February 12, 2021

Security of Energy Supplies

 I notice the large oil refinery at Altona in Australia is due to close. 

https://www.theguardian.com/australia-news/2021/feb/10/coalition-urged-to-confront-australias-severe-fuel-insecurity-as-altona-oil-refinery-closes

New Zealand's one oil refinery at Whangarei in Northland is also to become a fuel terminal only. But for Australia, given it is a large developed economy, not being able to refine its own crude leaves it vulnerable in times of war. Key infrastructure must be protected. There really is no alternative for this; having to import all fuel supplies already refined means the country can be defeated by simply shutting off that supply. Wake up Australia and New Zealand.

No comments:

Post a Comment