Larry Williams Drive

Now look, I don’t think there’s any reason to panic, but if you’ve been reading the news closely - and especially if you’ve been reading more widely than just the New Zealand news - you’re probably starting to feel a little nervous about what might happen to fuel supplies here and the possibility that we may have to start rationing. The Strait of Hormuz is still effectively shut. The Iranians have now attacked 13 tankers. The boss of the Saudi-backed oil company has warned this could be catastrophic for the world’s economy if that strait isn’t opened relatively soon. South Korea has floated the possibility of banning fuel exports. That’s a problem for us - it’s where we get roughly half of our fuel. Parts of rural Western Australia have already run out of diesel because the townies are buying so much of it. They’re panicking. We have around 50 days’ worth of fuel in this country. Half of that, though, is on the water - and ships can be and have been diverted - so you can only really lock in about half of what