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Successive Liberal and Labor governments have run Australia’s fuel reserves down to dangerously low levels. Both parties are following an agenda to promote electrification, pushing for the adoption of electric cars and trucks. The most effective way to achieve this is to force petrol shortages, thereby forcing the public to buy electric vehicles.

Over the last seven years, four reports have all called for Australia to restart domestic oil production, open more refineries, build more storage tanks and increase our domestic reserves. For four years, the “Uniparty” did nothing.

This week, as the war in Iran has frozen oil shipments, I asked Minister Ayres what his government was doing to keep the economy moving. His non-answers would be laughable if the subject weren’t so serious.

One Nation will increase domestic extraction, refining, and storage because, unlike this government, we aren’t stupid.

⭐ I also need to correct the record regarding a statement in this video. I asked what would happen in a few weeks when our largest refinery closes for maintenance for 10 days; the correct information is that the refinery will actually be closing for 10 WEEKS 😲

Transcript

Senator Roberts: My question is to the Minister representing the Minister for Climate Change and Energy, Senator Ayres. Yesterday, I asked you to confirm that Australia was entering a period of oil supply disruption, with a mere 26 days of petrol in the system. Under International Energy Agency guidance, the minimum fuel reserve is 90 days, yet you responded that Australia has 150 per cent of its minimum requirement. Last year, the Albanese government quietly chose to ignore the International Energy Agency and instead decided to introduce its own minimum stockholding obligations, which it set at a mere 24 days—problem solved! Aside from 26 not being 150 per cent of 24, how can you justify ignoring International Energy Agency best practice and introducing a patently absurd and dangerous minimum stockholding obligation of only 24 days of petrol supply? Why are you entrenching energy insecurity and volatility for which Australians will pay? 

Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (14:40): I’ll start at the end of that question, and then I’ll try to deal with some of the substance of it. Energy insecurity in Australia is a consequence of what happened over the Morrison-Abbott-Turnbull catastrophe where four out of our six oil refineries closed. Despite what Mr Hastie says, when he turns to you for work, these things are not straightforward to rebuild. Four out of six closed, so, if you want to ask questions about energy insecurity, ask them how it is that they sat on their hands for so long. 

The PRESIDENT: Senator Roberts? 

Senator Roberts: Point of order: I’m not asking the opposition; I’m asking the minister, and I want an answer. 

The PRESIDENT: I will direct the minister to your question. Minister Ayres? 

Senator AYRES: While I’m on the subject of the opposition and the current fuel security arrangements—we have larger reserves on hand today than there have been at any time over the last 15 years as a result of the action, not words, that this government has taken. When Mr Taylor was in charge of energy, sort of—it was unclear, as I think Mr Morrison was secretly also the minister at the same time—he was the worst energy minister in Australian history and did more to debauch and pull down our energy policy framework. His proposition was that Australia’s fuel reserves should be contained in Texas. (Time expired) 

The PRESIDENT: Senator Roberts, first supplementary? 

Senator Roberts: In the next few weeks, Brisbane’s Lytton fuel refinery is scheduled to close for 10 days maintenance. Lytton produces the majority of Australia’s domestic petrol, diesel and industrial gas. Ten days production taken out of the system at a time of supply shortage is a recipe for disaster. Why didn’t the Albanese government secure additional supply prior to Lytton closing to ensure fuel security in Australia? 

Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (14:43): In relation to the previous question, Texas in the United States—not Texas, Queensland—is where, supposedly, this character had our fuel. You say that there is a 10-day—I couldn’t be any more relevant. 

The PRESIDENT: Senator Roberts? 

Senator Roberts: Point of order: I’m not asking about Texas. I’m asking about Lytton and securing additional fuel supplies to protect this country. 

The PRESIDENT: I was about to direct the minister to your question, but he went to the question himself. Minister Ayres? 

Senator AYRES: I did. Of course, these kinds of maintenance shutdowns occur from time to time. If there’s anything in relation to this particular shutdown that I can provide to you, I will. There are not six oil refineries. Four closed. Four closed when Senator Canavan, who’s very noisy about these issues in opposition, was as quiet as a mouse when the other side was in government. I think I’ve run out of time. 

The PRESIDENT: Senator Roberts, second supplementary? 

Senator Roberts: Of the 3,000 oil tankers that service Australia, we own just four, with a total capacity of approximately 1.8 million barrels every delivery cycle, which takes 30 days from Singapore and 40 days from South Korea, our major supply point. 1.8 million barrels is enough to last Australia six days. Minister, what’s your plan here? Will you beg other countries for some of their oil, force Australians to pay $3 a litre at the pumps, or use the petrol shortage to introduce more Labor communism control? 

Senator AYRES (New South Wales—Minister for Industry and Innovation and Minister for Science) (14:45): I’m not sure there’s an adjective big enough for that overreach in the English language. If you’re so critical of Mr Taylor’s performance as the Minister for Energy and the fact that our merchant fleet declined over that period, the fact that four out of our six oil refineries closed and the fact that 24 out of 28 coal-fired power stations announced their closure, why do you cuddle up to them so much? 

The PRESIDENT: Senator Roberts? 

Senator Roberts: I’m not asking about his uniparty mate, Mr Taylor. I’m asking about his own policy. What’s he going to do? 

The PRESIDENT: Senator Roberts, you’ve made the point of order. I will draw the minister to your question. 

Senator AYRES: I’ve answered the question. I make the point that, if you and the Nationals and the Liberals really want to get behind Mr Taylor, who was the worst energy minister in our history, who did more damage than any other person to Australia’s energy security and who did more, along with Senator Hume, to trash the economic record of the Liberal Party at the last election, be our guest. 

Australia has abundant natural resources, yet the Labor-Liberal uniparties want to DESTROY our prosperity with Net Zero policies!

One Nation says NO to this madness. It time our resources were used for cheaper energy and Australian jobs! It’s time to end this attack on Aussie families!

It’s easy to fall into the trap of saying what I don’t agree with. Today I set out the policies I do agree with. These are policies I have worked hard in the Senate to promote and will continue to do so.

Australia has natural advantages in mineral resources, agricultural land, water, sunshine and a moderate climate that in years past has made Australia the richest country in the world per capita — which is the wealth of the country divided by the number of inhabitants. Yet in recent years life has become so hard, not just under this Albanese Government but under successive Liberal and Labor Governments.

Income per capita is going backwards and opportunities we took for granted in our youth are now out of reach for today’s young Australians. Unemployment is much higher than the published rate, Australians can’t afford housing, electricity or even their groceries. Higher education is slipping from the reach of the middle class and many Australians are now unsafe in their homes and on the streets.

It does not have to be this way.

I spoke here in the Senate Chamber about the steps One Nation would take to solve the many problems Australians are facing after too many years of bad governance. Some of these steps include solving infrastructure issues, increasing productivity and wages, bringing back a people’s bank and ensuring cash continues to be available, and more.

Join us in helping our country to rebound and flourish.

Transcript

As a servant to the many different people who make up our one Queensland community, I am often asked by people why life under Labor has become so damn tough so quickly and how a One Nation government would help. Australians are decent people and can see through government and media misinformation and disinformation. We all know when life is harder than it should be and when governments are screwing up. Out of control cost of living has resulted from a screw-up resulting from the actions of Liberal, National, Greens and Labor parties during COVID, when our government turned to the use of excessive authority instead of respecting human rights and choice. During COVID, One Nation did advocate for human rights, including quarantining the sick and letting the healthy get about life. Countries that did that are now back to normal. Life in those countries is easier because there’s no massive COVID bill to pay. Australia has a huge inflation problem now due to printing $500 billion—half a trillion dollars—to cover COVID expenses, including JobKeeper and pharma products that are now past their use-by date. Money printing causes inflation. One Nation said so at the time. 

One Nation now stands ready to rebuild our economy and deliver wealth and opportunity to all Australians. We will reduce new arrivals to a level where arrivals equal departures. That’s called zero net migration, leaving room for about 130,000 new migrants each year. We will limit student visas to a level at which we can accommodate and teach students properly. We will not import more labour until those who’ve arrived have found a job. We don’t need new arrivals being handed Medicare cards, driving up government spending on health and on schools and infrastructure. We will decline to renew the visa of any new arrival who has failed to find a job or make a contribution during their visa period. 

We will license construction of new and efficient coal plants, which will bring electricity bills down 50 per cent. We will cancel any weather dependent generation project that we can legally terminate, and we will ensure that wind and solar sponsors pay into a bond account to pay for the removal of those monstrosities at the end of their short life. Electricity generation should be based on the cheapest source, not the dearest, and the dearest is wind and solar. We will fast-track mining approvals and port upgrades. We will terminate the Murray-Darling Basin Plan and leave everyone’s water where it is to ensure farmers are free to grow food and fibre to feed and clothe the world, and we’ll then get together with the states to review the actual data on river health, environmental outcomes and the social and economic costs of the basin measures taken so far. More work may need to be done, though only after a full basin review. We will build infrastructure projects like the Queensland tropics water and hydro project, the northern Australia’s east-west rail line, the Abbott Point and Pilbara steel parks and the inland rail to the port of Gladstone without crossing the Condamine. 

At the moment, Australia’s internet traffic from our east coast to Western Australia and vice versa routes through China. So, if you want to connect with Western Australia, it goes through China. We will build a direct connection instead and upgrade pinch points to lift our internet out of Third World status and make it First World. Human error being what it is, the recent Optus failure may happen again. Once there is network redundancy and proper planning, outages should not happen. The Optus failure is on the government’s infrastructure and communication ministers, who clearly have not done their job to ensure the redundancy we need to keep Australians connected. And we need to keep cash as a payment option, as should every business. These are just some of the many opportunities for infrastructure to harden our economy and provide wealth and opportunity for all. 

Infrastructure improves economic efficiency and underscores the productivity improvements that fuel wage rises. Workers don’t need to work harder to get a productivity rise. People are already at breaking point. Government needs to work harder—faster internet, faster ports and rail, better highways, cheaper power and more water. This is how we increase productivity and, with that, the wages of everyday Australians, without inflation. We will purchase the Suncorp Bank and operate that as a model bank to provide a full range of services, including cash through Australia Post outlets. Under One Nation you will have a real local bank branch that handles cash. 

We will stop foreign interests owning Australian land and residential property. The bounty of this beautiful land should accrue to those who call Australia home. Large corporations need to be held to account. For 30 years the share of the economy coming from wages has fallen, yet for 30 years the share from corporate profits has grown. There’s a point where a fair return on risk and investment has become a perceived entitlement to ever-increasing profits from rapacious and unprincipled merchant banks investing money on behalf of predatory billionaires, billionaires like Bill Gates, who we discovered just after the election is best mates with the Prime Minister. 

In response to running out of other people’s money to spend, the Treasurer, in a recent media appearance, walked back his responsibility to harden and grow the national economy. One Nation does not shirk from responsibility. Join us in restoring our country for people to abound and flourish.