Brent crude could hit US$100 a barrel and it’s making major fuel importers nervous. Our biggest fuel retailer Z Energy, owned by Australia’s Ampol, says it’s already impacting demand.
00:00 – Intro
01:16 – Interview with Z Energy GM
03:15 – Supply and demand
04:58 – Prices at the pump
08:28 – Weaponised commodity?
10:34 – Electric vehicles
12:39 – Outro
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11 Comments
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$3.917 a gallon here in New York.
petrol is too cheap!
Look, the spin can explain the market, the biggest factor is the government tax, government could make it easier for consumers, but that's not going to happen, 'cause it's a substantial tax take, l remember when at the pump companies had to wait before putting prices up before they bought the new batch that they had paid for, and then you have the Greens loving this trying to make the people cycle, walk and crawl .
Aren't the batteries for evs made with Child labour with unsafe working conditions that is exploited mosty by the US, sounds like we are trading one warlord for another
The collective west is going green and has stopped producing oil. We will be like sri lanka soon following the same green policies as them.
When you hear right-wing nonsense that nz refinery closure is one of the factors oil prices are high should listen to the experts rather from luxon, seymour and their mates in the media. (newstalkzb)
Russia and OPEC are moving away from the dollar (US$) much like BRICS and the global south are as well.
They are also combating imperialist sanctions by waging financial war on the global west. Cutting supply whilst demand is high (and the west tries to shift towards 'green energy') drives oil prices up so much higher.
The overall supply chain needs fuel for transport so if that goes up everything trickles with it, with the consumer paying the brunt of the cost at the end of the chain.
sigh and we're still printing and spending money. oh lawd!
Yet Kiwisavers have been stopped from investing in o&g. Go figure. Shows how bent kiwisaver is. Oil stocks are humming
American dollar is no longer the preferred currency to trade oil way too much blood mixed with there oil .the world is sick of tyrrany that demands control over oil economic.warfare interestingly Australian pertrol is 50% cheaper at the pump