The wretched, desperate reptiles have attempted to ruin the pond's business model by offering "free digital access" this weekend.
What a feeble ploy. As if the pond would simply fold its tent and steal into the night at this temporary offer of freedumb. Does one sunny day make a summer? Does swallowing a gnat make up for straining at a camel?
The pond was built for tough times, and had experienced a surge of inspirational hope from that visionary genius Melania ...
“Curiosity is a core value that keeps me ahead of the curve,” she said. “Curiosity begets knowledge, opening doors to ideas and industries that I may have otherwise overlooked. This unrestricted mindset has led me to build across very different sectors: fashion, digital assets, publishing, accessories, skincare, commercial television, and of course, filmmaking. The lessons I learned when launching my earliest ventures, such as how to build a brand, create superior product design, and activate an advertising campaign, remain just as relevant today. Markets evolve, technologies change, but the fundamentals of thoughtful leadership and continuous learning are everlasting.” (Mediaite)
Exquisite.
Markets might evolve, technologies might change, the lizard Oz might be free this weekend, but the fundamentals of continuous learning are everlasting and the pond's mind dances in the dark.
And thus inspired, how could the pond fail to mention the Currish Snail's valiant attempt to revive the days of Stalin, celebrated by the venerable Meade yesterday ... Disappearing act: Tony Burke erased from Courier Mail as News Corp tabloid alters image
What a must read trouper she is, always venturing into the belly of the beast on a weekly basis ...
The digital disappearing trick was apparently the work of the Courier Mail. The readers were not alerted to the fact that the official photograph was digitally altered, as is the usual practice. We asked the Courier Mail why they removed Burke, why they didn’t disclose the use of editing software to their readers and why they attributed a doctored photograph to the department. We received no response.
Talk about a return to the good old days.
It reminded the pond of a favourite photo celebrated by Masha Gessen in The New Yorker in The Photo Book That Captured How the Soviet Regime Made the Truth Disappear (possible paywall)
Burke should be honoured to be given the Stalinist treatment, though some might think that's the trouble when it comes to ideology - it's always hard to sort the fascists at the Snail from Stalin's Commie swine.
They equally wish that 1984 had come on schedule, and now the Snail is doing its best to keep that year's Stalinist spirit alive.
Meanwhile, the war goes on, and sad to say, the local reptiles simply can't match the American hordes, from the relentless war-mongering of Hannity to Jim Cramer suggesting carpet bombing the country 'Nam style ...
But they do their best, and the weekend is when the heavy hitters come out to gaze at their navels and gather fluff in extended bouts of morose bleating.
The pond will make one concession to this new, chaotic, anarchistic land of lizard Oz freedumb.
It will presume that punters will have taken the reptile freebie offer and plunged into Cameron's report, which was top of the lizard Oz ma, early in the morning ...
Sheesh, it's a 16 minute read, it's worse than a "Ned" Everest, and everything in it will have changed or been revised in a day's time.
Cameron recognised the dismal futility of prediction in his final note ...
...just how much weaker the new Iran will be remains to be seen. Much depends on how long Trump chooses to continue to fight this war. And that is a question no one – probably not even Trump – can answer yet.
Much has been done, but yet much remains to be done, and the answer lies in the soil.
Instead of that kind of verbiage, the pond turned to Dame Slap, almost as visionary as Melania ...
The pond will concede that free digital access does trump the pond.
What an astonishing chance to click on the yarn and see the extraordinary, albeit uncredited, graphic of King Donald's arms in Shiva motion.
Exquisite.
And when confronted by a mention of Gerard Baker in the WSJ, no matter, because the reptiles want punters to stay inside the hive mind, so a simple click took you away from Dame Slap to this ...
And so on, and so the pond can't blame anyone for seizing on the reptile feast like a Banquo at a wedding banquet, but the pond will maintain its traditional methodology, because this was sublime essence of Dame Slap MAGA cap wearer:
Gerard Baker of The Wall Street Journal gave a textbook critique of the communication techniques of Donald Trump and his administration in these pages this week, concluding that Trump and co are a miserable failure.
“We can’t be expected to raise our eyes to the shining beacon of our noble ideals if we can’t see through the acrid smoke of our leaders’ intemperate, incontinent, infantilising verbiage,” Baker wrote. That’s all true. And now my advice, with respect, about Baker’s masterly analysis of the received wisdom is this: rip it up.
Inevitably there was a snap of Dame Slap's hero, designed to make her feel moist, Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House. Picture: AFP)
The insights tumbled out with astonishing rapidity, as if the Dame had been given an Uzi ...
At some point, American politics will resume (kind of) normal programming, meaning that future presidents will do what past ones have done. There will be a return to (mostly) carefully calibrated words and agreed talking points. Whether their words uplift us or not may depend a great deal on whether we support their brand of politics.
Ronald Reagan, known as the Great Communicator, sure knew how to use words to sell important ideas, but it’s not everyone’s cup of tea to hear that the “nine most terrifying words in the English language are: ‘I’m from the government, and I’m here to help.’ ”
It’s not unreasonable to be attached to what has gone before. History taught us to expect soaring words to convince us about a war, for example. Winston Churchill famously said “victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory there is no survival”. Trump is different. Speaking about Iran from his golf club in Florida this week, he said: “They better not try anything cute or it’s going to be the end of that country.”
What a cheenius, so much better than that ancient memory, Ronald and Nancy Reagan waving and clasping hands in victory at Reagan's first inauguration, on January 20, 1981. Picture: via Getty Images
Hmm, did Nancy's devotion to astrology and such like portend the fate of Jackie O? Never mind ...
Educated elites will always prefer the moving rhetoric of a Churchill or the folksy brilliance of a Reagan or the progressive eloquence of a Barack Obama.
Alas, Obama v Trump is another futile contest. Obama was, at times, a magnificent speaker; as far as we can tell, he is a decent human being of unblemished personal integrity. Certainly, he is mostly adored by the media and political commentators. Trump, not so much. But the maverick Trump may well prove to be a much more consequential president. Time will tell.
In the meantime we may as well get over our attachment to the norms of politics, where even political leaders who can’t string words together like Churchill or Reagan will, whether talking about domestic policies or international crises, conform to a stock standard style of speaking: they will be cautious, knowing that every word will be parsed for meaning and will become a measuring stick for their performance.
Please pause to hiss, Former US President Barack Obama. Picture: AFP
It’s not just that Trump’s words matter less than his actions. His unpredictable, shifting, messy and mercurial style, be it about war or tariffs, is how he gets things done.
This is discombobulating for those of us who are used to expecting a certain consistency and clarity, to the extent that political leaders offer that. And let’s not get carried away with that either. Flip flops are part of the political toolkit for most leaders.
But by normal standards Trump is a trailblazer on moving the goalposts. What he is clear about on Monday, demanding regime change in Iran, changes by Friday, when what he is clear about is that the mission in Iran has become about getting rid of the nukes.
Maybe Trump watched too much Get Smart as a kid. At times he sounds like the comic spy Maxwell Smart, who was famous for his “would you believe” routines. Like this one: “At this very moment, this warehouse is being surrounded by 100 cops with Doberman pinschers … Would you believe it? A hundred cops with Doberman pinschers … Would you believe 10 security guards and a bloodhound? … How about a boy scout with rabies?”
Back to a reassuring, calming image, Donald Trump speaks to the press after landing on Air Force One on March 11. Picture: Getty Images
What a treasure for MAGA cap wearers of the Dame Slap kind ..
Is Trump’s unpredictability innate, deliberate, clever or plain dumb? Some and all of those, at different times. Deliberate and clever in the sense that as the negotiator-in-chief, Trump knows that uncertainty keeps the other side on their toes, be they European countries, Gulf states or Iran. It means that not even allies can take for granted what has gone before Trump.
And why should they take the past for granted? America has done all the heavy lifting on European security for years. Trump ensured that European members of NATO finally realised – after decades of putting their heads in the sands and ignoring previous US presidents – that they needed to pay more for their own security. A few decades ago, there were grand promises from NATO members to beef-up defence spending to 2 per cent of their country’s GDP. In 2014, three NATO members were doing that. In 2025, 31 countries delivered on that commitment – and at the NATO summit in The Hague last year, NATO members upped that commitment to 5 per cent of GDP by 2035. This monumental shift in defence spending by European countries didn’t happen under Joe Biden or Obama or George W. Bush.
Indeed, indeed ...
Sorry, the actual distraction, not that Seth Meyer graphics department offering, Trump speaks to the media aboard Air Force One on October 24, 2025, on the way to high-stakes trade talks with Chinese counterpart Xi Jinping, saying that he would also like to meet North Korean leader Kim Jong-un on his trip. Picture: AFP
On with the worshipping ...
Trump’s brash, unpredictable style is genuinely disappointing for those who want decorum in politics. Worse, his manner is terribly troubling for those who want to know what the heck he will do tomorrow. But remember that Trump’s bewildering approach to leadership is also confusing his enemies. And that may be a good thing.
The new line-up of ruling mullahs in Iran truly has no idea what Trump has planned, largely because Trump may not have worked it out either. It might then be worth us cavilling less about Trump’s unique style of political leadership if that leads to befuddled confusion among Iran’s mullahs.
Even the nickname he earned – TACO – cannot be applied consistently. Trump’s attacks on Iran – last year and in the latest devastating bombing campaign – show that sometimes Trump doesn’t chicken out.
How to make a purse out of a sow's ear? Easy if you're Dame Slap ... Trump’s bewildering approach to leadership is also confusing his enemies. Picture: AFP
Oh we're all completely confused, and bewildered, and how good is that, and marvel at the way that smug smirk sent Dame Slap into a final fawn ...
Remember Obama’s famous “red line” with Syria? Obama promised “enormous consequences” and said he would “change my calculus” on American military intervention in Syria’s civil war if Bashar al-Assad used chemical weapons. In 2013 Assad used a deadly nerve gas, killing more than 1000 rebels. And Obama blinked.
Trump’s determination to neuter Iran’s military may well alter regional politics in the Middle East. For years, while assuring investors they were peaceful and thriving economies, Gulf states, especially the United Arab Emirates, did deals with the devils in Tehran, allowing the mullahs to use front companies to use the banking systems of Arab countries to bypass international sanctions. Now those same Arab countries are being bombed by Iran. Perhaps this reality will drive Arab countries towards a tighter regional pact that recognises that Iran is led by a terrorist regime.
The monumental changes in the Middle East can’t be measured now, it is far too premature, but there are signs that offer cautious optimism.
True, there is no soaring rhetoric, no logical, reasoned explanation of his Middle East policy. That’s not Trump’s modus operandi. And he’s not going to change.
This is his last term. POTUS Trump is certainly having a red-hot go at overturning the accepted wisdom of history. He hasn’t met a sacred cow he won’t turn into minced meat, in his own mercurial and messy way. And that includes taking a knife to orthodox political leadership.
So we may as well stop wishing for something different. The ride may not be pleasant but it is possible that we end up in a world that has confronted some unpleasant realities.
The pond was so delighted by the freedumb to hand that it decided to plunge deep into the hive mind below Dame Slap's offerings ...
And so to the bromancer, and for some strange inexplicable reason, the bromancer went MIA on foreign affairs, the war and the whole damned thing, and instead decided to join the Canavan caravan ...
Sheesh, 8 minutes of the bromancer on the Canavan caravan, but at least it distracted from King Donald ... and the war, and the Ruskis getting an edge in Vlad the Sociopath's war on Ukraine ...
Polls now put Pauline Hanson’s One Nation ahead of the Coalition with about 25 per cent support. That’s astonishing, a profound crisis for the centre right. Two things stand out. One Nation’s vote is also just behind Labor’s, which is down on its low primary vote at the last election. Our perverse electoral system delivered Labor a seats landslide but voters are deserting Labor too.
Second, the Coalition plus One Nation and other bits and pieces on the right score just under half the primary vote. The electoral swing to the left is overstated.
Across the democratic world, both right and left populism is surging. On February 26 the second by-election under Keir Starmer’s British Labour government was convincingly won by the Green Party, which is even more extreme than the Australian Greens. Nigel Farage’s Reform UK came second.
The electorate in Greater Manchester (under different names) has been held by Labour since the 1930s. The Conservatives and the Liberal Democrats both scored less than 2 per cent. Neither Labour nor the Conservatives was competitive. The other, earlier by-election since Starmer’s triumph in 2024 was also in a safe Labour seat. It was won by Reform. Voters don’t like the major parties.
The reptiles threw in an AV distraction, which freedumb seekers might well be able to play ...
Germany's domestic intelligence agency on Friday classified the far-right Alternative for Germany (AfD) as an extremist entity that threatens democracy, a move enabling it to better monitor the party that came second in February's federal election. Sean Hogan reports.
What a chance to have a free beer with the reptiles ... even better than the DW reports that litter ABC News ...and what a relief, because relax, it's not all about the way that coal batters ... the cunning bro had simply used the Canavan caravan to indulge in a world tour showing off his catholic tastes ...
Importantly, not all right-of-centre populists are the same. Alternative for Germany I think genuinely extreme, whereas Meloni is Europe’s most impressive head of government.
Left-wing populism is also on the rise. The British Greens are virulently anti-Israel to the point of antisemitism and ran in an electorate with a 30 per cent Muslim minority by smearing the left-wing Starmer government as being too pro-Israel. They ran the normal Greens nonsense on economics.
They are a deeply weird party even by Greens standards. Their leader, Zack Polanski, once claimed he could increase the size of women’s breasts through hypnosis. Yet the British Greens, in numerous polls, are now running second nationally to Reform, with the Conservatives third and Labour fourth. The extreme, nutty and nasty Greens could be a big part of a future UK government.
New York City mayor Zohran Mamdani won a huge victory with vile anti-Israel policies (what’s that got to do with being mayor? Good question), all sorts of new anti-business taxes and extravagant economic giveaways.
There's nothing like defaming Islamics to get the bromancer going, New York City Mayor Zohran Mamdani, a democratic socialist, heralded the first time a mayor of New York City used Islam’s holy text to be sworn in. Picture: Andres Kudacki/AP
The bromancer was up for deep currents and complex issues, and sorted them out in his usual simpleton, simplistic way ...
These are deep currents and complex issues, but let’s try to identify a few key trends.
Western electorates are suffering economic stagnation, slow or negligible economic growth and often, certainly in Australia, real decline in living standards. They are ageing societies, child-averse and ever more welfare dependent. They’re disoriented by social change at a dizzying pace, through often unplanned and uncontrolled mass immigration, some of it attracted by Western welfare, and through successive technology revolutions from social media to artificial intelligence.
Almost all Western societies now have sizeable Muslim minorities (a bit more than a million in Australia), which means that anti-Israel attitudes are important in left-wing populism. Green crusading extremism and identity politics become populist cudgels for semi-educated graduates long instructed to hate their own societies. Scandals such as the Jeffrey Epstein affair add to the contempt voters have for elites.
Populism traffics heavily in culture and symbols, and here left and right clash viciously, but they often converge on much economic policy, namely governments making wildly inefficient, non-means-tested payments to voters. Thus the Albanese government abolishes much student debt, pays voters money to compensate for energy price rises caused by government policy, finances universal childcare, NDIS expenditure grows exponentially, etc.
Voters increasingly think all mainstream parties useless if not corrupt and try alternatives, especially ones that seem authentic and promise disruption. Cue Trump, Farage, Meloni, Le Pen etc.
The world tour came to a juddering halt, no thanks to the red head ... Polls now put Pauline Hanson’s One Nation ahead of the Coalition with about 25 per cent support. Picture: NewsWire / Simon Dallinger
The bro was outraged. While everyone knows that Mamdani is vile, there has to be some kind of limit:
I think she’s wrong on immigration. Her recent comment suggesting there were no “good Muslims” (which she later partly withdrew) was offensive in principle and utterly ridiculous. Yet its very ridiculousness created its cut-through. It’s Trump-like. If you want to vote to reduce Islamic immigration, Hanson’s got through to you.
Notwithstanding Hanson’s offensive and ridiculous Muslim comment, Tony Abbott is surely right to argue that One Nation is today more moderate and mainstream than it was in 1998. It’s no longer a party of nuts and ratbags that gets 3 per cent support. Barnaby Joyce, for all his travails long one of the big cats in Australian politics, gives it a daily media presence beyond Hanson.
Ah, the bromancer, still deeply in love with the onion muncher. What an enduring romance for the ages.
Now for a truly terrifying sight ... Greens Senator David Shoebridge this week described Coalition politicians as ‘scumbags’. Picture: NewsWire / Martin Ollman
Time to get back on that Canavan caravan ...
In the coming Farrer by-election, the Libs and Nats will preference each other but would then be smart to put One Nation ahead of Labor and the teal-like independent. When One Nation polls 25 per cent, putting it last insults its voters.
Canavan is important because he’s a big, authentic personality; he has been consistent on key issues such as net zero; he believes things passionately; he’s a mainstream, good-humoured, relatable guy; he’ll win the energy debate if he gets a fair hearing; and he’s full of energy. Subjective factors count. The populist era favours big personalities. Australia will be better off if the Coalition remains the dominant centre-right force. To do this it must mainly fight Labor; convince voters it has economic solutions; and compete vigorously with One Nation but reject the progressive double standard that demonises it while giving the Greens a fraudulent pass. A broad coalition of the right versus the Labor-Greens-teals coalition of the left is the most coherent politics we’ll get. It could be much worse.
Greg Sheridan is The Australian’s foreign editor.
The pond regrets that the bromancer's piece attracted far less sound and fury than did Dame Slap's ... but all the same, here's a short plunge into the hive mind...
What a way to celebrate the hope of the vote ...
At this point the pond should confess that it woke up to a BBC world service science show proposing that the climate is warming much faster than thought.
It was an old story, having turned up in the Graudian a week before ...
What an astonishing piece of art, with nary a hint of AI about it, just pure undiluted Salvador DalÃ.
Well done Frank, what an astonishing visual artist you are, full of profound metaphors that have echos of Melania ... though sadly your bigly genius was followed by an interminable 10 minute read with the Ughmann, or so the reptiles clocked it, though for the pond it felt like eternity captured in an oil barrel ...
This astonishing news nugget was unearthed by The Nightly’s Andrew Greene and the government has not denied it. We do not know whether our sailors were instructed to pull the doona over their heads, but Acting Defence Minister Pat Conroy did confirm that “they played absolutely no role in the offensive operation”.
Recognising that this was a compleat turn off, the reptiles quickly flung in the shaken and stirred Bond of Sky Noise down under (still no re-brand?)
Sky News host Caleb Bond backs Prime Minister Albanese after he revealed three Australians were on board the US submarine that sank an Iranian frigate. “The Prime Minister exclusively confirmed to Sky News today that three Australians were on board the US submarine that sank an Iranian frigate this week,” Mr Bond said. “They were on board the sub as part of the AUKUS agreement to give Australian sailors experience on nuclear submarines. “Now the Greens have been trying to make out like this means we have boots on the ground or something. That's not what's happening. “A few Australians happened to be present when a naval submarine was on a naval mission. Nothing more, nothing less.”
That sent the Ughmann into a frenzy of grim realities, and never mind the grim reality of climate science:
One of the Albanese government’s favourite fables is that the world is undergoing a rapid energy transition to cut carbon emissions. In this tale the shift from fossil fuels is swift, painless and profitable as the globe is saved from Armageddon by multinational wheels whirring in electric harmony. Hydrocarbons vanish as wind, solar and batteries power nations, electric vehicles hum through the streets and green industries sprout like flowers on the graves of dark satanic mills. Australia emerges as a clean energy superpower.
This story is echoed by a revolutionary guard of energy-illiterate politicians, bureaucrats, activists and subsidy-harvesting businesses. They are now on a unity ticket claiming the war-induced shortage of oil and gas proves Australia’s energy security lies in ditching fossil fuels and hitching our fortunes to the whims of the weather.
To believe this you have to ignore a basic truth: fossil fuels built the modern world and still sustain it. Wealth is energy converted into work. The more energy a society commands, the richer it becomes. The price of oil and gas underpins the price of everything.
Australia is rich in hydrocarbons and could shield itself from global shocks by exploiting the wealth beneath our feet. Instead our rulers have chosen to restrict the fuels that power our economy.
Gas 'em all ... The North West Shelf gas project, a testament to Australia’s significant hydrocarbon wealth. Exploiting such resources could shield the nation from global energy shocks, yet current policies restrict access to the fuels that power our economy. Picture: Supplied
Gotta love that burn off, and the Ughmann maintained the burn ...
The latest Gulf war is a brutal reminder of which fuels actually matter. This war is being waged by combatants who know that targeting energy sources cripples nations. Iran may be helpless to stop American and Israeli strikes but it can inflict worldwide pain by choking oil and gas supply through the Strait of Hormuz and bombing the regional infrastructure that keeps hydrocarbons moving: refineries, export terminals and fuel depots. This is now a global energy war.
Despite decades of talk about transition, the world still runs predominantly on oil, gas and coal. When the flow of those fuels slows, the consequences rip through the international economy.
Not convinced? Try this pop quiz.
For some perverse reason, the reptiles decided to interrupt the quiz with a couple of snaps ... Oil tankers and ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, on March 11, 2026. Picture: AP;The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz, after an attack by Iranian forces. Picture: AFP
Then the Ughmann could get on with a standard bit of renewables bashing ...
Primary energy is the best measure of how an economy actually runs because it counts all the fuels that power it, not just electricity generation. That matters because the things that keep the real economy moving, such as transport, mining and agriculture, run overwhelmingly on liquid fuels.
We do not have to guess at the numbers because they are reported by the government in Australian Energy Statistics under energy consumption.
“Fossil fuels (coal, oil and gas) accounted for 91 per cent of Australia’s primary energy mix in 2023-24,” the government website says. “Oil accounted for the largest share of Australia’s primary energy mix in 2023-24 at 41 per cent, followed by coal and gas both at 25 per cent. Renewable energy sources accounted for 9 per cent.”
To put this in perspective, the global primary energy mix is about 82 per cent fossil fuel dependent. So even by the hydrocarbon-guzzling standards of the world, Australia is unusually gluttonous and nowhere more so than in transport.
Oh yes, it's all going splendidly well, helped along by an entirely meaningless decimation of Iranian schoolgirls, Global oil storage, a stark reminder of the world’s 82 per cent reliance on fossil fuels for its primary energy mix. Picture: Getty
There's nothing like oils to get Sol and the Ughmann excited ...
This point was underscored in the final report of the 2020 Liquid Fuel Security Review.
“Liquid fuel is the backbone of the Australian economy,” the report says. “It underpins every aspect of our daily life, from our groceries to our commute to work and our emergency services. On average, each Australian uses nearly three times more energy from liquid fuel than they do from electricity.”
Given our heavy dependence on liquid fuel, and recognising that we live on an island, how much of our own oil do we produce and refine?
Forget EVs, remember to keep on trucking, .Liquid fuel, transported across vast distances by road trains like this, is the backbone of Australia’s economy, making the nation unusually dependent on hydrocarbons for transport. Picture: News Corp
On the Ughmann drove, deeper into the important business of f*cking the planet (*google bot aware):
About 80 per cent of the diesel, petrol and jet fuel here comes from refineries in Singapore and South Korea. Only about 20 per cent is produced at the country’s two remaining refineries in Brisbane and Geelong, and they rely largely on imported crude. It all arrives in a steady stream of about two tanker deliveries a day under long-term contracts, with prices typically benchmarked to the Singapore fuel market.
For now those supply chains are working. The pressure here has come from a surge in demand as bulk buyers, particularly in industries that depend on diesel, move to secure fuel. Major suppliers are prioritising contracted customers, but some independent wholesalers that relied heavily on the spot market have struggled as cargoes dried up.
The deeper risk is the reliance the Asian refineries have on Middle Eastern crude. If the source of oil fails or foreign governments prioritise domestic markets, existing contracts could be revoked. Some energy traders and refiners supplying other countries have already declared force majeure, the contractual clause that allows them to suspend deliveries when extraordinary events make them impossible.
Australia is profoundly exposed. Decisions made in other nations will determine our fate because we have deliberately chosen to become an energy vassal.
Repeating the point that we live on an island, and these risks are obvious, surely we stockpile fuel? We do and the numbers are reported in the government’s minimum stockholding obligations. The last readout says we have 36 days’ worth of petrol, 32 of diesel and 29 days of jet fuel. This is a vanishingly small amount in reserve.
The world is now being reminded that the International Energy Agency was created after the oil shock of 1973 and its primary task was to build a buffer against supply disruptions. Australia is one of the IEA member states that signed an agreement that required each to hold oil stocks equivalent to at least 90 days of net imports. Australia has been in breach of this agreement since 2012. This column has been banging on about this, in several venues, since 2016, clearly with no effect. All political parties are responsible for where we find ourselves today.
The stockpile system was designed to cushion the world against sudden supply disruptions by releasing oil into the market during a crisis. Stabilising supply also helps prevent the kind of price spikes that can tip the global economy into recession. That is why there will now be a co-ordinated release of fuel from the member countries.
Of course it might have been simpler for the demented narcissist intent on distracting from the Trumpstein files not to have taken his frustrations out on Iranian schoolgirls, but what a chance for the Ughmann ... As fuel supplies are choked, the pain of inflation extends beyond the bowser, impacting the price of every item on supermarket shelves, driven by the cost of road freight. Picture: Getty
And so to the final gobbet ...
You do not need much imagination to conjure a scenario where our fuel lifeline of supplies from Asian refineries is cut. That trade comes through the South China Sea. What do we imagine will happen to those supply lines if there is ever a war over Taiwan?
The longer the world’s supply of fuel is choked, the more the pain will grow. It will be measured here in inflation, not just in fuel prices but in every piece of road freight. All we can do is hope that The Gulf war ends soon and that this crisis is enough to spark some real change in our leaders’ approach to energy security.
Right now, depending on the day, the price of oil and gas rises and falls on the musings about the war made by the American President.
Stung by the domestic price rises, Donald Trump has said he will call the conflict to an end soonish. Interesting that he believes he can turn wars on and off and that those he attacks have no say in the matter. What if the survivors of the Iranian regime have no interest in shouldering arms?
The end of the despotic medieval mullahs’ tyranny over its citizens is devoutly to be wished, but it seems unlikely. And while Trump’s war aims meander, the Iranian regime has one crystal-clear goal: survival. The hangman’s noose tends to concentrate the mind.
If the only way Iran’s mullahs can inflict real pain on the US and the rest of the West is to push the globe into a recession, that is what they will do.
They can also focus all of their effort on a strait that lies just off their coast and is only about 33km wide at its narrowest point, with tanker traffic confined to shipping lanes about 3km wide in each direction. They do not even have to sink ships. The trade stopped when war risk insurance disappeared and tanker owners refused to sail.
Trump says the US will underwrite insurance and lead convoys with warships. If form is any guide that service will not come cheap. It is also doubtful he will want any Australian sailors on board.