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Australia import dependency Archive
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Australia’s BP Kwinana refinery closure: peak oil context
Posted on November 14, 2020 | No CommentsFig 1: BP is in peak oil mode BP shuts down Kwinana refinery with 600 jobs expected to go, Commonwealth says no impact on fuel security 30 Oct 2020 Fig […] -
Australian Fuel Security Review ignores peak oil in China 2015 (part 1)
Posted on April 29, 2019 | No CommentsJust a week before a Federal election was called the Australian Minister for Energy, Angus Taylor, released an interim report on fuel security on 4th April 2019 for public consultation (hereinafter […] -
Australian fuel imports from Asia are going sky high while non-compliance with IEA stock requirements continues (part 1)
Posted on February 21, 2018 | No CommentsFrom time to time the media takes some interest: Low emergency oil reserves ‘now pose a danger to security’ 16/2/2018 Australia’s failure to meet emergency oil reserves now posed a […] -
Australia more vulnerable than ever to fuel import disruptions
Posted on April 14, 2017 | No CommentsThis is because after the closure of 3 oil refineries in Sydney and Brisbane fuel imports have skyrocketed and these additional imports come from and pass through an area where […] -
Peak Oil in Asia (part 1)
Posted on June 20, 2016 | No CommentsAccording to data recently published in BP’s 2016 Statistical Review Asian oil production remained at around 8.3 mb/d for 4 years now. Fig 1: Asian oil production We see the […] -
No glut in Australian petroleum inventories
Posted on January 12, 2016 | No CommentsThe Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this […] -
Nigeria: oil producers try to reduce fuel subsidies
Posted on January 16, 2012 | No CommentsFuel subsidies in oil producing countries are a big problem not only because they are a burden for budgets but also because they result in an inefficient oil supply environment. […]