Was the US attack on Iran the right thing to do?
Total Voters: 31
Loading ...But as our oil reserves have declined then it doesn’t matter so much as we have to import oil anyway, whether as crude or refined. BUT, yes, we only had 27 days reserve rather than the 90 wew were supposed to have. And maybe our reserves would be higher but for the stranglehold the greens have on exploration/development.
What we do have is an almost infinite amount of natural gas. The busses run on it, I don’t know why trucks and tractors aren’t converting to it.
Thanks for that … still it seems a major 1st world country should have some reserves so that every station could have some fuel. Perhaps Australia imports some of it’s fuel instead of refining it? This closure of the straits is really playing havoc with the world!
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Australia imported around 35 million tonnes of refined fuels in 2025, with over 90% of these imports coming from Asia. The country typically relies heavily on imports to meet its petroleum product needs, with 84% of its total requirements being imported.