School of Regulation and Global Governance (RegNet)

RegNet Fellow Christian Downie has been quoted in the Australian Financial Review in an article on Australia’s fuel import reserves.

Though Australia does not have the 90 days worth of reserves required by the International Energy Agency, Downie says there is no “consensus position” in the government on Australia’s fuel reserves.

“Australia has traditionally taken a market-oriented approach,” but those looking at the issue from a security perspective “…are more worried that, should there be a conflict or natural disaster, our capacity to maintain ships and planes would be seriously undermined.”

Downie also notes the need for the government to reduce Australia’s reliance on oil.

Read the entire article in the Australian Financial Review.