RaymondPierreL3

At last, here is some light shed on #Australia ‘s #FuelReserves which ought to stop a lot of dis-misinformation being spread about the place by msm and some politicians. Just yesterday, some #LNP Senator twit misled the Sentate apparently, by announcing that the #Morrison govt and #AndrewTaylor had indeed made provisions for a ‘strategic reserve’ of fuel and it didn’t cost them anything, he said in fact that they [the govt] were paid to keep it in Texas/Louisiana. How did he get away with this lie?

We’ve got figures from #Labor on stocks held by the fuel industry in Australia, but nary a word from the #LNP about how much fuel (or what fuels) Australia has/had in the US or how much it cost. I guess they are hoping those questions will be forgotten in a week or so.
#AusPol
Read more:
https://www.theguardian.com/australia-news/2026/mar/24/australia-fuel-reserve-what-and-where-is-it

AI will tell you Australia’s fuel reserve is in the US. But is that even true?

Australia does not have a government-backed stockpile, experts say, and even if we did still store oil in the US, it would not be much

The Guardian
Mar 24 at 12:26amWeb
Show threadMyView1d ago

@RaymondPierreL3

If it's kept with the US' Strategic Petroleum Reserve it's probably gone ...

I remember reading several years ago in another of their high energy price crises ... how the US sold off about 50% of their reserves ...

Amazing what leaders will do for a quick buck ...

Australia would never sell off our fuel ... would they ...

Mind you, half the country's been sold off since WW2 ... and Howard did sell off our gold, gas ... to create a surplus ... but fuel ...

Show threadRaymondPierreL31d ago

@MyView
Well… Australia is a member State of the #IEA and the organisation has pledge a release of 100M barrels to market to ease the crisis. That means ever member State will release some of their oil reserves. I’m unsure what that means for Australia given we only hold the Minimum Strategic Reserve, well short of the reserves mandated by the Association.

#FuelReserves #AsuPol #US-Israel-IranWar