So what if the well runs dry?: "A few days into a significant Middle-East or south-eastern Asian conflict, Australian motorists and trucking companies would be immobilised, urban public transport overwhelmed and supplies of life-saving medications would start running out. Within a week, shops would be stripped bare and farmers would be running out of fuel for their tractors and water pumps.
The reason is that about 85 per cent of Australia's transport petroleum now comes from overseas, as either refined or unrefined product. Our dependency on imported refined fuels will rise sharply when two more domestic oil refineries close in the next two years. In a country blessed with more energy choices than almost any other on Earth, transport fuels are our gangrenous Achilles heel."
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