Australia to rely on US for oil reserves

The federal government is in talks with the United States to buy access to its oil to boost Australia's reserves in the case of an emergency. As a member of the International Energy Agency, Australia is supposed to store enough crude oil and petrol to last 90 days, but it hasn’t met that benchmark since 2012

Federal Minister for Energy Angus Taylor addresses the New South Wales Business Chamber in Sydney, Friday, May 10, 2019. (AAP Image/Dean Lewins) NO ARCHIVING Source: AAP