There has been much criticism of Australia because of the aggressive lockdowns that have been a response to the corona virus. Even as I type this the two most populous states, NSW and Vic are under draconian measures.
* You must stay home. Only leave your home if you have a reasonable excuse.
*If you must leave home, stay within your local area.
*you must stay within 5km of your home
These measures have been in force for months now and will no doubt continue many months into the future. This is resulting in a massive reduction in oil (petrol and diesel) consumption for our small nation of 26 million. By the end of it the driving habits of the average consumer will no doubt be permanently altered and future lockdown over trumped up virus fears will easily reinforce the trend. With past-peak oil fields globally declining at a rate of 6~7% per year these measures easily get ahead of the curve.
For the longest time energy worry warts have been demanding government take the issue of peakoil seriously and do something about it, but their collective suggestions were either inadequate or downright unpalatable to a free population. The government's solution to the problem though, while causing aggravation among a minority of selfish people demanding the right to go and do whatever they please, is generally accepted by the community at large who live in fear of the dreaded killer virus. I applaud the Australian Government for it's decisive action in reducing our oil dependency and imports.
It is conceivable that given another year or so of aggressive action we could become a net exporter again and this would allow us to avoid the nasty hangover coming for all the nations due to the massive stimulus debts they have incurred.
Last year saw Australian consumption go all the way back to GFC levels so bring it on I say. Let's change our ways and get away from all the frivolous travel, stay close to home and keep safe.