Australia exposed on oil by Mid-East conflict

Original article by Cameron Stewart
The Australian – Page: 4 : 20-Oct-14

The NRMA motorists’ lobbying body in New South Wales warns that the nation’s energy security is under threat by the rising level of fuel importation as well as the armed conflict in the Middle East. Director Graham Blight says the current stores of transport fuel are only three weeks’ worth or less, and the economy would be severely crippled if they were to be depleted. Some 90% of fuel is now being sourced from overseas, compared with just 60% in 2000

CORPORATES
NRMA LIMITED

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