Amidst an environment increasingly defined by crisis-driven reality smacking policymakers in the face, the failure of decades of Australian policymakers to prepare a resilient energy security policy is being laid bare.
As nations such as Thailand, Vietnam and Bangladesh seek to reduce their energy consumption, even though Thailand has 90 days’ worth of oil in its strategic reserves, Australia continues as if it were business as usual.
This comes in spite of the fact that Energy Minister Chris Bowen recently put Australia’s reserves of vital fuels at:
