00:01The opposition leader making some noise to draw attention to Australia's fuel reserves.
00:10We need to double the stock holdings of fuel in this country.
00:14The opposition's $800 million dollar policy would increase Australia's fuel stocks to 60 days
00:20with at least 1 billion litres of additional storage capacity.
00:24A bid to secure long term fuel supply by bringing Australia closer to 90 days of storage
00:31as recommended by the International Energy Agency.
00:34But the proposed funding would contribute to not cover the cost of the extra storage
00:40meaning drivers would be forced to chip in.
00:43The cost of a centilitre for Australians, that they're going to have the fuel they need in a crisis like
00:49we're facing now.
00:49You've got to admire the irony of Angus Taylor, who was the minister in a government where four out of
01:00six of our refineries shut.
01:02Labor will make energy resilience a feature of the upcoming budget.
01:05But for now, it's firmly focused on securing the diesel, petrol and jet fuel needed during the global oil crisis.
01:13Foreign Minister Penny Wong has embarked on a regional tour visiting key suppliers, Korea, China and Japan,
01:20making it clear to her counterparts that Australia can't fulfil its LNG and coal deliveries without fuel.
01:27If we are to be a reliable supplier, we need others to be reliable.
01:31The Federal Government putting those words into action, shelving an idea to increase taxes on gas giants,
01:38amid concerns it could impact trading relationships during a time of global instability.
01:44Reliability and predictability is something they seek.
01:47Trusted partners in an unpredictable world.
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