The Australian government is setting up a $94 million strategic fuel reserve in the United States
The Australian government is setting up a $94 million strategic fuel reserve in the United States

Australia’s fuel reserve in US is a mistake

THE Australian Government’s decision to establish its fuel reserve in the United States is a serious strategic error, Chair of the Australian Trucking Association, Geoff Crouch, said.

“The move to establish our strategic fuel reserve in the United States is both a national economic issue, and a national security issue,” Mr Crouch said, following yesterday’s announcement from Minister for Energy and Emissions Reduction Angus Taylor that the Australian government is setting up a $94 million strategic fuel reserve in the United States.

Mr Crouch said that at the end of 2019, Australia had just 24 consumption days of petrol and 22 consumption days of diesel in stock.

“Angus Taylor has said himself that that it could take up to 40 days for fuel to make its way from the US to Australia,” Mr Crouch said.

“That means Australia would be brought to a standstill for up to 16 days with no access to fuel,” he said.

Mr Crouch said that the arrangement is simply unrealistic and has called for domestic fuel security.

“Liquid fuel is critical to trucking and critical for our economy. Without trucks and the fuel that powers them, Australia stops,” Mr Crouch said.

“As most commodities produced or consumed in Australia are delivered by road, no fuel means supermarkets would go empty, medicines wouldn’t get delivered and rubbish bins wouldn’t get emptied,” he said.