Fuel crisis exposes Australias need for greater self-reliance

Global fuel disruptions are exposing Australias vulnerabilities and strengthening the case for greater economic self-reliance, writesJemma Nott. AUSTRALIA IS HEADING towards an unprecedented fuel crisis never before seen in history. The Strait of Hormuzhas been closed since Marchand since the recent capture of theBab al-Mandeb Straitby theAnsarullahmovement, there have been growing concerns that Australia may face significant fuel insecurity. The consequences of this, especially in light of Irans recent announcements that they will not reopen the straituntil U.S. PresidentDonald Trumpisout of power, have the potential to be globally shifting and profoundly upending. In Australia, we have seen the effects of theOPEC oil crisis in the '70s, but thats…