Western Australia Establishes Strategic Fuel Reserve

Western Australia Establishes Strategic Fuel Reserve Australia is facing a historic energy crisis with much of its gulf-sourced energy facing not one but two blockades. But at least some parts of the country are doing something about it, even if it is too little, too late.  Western Australia will establish its own strategic reserves of diesel fuel to ease “acute shortages,” the state’s government said. As Bloomberg reports, the government signed a deal with Cambridge Gulf to ...

By Tyler Durden