{"id":611318,"date":"2026-04-16T19:12:19","date_gmt":"2026-04-16T19:12:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/611318\/"},"modified":"2026-04-16T19:12:19","modified_gmt":"2026-04-16T19:12:19","slug":"no-chris-bowen-evs-wont-fix-australias-fuel-problem","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/611318\/","title":{"rendered":"No Chris Bowen, EVs won&#8217;t fix Australia&#8217;s fuel problem"},"content":{"rendered":"<p>Since the 1970s oil shocks, the International Energy Agency (IEA) has mandated that members maintain 90 days of net crude oil reserves.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/Oil-Stockpiles.jpg\"\/><\/p>\n<p>As <a href=\"https:\/\/www.afr.com\/politics\/federal\/evs-help-spell-the-end-of-large-fuel-reserves-bowen-20260413-p5zncg\" rel=\"nofollow noopener\" target=\"_blank\">explained<\/a> by The AFR\u2019s Phil Coorey, Australia\u2019s stockpiles began to decline after Labor lost power in 2013.<\/p>\n<p>During the Coalition government\u2019s tenure, four of Australia\u2019s remaining six refineries shut down because they could not compete with large Asian refineries, leading to petrol stocks dropping as low as 23 days.<\/p>\n<p>Advertisement<\/p>\n","protected":false},"excerpt":{"rendered":"Since the 1970s oil shocks, the International Energy Agency (IEA) has mandated that members maintain 90 days of&hellip;\n","protected":false},"author":2,"featured_media":611319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-611318","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/611318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=611318"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/611318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/611319"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=611318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=611318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=611318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}