Projects per year
Abstract
This article hypothesises that Australia's long-term and short-term liquid fuel security will not be improved by the exploitation of petroleum resources in the frontier Great Australian Bight (GAB) basin. This analysis demonstrates that significant challenges arise regarding Australia's energy policy which promotes the development of the GAB, due to corporate imperatives, global economic conditions, and localised challenges such as depth, distance, and prevailing weather. Furthermore, the closure of over half of Australia's refineries has placed structural demands on Australian refinery capacity. Therefore, even if oil were to be found in the GAB and developed, Australia's current policy approaches to downstream refining capacity mean that any oil discovered would likely be exported. Short term, such policy frameworks would cause a significant deficit in Australia's International Energy Agency (IEA) stockpile capacity, requiring the leasing of oil stocks from the US Strategic Petroleum Reserve to meet IEA demands. Given these insecurities, this article postulates that Australia's energy security policy, and particularly its liquid fuel security policy, should be revisited, revised, and reformed to ensure liquid fuel security for all sectors of the economy.
Original language | English |
---|---|
Article number | 112472 |
Pages (from-to) | 1-13 |
Number of pages | 13 |
Journal | Energy Policy |
Volume | 157 |
DOIs | |
Publication status | Published - Oct 2021 |
Keywords
- petroleum
- liquid fuel
- Great Australian Bight
- oil security
- refining capacity
Fingerprint
Dive into the research topics of 'Long-term and short-term liquid fuel security in Australia: what role for the Great Australian Bight?'. Together they form a unique fingerprint.Projects
- 3 Finished
-
Implications Of ‘Net-Zero Emissions By 2050’ For The Hydrocarbon Industry: A Case Study Of Selected Mature Petroleum Jurisdictions
Soliman Hunter, T., Taylor, M. & Pettit, J.
1/07/21 → 1/04/22
Project: Research
-
ENRITI: Energy and Natural Resources Innovation and Transformation Research Initiative
Soliman Hunter, T., Wilson, S., Strezov, V., Taylor, M., Abbassi, R. & Pettit, J.
13/07/20 → 31/12/22
Project: Research
Activities
- 1 Government or international organisation inquiry submission
-
Submission on Competition and Consumer Amendment (Gas Market) Bill 2022 and Explanatory Memorandum
Tina Soliman Hunter (Primary Author) & Madeline Taylor (Contributor)
13 Dec 2022Activity: End user engagement and expertise › Government or international organisation inquiry submission
Research output
- 1 Citations
- 3 Article
-
Covid-19 and the shift towards net-zero emissions in Australia: accelerating the energy transition
Soliman Hunter, T., Dec 2021, In: Oil, Gas and Energy Law. 19, 5, p. 1-19 19 p.Research output: Contribution to journal › Article › peer-review
-
The hydrogen hope? Challenges and opportunities for an Australian hydrogen industry
Taylor, M. & Soliman Hunter, T., Feb 2021, In: Oil, Gas and Energy Law. 2 (2021), p. 1-16 16 p.Research output: Contribution to journal › Article › peer-review
-
The national electricity market 2.0: the role of energy storage in managing Australia's energy trilemma
Soliman Hunter, T. & Taylor, M., Nov 2020, In: Oil, Gas and Energy Law. 18, 6, p. 1-19 19 p.Research output: Contribution to journal › Article › peer-review