Australia imports almost all of its oil, and there are pitfalls all over the globe
- Written by Anthony Richardson, Research Fellow, Future Social Service Institute, RMIT University
An oil tanker leaves Sydney Harbour.Saberwyn/Wikimedia Commons, CC BY-SAAustralia’s fuel security is far more precarious than we might realise. Not only do we not have the internationally mandated 90-day stockpile, but the ongoing closure of Australia’s refineries means we are on track to be 100% reliant on imported petroleum by 2030....