Catastrophic Aussie govt Petroleum, Oil & Lubricant [POL] Failures Began in 1952
PART 3 ~ How Myopic government Politicians and Bureaucrats Sold Out Australia ~ Eventually Leading to our 2026 Fuel Crisis!
This tragic history should bring tears to the eyes of every Australian, especially in the context of the current Middle East War.
In 1920 the Billy Hughes govt. created a partnership between the Commonwealth of Australia & the Anglo-Persian Oil Company ~ each having a 50% share in this joint venture.
In 1924 the first oil refinery at Laverton in VIC began production. Australia had an equal share its own petroleum, oil and lubricant refinery, meaning control over production and fuel standards.
In 1952, the Menzies govt sold the Commonwealth’s [our] share of COR to the Anglo-Iranian Oil Company ~ later known as British Petroleum [BP].
The Labour Party led by Dr Evatt, protested this decision;
« The latest published balance sheet of ‘the’ Commonwealth Oil Refineries Ltd. showed its assets at June 30, 1951, as £9,289,422. Mr. Menzies’ announcement led to a protest “by the Leader of the Opposition (Dr. Evatt), who said that any future Government should restore the Commonwealth’s interests in C.O.R.
Dr. Evatt declared that the shares had been sold at gross under-value.
Mr. Menzies told Parliament that the Federal Government had been advised that it could not legally provide money “for an increase in C.O.R.’s capital ‘to £12,000,000. It was reported that the joint meeting of government parties approved Mr. Menzies’ statement without dissent.»
Source: trove ~ c.o.r. sold to anglo-iranian oil
The Anglo-Iranian Oil Co. had estimated that the cost of a new refinery at Kwinana near Perth at £40,000,000. It would refine 3,000,000 tons of crude oil, at that time providing 40% of Australia’s fuel requirements.
The true cost of this privately owned and operated refinery was £25,000,000 and it closed in 2021.
Aesop’s Fables ~ How Menzies’ Myopic Failure Got Us Here!
Source: the goose that laid the golden eggs
Source: google ai
Dr Evatt MP ~ «Bad Business»
Source: trove ~ selling australia’s c.o.r shares
The ALP Had Many Opportunities to Fix This!
Dr Evatt was held in high esteem by the ALP. They too have failed Australians in «selling every state-owned golden goose» since the 1950’s.
Considering the strict ALP adherence to Green Ideological Group-Think, is it any wonder that this once Australian political colossus is collapsing our economy, our way-of-life and sovereign security.
Source: critical infrastructure review nov 2025
How Community Batteries Don’t Help!
This video from 12 months ago, clearly shows how the ALP Energy Policy Wonks lost their minds over Green Ideology, which rivals Tulip Mania as a sound business solution.
Exposing the False Gods of Privatisation
New analysis from the Australia Institute shows that the privatisation, deregulation, and outsourcing of public services has failed to provide economic or social returns to Australians.
The Clever Country ~ Owning & Controlling their Destiny!
Once-upon-a-time, we called Australia, The Clever Country. Not any more!
We have been out-smarted, out-witted, out-performed & over-taken by Norway, a nation with just 5.6 million people.
Here is how Norway collected their «golden eggs,» achieved their goals and are now the envy of the planet!
Whilst the video creators state that Norway was simply «lucky» and rather disparaging, dismissive and even jealous in their commentary, this story about how Norway achieved so much is truly amazing;
« We examine how Norway's oil riches created a complacent welfare state where citizens work fewer hours than almost any other developed nation, spend record amounts on education while achieving below-average test scores, and have built virtually no diversified economy outside of extracting natural resources.
With 61% of exports still dependent on oil and gas, Norway faces serious economic challenges as the world transitions to renewable energy and green technology.»
Source: youtube ~ why norway is too rich for their own good
Norway’s Blueprint ~ the 10 Oil Commandments
Much of the credit for Norwegian ingenuity in their Oil Business is due to the Labour Party’s Rolf Hellem and his ten oil commandments for the Norwegian Continental Shelf [NCS];
1. National supervision and control must be ensured for all operations on the NCS.
2. Petroleum discoveries must be exploited in a way which makes Norway as independent as possible of others for its supplies of crude oil.
3. New industry will be developed on the basis of petroleum.
4. The development of an oil industry must take necessary account of existing industrial activities and the protection of nature and the environment.
5. Flaring of exploitable gas on the NCS must not be accepted except during brief periods of testing.
6. Petroleum from the NCS must as a general rule be landed in Norway, except in those cases where socio-political considerations dictate a different solution.
7. The state must become involved at all appropriate levels and contribute to a coordination of Norwegian interests in Norway’s petroleum industry as well as the creation of an integrated oil community which sets its sights both nationally and internationally.
8. A state oil company will be established which can look after the government’s commercial interests and pursue appropriate collaboration with domestic and foreign oil interests.
9. A pattern of activities must be selected north of the 62nd parallel which reflects the special socio-political conditions prevailing in that part of the country.
10. Large Norwegian petroleum discoveries could present new tasks for Norway’s foreign policy.[2]
Source: equinor principles of operation
Read Rule #1 ~ Ensure National Control & Supervision….+
Organization chart for the Norwegian State-owned enterprises that ensure the prosperity of her peoples.
Source: australia institute
Conclusion
This is proof that the current Major Australian Political parties ~ ALP, LIBS & NATS operate on the CGAR Principle ~ Couldn’t Give a Rats Arse ~ about us.!!