Last update: 3/9/2010
More details are in this post:
3/9/2010
Australian crude oil imports could decline by 5% in next years
http://www.crudeoilpeak.com/?p=1843
Australia has only 1 month worth of diesel imports in stock:
Crude stocks alone are 112 days of net imports. However, oil imported is not of the same type as oil exported (including a high percentage of condensate) so redirected exports pose problems for refineries which will first have to adjust. The AIP report
http://www.aip.com.au/pdf/AIP%20Paper%20-%20Maintaining%20Supply%20Reliability.pdf
says on page 15: “Change crude types together with relaxation of fuel standards (lengthy disruption) 3 month implementation time”
Crude stocks in terms of imports is only 39 days
All data for the above graph and table from:
http://www.ret.gov.au/resources/fuels/aps/Pages/default.aspx
Compare Australian stocks with other IEA members:
http://www.iea.org/netimports.asp
And that’s what the IEA says about Australia:
http://www.iea.org/explanationstocks.asp?country_name=Australia
6/4/2010 Australia needs a Strategic Oil Reserve
http://www.crudeoilpeak.com/?p=1541
End use of oil:

Data above kindly provided by Mark Reynolds. More details in:
Let’s Imagine a Sudden Oil Shortage
30/8/2009
http://anz.theoildrum.com/node/5709
Western Australia crude oil production profile stacked, updated 1/5/2010 with PWA’s April 2010 data
WA condensate production
More details in this article:
5/5/2010
Western Australia’s battle for offshore oil
Crude Oil dropped by 27% in 2009
http://www.crudeoilpeak.com/?p=1425
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Source of data: http://www.ret.gov.au/resources/fuels/aps/Pages/default.aspx
More details here:
17/3/2010
Australian crude oil production to decline 85% over the next 10 years
http://www.crudeoilpeak.com/?p=1243
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Extract from page 11 of: 2008/09 Statistical Review, Victoria’s Mineral, Petroleum and Extractive Industries
http://dpistore.efirst.com.au/product.asp?pID=964&cID=46&c=82638
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More details here:
31/7/2009
Australia in last quarter of its oil age
http://www.crudeoilpeak.com/?p=182
http://www.aph.gov.au/SENATE/committee/rrat_ctte/oil_supply/submissions/sub127.pdf
