Industry stocks

Australia has only 1 month worth of  diesel imports in stock:

Crude stocks alone are 112 days of net imports. However, oil imported is not of the same type as oil exported (including a high percentage of condensate) so redirected exports pose problems for refineries which will first have to adjust. The AIP report

says on page 15:   “Change crude types together with relaxation of fuel standards (lengthy disruption) 3 month implementation time”

Crude stocks in terms of imports is only 39 days

All data for the above graph and table from:

Compare Australian stocks with other IEA members:

And that’s what the IEA says about Australia:

6/4/2010 Australia needs a Strategic Oil Reserve