Iran crisis exposes Australia’s energy vulnerability
ANALYSIS: Australia once produced 70% of its fuel needs but, with some fuel pumps running dry, its dependence on the global market is posing questions on energy security and future policy.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Mike McRoberts.
When Australia was cut off from global oil markets during World War II, tens of thousands of vehicles were converted to charcoal burners which generated methane gas to power engines.
Back then, Australia sourced most of its oil from the United States, the Dutch East Indies – now Indonesia –
