Oil prices could be where the Middle East crisis collides with Australia’s cost-of-living crisis

Source: SnoopThylacine

5 Comments

  1. Australia should have been developing its oil extraction in anticipation of the inevitable closing off of the Persian gulf by conflict.

    Imagine a world oil price spike and having a supply source on the other side of the world as far as you can possibly get from the conflict and not developing it.

  2. Except that oil prices have been dropping over the past couple of months despite tensions due to lower demand, unless Saudi supply gets impacted there will likely be no change from the current trend

  3. Forsaken_Alps_793 on

    >If the Coalition didn’t vote for the bill, that would show it would sell the NBN, Labor claimed.

    Hey politician, “what type of inference is this?” – affirming the consequent is a formal logic error. We are not easily fool.

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