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Australia is facing a growing diesel supply crisis, as the American Madman is to use ground troops for god only knows in the Persian Gulf.
Diesel is critical to Australia’s economy, underpinning mining, agriculture, transport, and remote power generation.
The country consumes far more diesel than petrol and relies heavily on imports, leaving it highly exposed to global supply shocks.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.