Andrew Jenningsmaybe the Australian government needs to do a bit of education on how the oil market works https://science.howstuffworks.com/environmental/energy/crude-oil-market.htm When prices rise, a whole set of producers fire up and start pumping. It takes a while to get moving, but it self corrects very quickly. Short of the apocalypse we are extremely unlikely to have high prices for a long period. #auspol
Lats (314 ppm)@andyjennings hmmmm, so really it’s the gulf states that will the losers if their infrastructure gets bombed? As well everyone else till the correction works thru.
@Lats Left defenceless and only Australia came to their aid. They have considerable financial power, and they will not forgive this.
@andyjennings lucky for us that Albo thought ahead. I would prefer that some off shore wind turbines were built though.