Richard de Crespigny
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Appearances Over Time
Podcast Appearances
You don't have to answer that question.
A lot of people will think, well, I've never thought of that.
But in the 70s, when we couldn't get oil, we did.
Now, I think you still should because we just need, you see, 95% of our oil comes to Australia from foreign-owned ships.
If those foreign companies decide they don't want to bring it to Australia, our 21 days is going to be declining.
It's not just 21 days for you to drive the kids to school.
It's 21 days for the farmer to have a tractor making you food.
And if he makes it, it's 21 days for the freight company to get it to the market.
And so the whole resilience of the country might come down to 21 days of diesel.
Remember, we nearly ran out of AdBlue last year, which means the trucks virtually shut down.
You have to look at all the critical assets in a country, which is military, fuel, energy.
Well, critical.
Things that if you don't have it, it stops.
You know, we're the biggest maker of opium.
We produce 30% of the world's opium.
And yet we could turn that into morphine, but we have to bring it from China.
And we nearly ran out of morphine.
two years ago, so we couldn't give operations in hospitals.
These are critical things that the country must protect regardless of the cost.
We were about 15 refineries at the turn of the century making hydrocarbon fuels.