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Australia Runs On A Month Of Imported Fuel
- Australia is critically exposed because it imports about 90% of its oil and would run out within a month if imports stopped.
- Tim Buckley cites Australia having roughly 30 days of reserves across refineries and warns longer war duration raises supply risk.
Australia Released Local Stockpiles To Ease Panic
- The federal government released 100 million litres a month from stockpiles held in Australia to meet panic demand.
- Buckley contrasts this with prior policy where stockpiles were held in America and would have been useless in this crisis.
Cut Nonessential Travel To Curb Fuel Demand
- Reduce non-essential transport and consider measures like four-day workweeks or working from home to cut fuel demand.
- Tim Buckley points to the Philippines' four-day weeks and government travel curbs as tools other countries are using.