Australia’s Fuel Reserves dip below 90 Days

The International Energy Agency mandates that countries should at least hold 90 days of fuel reserves, meanwhile, Australia’s fuel reserves have dipped below 90 days. Due to this low supply, Malcolm Turnbull has announced a review of Australia’s fuel security and calls this review “good housekeeping.” Australia’s relies heavily on imports for its fuel which makes us vulnerable to disruptions especially given the disputes in the South China Sea. The Parliamentary Joint Committee on Intelligence and Security (PJCIS) is treating this low fuel supply as a national security issue. 2SER was joined by Paul Barnes the Head of Risk and Resilience Program at the Australian Strategic Policy institute to discuss more.

 

 

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