Australia holds 23 days of diesel. The IEA minimum is 90. We are the only IEA member not meeting that obligation — and we have not met it since 2012. MMP delivers sovereign fuel in one term.
Australia holds 23 days of diesel. The IEA obligation is 90 days. Seven refineries operated in 2003. Two are left today. Both are on $2.3 billion in government life support. We produce crude oil — and then export 94% of it. South Korea refines it. We buy it back. The carbon levy penalises the two refineries we have left.
The supply chain runs through the Strait of Hormuz — one conflict away from closure. Australia exports $5.76 billion of canola annually so other countries can make biodiesel. The Liquid Fuel Emergency Act 1984 has sat unused for 40 years while the supply chain it was designed to protect was systematically dismantled.
Known tight oil and gas formations in the Beetaloo, Cooper, Canning, Browse, and Bonaparte basins — all blocked by regulatory delay and state moratoria. EV adoption is the slowest in the developed world: no regional charging, power too expensive, no sovereign EV manufacturing.
90-day physical stockpile obligation legislated. Carbon charge removed from sovereign refining. 10% biofuel mandate legislated. Micro-refinery programme funded. $2 billion Year 1 capital for strategic storage: Darwin, Tindal, Broome, Townsville, Alice Springs, Broken Hill.
Beetaloo NT: moratorium overridden, first gas Year 3. Great Australian Bight: 6 billion barrels, leases reissued, 30-day approval. Cooper-Eromanga, Canning, Browse, Bonaparte, Perth basins all opened. Fracking approved federally — proven technology, managed responsibly. State moratoria do not override sovereign supply security.
Canola export ban Year 1 — $5.76B of feedstock redirected to Australian fuel tanks. Modular biodiesel plants co-located in the canola belt: Narrabri, Moree, Dalby, Goondiwindi, Geraldton, Esperance, Eyre Peninsula, Horsham. 10% mandate rising to 15%. Domestic premium for canola growers.
Geelong and Lytton refineries kept open. Carbon levy removed from both from Day 1. Australian crude, refined in Australia, stored in Australia. A fuel sovereignty policy that abandons its last two refineries is not a fuel sovereignty policy.
The Act has sat unused for 40 years. MMP enforces it. A series of seven formal letters under the Act has been issued to the Governor-General, Prime Minister, and relevant ministers — documenting Australia's non-compliance with its IEA obligations since 2012 and the actions required to restore compliance. The Act exists for an emergency. The emergency is here.
Power prices brought to 15c/kWh maximum for households via SBC corridor power, removing the cost barrier to EV adoption. Regional charging built into every corridor town. Sovereign battery and EV manufacturing capacity developed in the SBC industrial belt. No more dependence on imported diesel or imported EVs.
| Current — Vulnerable | MMP — Sovereign |
|---|---|
| 23 days of diesel. Only IEA member not meeting 90-day obligation since 2012. | 90-day physical reserve on Australian soil legislated Week One. |
| 7 refineries in 2003, 2 left today. Both on $2.3B life support. | Geelong and Lytton kept open. Carbon levy removed. Refining capacity protected. |
| 94% of crude exported. South Korea refines it. We buy it back at a margin. | Domestic refining prioritised. Australian crude refined in Australia. |
| Supply chain runs through Strait of Hormuz — one conflict away. | Strategic storage at Darwin, Tindal, Broome, Townsville, Alice Springs, Broken Hill. |
| $5.76B canola exported as raw seed. Europe makes the biodiesel. | Canola export ban Year 1. Modular biodiesel plants in the canola belt. 10–15% mandate. |
| Beetaloo, Cooper, Canning, Browse blocked by state moratoria. | Federal override. Fast-track approvals. First Beetaloo gas Year 3. |
| Liquid Fuel Emergency Act 1984 sits unused for 40 years. | Act enforced. Seven formal letters issued. Emergency declared. |
| Slowest EV adoption in developed world. No regional charging. | 15c/kWh power, regional charging built into corridor towns, sovereign EV manufacturing. |
No memos pinned to this policy yet. When an MMP memo on this topic is published, it will appear here with a short summary. The full memo index is at moralmajority.com.au/memos.html.