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DOI | 10.1016/j.enpol.2021.112472 |
Long-term and short-term liquid fuel security in Australia – What role for the Great Australian Bight? | |
Soliman Hunter T.; Taylor M. | |
发表日期 | 2021 |
ISSN | 03014215 |
卷号 | 157 |
英文摘要 | 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. © 2021 |
关键词 | Great australian bightLiquid fuelOil securityPetroleumRefining capacity |
英文关键词 | Energy policy; Fuel economy; Gasoline; Liquids; Petroleum refining; Proven reserves; Australia; Energy; Fuel security; Great australian bight; International energy agency; Oil security; Petroleum resources; Refining capacity; Security policy; Short term; Energy security; Matthiola |
语种 | 英语 |
来源期刊 | Energy Policy |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205348 |
作者单位 | Macquarie Law School, Macquarie University, Australia |
推荐引用方式 GB/T 7714 | Soliman Hunter T.,Taylor M.. Long-term and short-term liquid fuel security in Australia – What role for the Great Australian Bight?[J],2021,157. |
APA | Soliman Hunter T.,&Taylor M..(2021).Long-term and short-term liquid fuel security in Australia – What role for the Great Australian Bight?.Energy Policy,157. |
MLA | Soliman Hunter T.,et al."Long-term and short-term liquid fuel security in Australia – What role for the Great Australian Bight?".Energy Policy 157(2021). |
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