What happens when a country forgets how to make its own fuel
AI Summary
Australia has closed nearly all of its oil refineries, leaving domestic fuel supply with little redundancy. A fire at one remaining facility exposed the country’s vulnerability to disruptions in fuel production and supply.
In the name of efficiency and transition, Australia shuttered nearly all its refineries. A single fire exposed how thin the margin really is.
World Markets Commodities Energy Australia fuel supply oil refineries refinery fire energy security domestic production