Sunday, January 12, 2020

Australia likely to gain access to the US Strategic Petroleum Reserve but may have no place to refine the oil: Meanwhile, is a fuel line stretched across the Pacific or Atlantic reliable in times of conflict?

by Ganesh Sahathevan

The SMH reported  has reported that a deal between the US and Australia which will allow Australia to access the US Strategic Petroleum Reserve (SPR) is imminent. 

By United States Department of Energy

As the maps shows, the SPR is locatedin the Gulf Of Mexico. Geeting it to Australia especiallay in times of conflcit(when supplies from Singapore are likely to be disrupted) will be fraught with danger given the distance, assuming crude oil tankers can be found to transport the oil.

The oil will have to be refined, and Australia's refinery count is dropping steadily. Refining capacity in Singapore will probably be inaccessible, and US refining capacity may be unavailable.


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