Australia's fuel security debate intensifies

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Australia's fuel security debate intensifies

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Energy Minister Chris Bowen has rejected calls to restore Australia's retired oil refineries, citing cost and complexity concerns. The nation currently imports 90% of its fuel, sparking debate about energy security and whether Australia should increase domestic oil production through new refineries or offshore drilling. Supply chain experts suggest private energy companies would require government incentives to make such investments viable, as importing fuel remains cheaper than domestic production due to higher Australian wages and regulatory standards.

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