The government’s plan to spend $4 million on a pre-feasibility study for a new oil refinery in WA won’t shield Australians from rising costs and supply chaos from the Iran war that’s hitting drivers at the bowser.
A new oil refinery could only ever provide a drop in the ocean of Australia’s fuel needs. More than 90% of Australia’s conventional crude oil reserves have been extracted, and more than 95% of the oil refined here comes from overseas. For as long as Australia relies on petrol and diesel, we will be shackled to volatile overseas markets, leaving families exposed to the same price spikes and supply shocks…
Source: Climate Council
Climate Council
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