Australia: Foiling Oil Down Under

Out of Brisbane harbor last week sailed the coastal tanker Millers McArthur, carrying a cargo of crude oil from the fields at Moonie, Queensland, to a refinery in Kwinana, Western Australia. The tanker's long coastal voyage earned it a special distinction: it was the first Australian ship ever to carry Australian oil. Its journey also marked the high point in a one-man crusade to save Australia's $118 million coal industry from an onslaught by foreign oil companies, which have been saturating the market with vast quantities of low-cost, waste-product fuel oil from their Australian refineries.

Asians & Costs. The challenger...

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