Australia Faces Imminent Energy Crisis and Fuel Rationing
Australia is reportedly one month away from an energy crisis that could lead to fuel rationing, with the ongoing war in Iran being a prevailing misconception about the primary cause.
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Live: Fuel stations run out again, Luxon and Willis faces questions about fuel crisis
Drivers are queuing up again as an escalation in the Iran war sends the price of crude up even further.
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Australia Has One Month Before Energy Crisis And Fuel Rationing If there is one prevailing misconception about the war in Iran, it is the idea that the closure of the Strait of Hormuz will hurt the US the most. This is simply not the case. In reality, only around 7% of US oil imports actually travel through the Hormuz to get to American markets. The potential long term instability in the strait is far more damaging to economies in the East, and by extension, Australia faces p...
By Tyler Durden
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