Australia Dangerously Dependent On Chinese Fuel Imports

There's growing alarm in Canberra over what's expected to be Australia's inevitable increased dependence on foreign petroleum amid a major influx of cheaper refined oil products from China. It comes as China's crude oil refinery capacity is rapidly expanding and simultaneously Australia is about to see its last four refineries cut down by two, given the recent announced closures of an Exxon Mobil and separately a BP refinery.

  It's yet another way that Beijing has the upper hand and leverage amid the ongoing trade…