Andrew Jennings2d ago
Australia does not directly import any oil through the Straits of Hormuz. All of it comes via countries that are not at war with Iran. So as of today our supplies are completely open. The reporting on this is appalling. #auspol #iranwar
Show threadStephen Gentle2d ago
@andyjennings The media loves a good sensational story, truth be damned... Then that led to panic buying which led the the shortage which led to more sensational stories and the cycle continues…
Show threadStephen Gentle
@andyjennings Of course it will be a bigger and bigger problem that 20% of supply is locked up so there will be a lot of re-allocation. Hopefully this kick starts a push for things like more rail freight and more electrification though.
Mar 25 at 12:28pmWeb