Backing the Prime Minister's proposal for a new oil refinery is a prudent step toward national energy security. Australia currently imports about 90% of its refined fuel, leaving it exposed to global market shocks and geopolitical risks. The recent fuel crisis, with petrol prices breaking records, shows how vulnerable the country is. A new domestic refinery would provide a stable supply source, cushioning consumers from international price spikes.
The plan could also have economic benefits, creating hundreds of construction and operational jobs. It would revitalize the refining sector, which has been in decline. With the government's backing, private investors may be more willing to participate. Moreover, modern refineries can be built with lower emissions and flexibility to produce future fuels. This is not about ignoring climate goals but ensuring a smooth transition without sacrificing energy reliability.
For families and businesses, reliable fuel supply at stable prices is critical. The refinery would be a strategic national asset. Given the long lead time, starting now is essential. The debate should focus on how to make it happen, not whether it's worth doing.