The importance of liquid fuelLiquid fuel is the backbone of the Australian economy. Liquid fuel underpins every aspect of our daily life, fromour groceries to our commute to work and our emergency services. On average, each Australian uses nearly threetimes more energy from liquid fuel than they do electricity1. Australia spends $57 billion on liquid fuels eachyear—more than electricity, at $38 billion; and gas, at $37 billion2.
I wonder how the numbers for each fuel will be once electric cars dominate our roads & what fuels will drive the generators to cover the shortfall from renewables? Also, if we are importing gas when we have it locally (somewhare within Aust.,) surely our balance of payments would be better served by buying Aust.?
BUL Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
