Ship Of Shame: Australia Saved By Trump’s Emergency Fuel Shipments. By ZeroHedge.
Despite … the fact that countries like Australia have made it clear that they will not aid the US in reopening the Strait of Hormuz (which Australia relies on for the majority of its energy supplies), Trump has offered considerable help to prevent Australia from facing total economic collapse.
Australians are calling it the “Ship of Shame” — a series of refined fuel imports from the US over the course of the past month which are preventing the country crossing the “dry up” threshold.…
Without these US shipments, the country was four weeks away from critical shortages and potential industry shutdowns. Australian political leaders have proven to be either incompetent or indolent in their responsibilities to prepare the country for energy emergency. …
The US sent around 240,000 metric tons of fuel products in March alone, the largest amount to Australia in over 30 years, with more on the way. Along with some alternative supplies coming from Africa, Malaysia and other markets, Australia’s emergency reserves are actually greater than they were before the war in Iran (with an extra 10 days of supply on top of their previous totals). …
Lesson learned (at least by some):
The lesson is clear; economic interdependency is a mistake and “just in time” supply chains are foolish. Furthermore, green energy is utterly useless and a form of economic suicide. Australia is a perfect model for what not to do when developing a national energy policy.
The globalists promoted the idea a couple of decades ago for one interdependent world where everyone behaved nicely. Economic output would be maximized if everyone only did what they were best at, and imported the rest. Sounded great.
But China didn’t play by the rules. It massively exploited the system, encouraging most of the world’s manufacturing industry to move to China then stealing their intellectual property. Globalism was always a silly idea, in retrospect, but — like net zero — Australia fell for it hard.
Btw, the Iran war further illustrates the truism that Australians were dependent on the Royal Navy until 1941, then the US Navy after 1941. Our “progressives” have no idea of reality.