The Climate Council has produced a new report: https://www.climatecouncil.org.au/wp-content/uploads/2026/10/Crude-Awakening-How-Australia-Ranks-on-Fuel-Security.pdf

Its key findings are

1. Australia is among the most exposed countries in the world to an oil shock.

2. Being left at the mercy of global oil prices has cost Australians billions of dollars at the servo and at the checkout.

3. As fuel prices soared, homegrown clean energy and electrification shielded Australians from even higher costs.

4. Australia leads the world on household solar and battery uptake, but lags dangerously behind on electrifying transport, despite some bright spots.

5. We can’t stop the next oil shock, but we can be ready for it. Electric trucks and mining fleets, powered by our own sun and wind, put us in control.