In 2020 Energy Minister Angus Taylor spent $94m on crude oil for Australia's strategic reserves only to reveal it was stored in the USA. He refused to confirm barrel numbers but estimates were 2.7 - 3.8 million. Almost enough for a long-weekend. #auspol www.abc.net.au/news/2020-05...
Australia's $94m oil purchase: Deal of the century or PR stunt?
Amid much hype about the Australian Government's purchase of $94 million of crude oil, how much fuel security does it really buy the nation?
www.abc.net.au
March 5, 2026 at 5:14 AM