Original article by Anthony Richardson
The New Daily – Page: Online : 11-Feb-20
Australia’s recent bushfires revealed the shortcomings of the ‘just in time’ model used for the distribution of food and fuel. When the Victorian town of Mallacoota was cut off by road and air because of the fires, food and fuel supplies quickly became so low that there were suggestions of a pending humanitarian crisis. Australia currently imports 90 per cent of its oil, most of which comes through the Strait of Hormuz. Australia is meant to keep 90 days of fuel supplies in reserve as part of its International Energy Agency obligations, but at one point in late 2019, it reportedly had only 23 days of jet fuel, 22 days of diesel and 18 days of petrol in reserve.
INTERNATIONAL ENERGY AGENCY