facility last month shows again the fragility of Australia’s reliance on market forces and international shipping for its supply of liquid fuel.

Thankfully, …
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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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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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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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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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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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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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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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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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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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