Tuesday, Mar 31, 2026 at 12:14
At present I have been reading
blogs from a bloke named Matt Randolph, whom is a former petrol executive with over 30years experience in the industry.
His insights into the up coming supply issues have been quite accurate, as at present Northern Asia, Singapore, Thailand, Vietnam etc are experiencing shortages and have been seriously considering for a 3 day work week.
What Randolph has mentioned, even if this US - Uranian conflict finished tomorrow and Hormuz was opened up, due to Australia's geographical location being at the END of the Petroleum supply chain, it will take a quite a while for the Australian fuel stocks to be replenished as those countries in Northern Asia would be replenished first before Australia gets a look in.
Japan and China have large stocks of petroleum believed to be nearly 10 to 12 months..maybe more with rationing, so they will be less demanding for fuel supply over this period..it is hoped.
India has done a couple of deals with Russia, so its' dependance on Mid Eastern oil will not as significant as many have predicted..
The Pacific nations, where they will be with their supplies by late April would be anybodies guess. China is out of the equation for helping these countries, as they have of last week banned their overseas exports of its' own petroleum products.
This gives some credence why the Australian Government is now underwriting Australian fuel companies to go on the open petroleum market to buy more fuel supply.
Randolph stated, that the Asian region in the present circumstances will receive its' last designated quota load about April 13th-15th, which correlates to
Bowen's mention of supply guaranteed to mid April.
I have been following a couple of economists, one has stated and he is laying it out there, telling it how it is..not being alarmist, just pointing out facts.
If this conflict continues, the fuel supply windows will get smaller and smaller and we in the western countries will experience Covid conditions without masks on, whilst also getting hit with economic effects similar to that of the 2008 GFC.
We are in for some very interesting times ahead...
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