Sorry mods, but there's something bigger than football thats about to hit, and it will be worse than the Covid crisis according to experts.
* These prices are now in NZ
* AU prices are rising daily nudging 3.00 for diesel ⛽️ and 280 super unleaded.
* The government approved the release 20% of its reserve about 762 million litres of petrol and diesel from domestic emergency stockpiles. That’s equivalent to roughly 5 million barrels of fuel. Thats only 9 days of fuel.
*Australia currently has fuel stocks roughly equivalent to about 30–36 days of petrol.
Food & groceries: Trucks transporting food and other essentials would halt, causing shortages in supermarkets and stores within days.
Prices: Expect sharp price spikes for remaining fuel and essential goods.
Emergency services: Ambulances, police, fire trucks could be limited if emergency fuel stocks aren’t available.Governments will advise
Goverments will tell us not to panic, prepare: Make sure you have enough essentials — water, non-perishable food, medications, and a bit of extra fuel if you drive long distances.
Avoid hoarding: Buy what you realistically need for 1–2 weeks; overbuying just worsens the situation for everyone.
- This is all coming about because Iran has a stranglehold on the shipping lanes in which the US. Trump is asking other countries for assistance.
- Its going to be like covid all over again. Without fuel the country stops
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Gonna have to Flintstone the car after filling the tank yesterday. $130 for a standard 91 tank of petrol.
If it gets worse there will be shortages of medicines, food, as farmers need diesel, trucks, trains ( freight trains) need diesel. There will probably be no more NRL games and zero crowds. It will affect every aspect of life. I seriously don't understand why Australia doesn't refine its own fuel and open up the refineries they shut down.
Mallee, if you don't understand why Australia does not refine its own fuel, can I add details to kick that understanding along?
What refineries closer this century? Port Stanvac, 2003 (Howard), Kurnell & Bulwer Island, 2014 (Abbott), Kwiwana & Altona, 2021 (Morrison). All closed by commercial operators claiming lack of commercial viability. The main argument was that Asian refineries can process between 4-10 times the barrels per day of Australian refineries. In the mid-1980's imported fuel was 25% consumption, and today it is 90% consumption. That trend started with the Coalition early 90's and later all refineries allowed to close were closed under Coalition governments.
Anyone reading those facts should be highly sceptival of current Coalition claims that Labor's renewables push is undermining fuel security. It is absolute historical rubbish. The culprit lies squarely with a Coalition policy setting permissive of reliance on fuel imports.
Also, is Australian crude oil crappy and not worth refining? Absolute opposite. It is mostly light and sweet: less dense and less sulfur (vs heavy sour). It is premium crude. We just export almost all of it. Like our natural gas. We have allowed mostly foreign owned multinationals who pay little proportionate tax to extract and sell our fuel and undercut domestic fuel reliability.
What would be interesting is if every time some clown blasts Australian universities for being "reliant on foreign export trade income", or overseas students, they applied the same logic to our oil and gas export industry, which is utterly reliant on exports to a much higher degree.
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