This would be hilarious if it was not apocalyptically stupid. How the AFR can report this with a straight face is a miracle in itself:
Australia will make a proportionate contribution to the release of 60 million barrels of oil from global reserves to try to keep a lid on petrol rices amid the Russian invasion of Ukraine.
After US President Joe Biden announced in his State of the Union speech that a collective of 31 member nations of the International Energy Agency would release the oil, Australia said it would play its part by tapping into its reserve of 1.7 million barrels, which is stored in the US.
…Energy Minister Angus Taylor did not say how many barrels Australia would contribute. The nation’s entire reserve is enough for just 1.5 days of domestic consumption.
By all means, read that again. 1.5 days of consumption…stored in the US.
That’s your strategic oil reserve, and your “tough on Russia”, “tough on China”, “national security” government in action.
