Final answer:
The HQ USAF Directorate of Logistics, Logistics Readiness Division, Fuels Management Branch is responsible for creating and updating policies related to Air Force petroleum resources management.
Step-by-step explanation:
The responsible entity for establishing and updating Air Force policy for managing petroleum resources is the HQ USAF Directorate of Logistics, Logistics Readiness Division, Fuels Management Branch. They play a crucial role in ensuring efficient and effective fuel management within the Air Force.
The entity responsible for establishing and updating Air Force policy for managing petroleum resources is the HQ USAF Directorate of Logistics, Logistics Readiness Division, Fuels Management Branch.
The significance of this role stems from the concern shared by U.S. military strategists about the potential impacts of a diminishing petroleum supply. This organization has the vital task of ensuring the efficient and effective management of fuel resources, which is crucial for maintaining the operational readiness of the Air Force.