BREAKING News Out Of AUSTRALIA Heres What We Know

BREAKING News
Out Of AUSTRALIA Heres What We Know
Australia is at risk of running out of fuel in the next few weeks due to the ongoing conflict
in Syria. The escalating situation in the war-torn country
threatens to cripple the supply chains that keep Australia going. While the International Energy Agency mandates
that countries hold a stock reserve equivalent to 90 days of net imports, Australia only
has 43 days worth of supply, the Australian reports. And that could be cut down even further if
a global crisis threatens supply channels from places like the Middle East.

Low oil reserves and an over-dependence on
imports is whats driving Austrailias fuel concerns. Defense Strategy and Capability at the Australian
Strategic Policy Institute senior analyst Dr. Malcolm Davis says Australias fuel
reserves would last 20 days at best if supplies were cut off, News.Com.Au reports. [Australia is] one of the few countries
in the world that does not take our energy security seriously, said Dr.

Davis. It would be a Mad Max world. Our society and our economy would begin to
fall apart very quickly [because] everything depends on fuel to make an economy run. It is very serious.

The rather ominous forecast comes in the wake
of major US-led strikes on the Syrian government. As tensions escalate and threaten to compromise
international trade, this could prove dire for Australia: a nation that outsources its
oil refining to such international locations as Singapore. Instead of investing in refinement facilities
here for refining fuel, the government has decided its cheaper to do it overseas,
said Dr. Davis.

The price they pay for that in a crisis
is that China can interrupt flow to Australia [from Singapore] relatively easy and our economy
falls apart. According to The Daily Mail UK, liberal Senator
and former major general in the Australian Army Jim Molan agrees that we [Australia]
stand[s] in real trouble. Speaking to 2GB on Monday Morning, Molan criticized
the governments passive approach to issues of fuel supply and energy security, calling
it a single point of failure for Australia. The way that we seem to get around this
is that we buy credits overseas which ignores the entire problem, Nolan said.

Those credits say that if things go wrong
we can buy from overseas, but hang on: our supply lines of communication by ship are
likely to be either threatened or because of insurers nothing will come to us at all. Moreover, a chronic shortage of petrol, diesel,
and aviation fuel could render the Australian military immobile, and in these times where
rhetoric and tensions over a war are high, that could prove disastrous for the country..