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The Times

Taking US oil in a global crisis sounds good on paper, but it won't do much for Australia's energy security

  • Written by Christian Downie, Australian Research Council DECRA Fellow, Australian National University
Taking US oil in a global crisis sounds good on paper, but it won't do much for Australia's energy securityShutterstock

The federal government this week signed a deal with the US to access their oil reserves should global supplies be disrupted and we eat into our meagre reserve.

Oil security is a hot topic in Australia – we consume more than a decade ago, produce less, and keep little in reserve. In fact, Australia is the only member of the Inter...

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