~ Again noted further to our last Sunday thematic on Australia on Sunday “Upside Down Under” — Australia’s last of two remaining refineries, Viva Energy’s Geelong facility (~120,000 b/d, ~10% of national fuel supply, ~50% of Victoria’s), had an explosion, seemingly on the old classic risk: deferred maintenance to run harder in a crisis causes accidents, and that theme will continue globally. Gets worse: Australia’s largest ammonia plant shut down too — Yara’s Pilbara facility