Australia's energy policy

Kerry P. McHugh

Energy, 1981, vol. 6, issue 8, 803-807

Abstract: The major natural energy resources of Australia are in the form of deposits of coal, which is exported in increasing quantities. There are also vast deposits of oil-bearing shale, natural gas and uranium. Native oil satisfies at present 70% of the demand, while 30% is imported. The breakdown of energy demand shows that 40% is covered by coal and 55% by oil and gas. The policy of the government is aimed at reducing the rate of growth of Australia's dependency on imported oil. This policy, which is implemented by guaranteeing a parity between domestic and world prices of liquid fuels, has produced the following effects: 1.(1) The exploration and exploitation of less rich and less accessible oil, coal, and gas deposits is now economically attractive;2.(2) The extraction of oil from certain shale deposits has become a viable proposition;3.(3) Consumers tend to shift away from expensive oil toward other fuels;4.(4) Smaller, more economical automobiles become predominant.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:6:y:1981:i:8:p:803-807

DOI: 10.1016/0360-5442(81)90123-7

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