Glad Mike Burgess is “comfortable” clearing visas for non-citizen Iranian athletes, while Australian children are left to rot in foreign ISIS detention camps. Security when it’s politically convenient, indifference when it’s inconvenient. That’s not principle. That’s selective morality #auspol
If the West says Iran is a terror state and existential threat, then suddenly fast tracking visas for Iranian athletes while Australian children rot in ISIS camps exposes the hypocrisy. Security panic when convenient, humanitarianism when it looks good. That’s not principle. That’s politics #auspol
Australians are poorer than they were a decade ago. Real wages stuck at 2013 levels. Housing crisis exploding. Labor’s response is more defence spending to satisfy the US. At this point Albo is just Dutton with better PR #auspol
If oil prices surge due to a Strait of Hormuz disruption the RBA may not be hiking rates at all. Instead Australia could face emergency rate cuts as an oil shock crashes economic growth and employment #auspol
If the Strait of Hormuz remains dangerous for shipping companies many tankers simply will not enter. Insurance and security risk alone can halt energy flows without any formal blockade #auspol
Oil markets are behaving similarly to early COVID reactions when markets initially underestimated the scale of disruption before global systems suddenly shut down #auspol
The risk scenario discussed is not just higher petrol prices. It is the combination of supply shock, hoarding behaviour and governments restricting exports to protect their own economies #auspol
Australia is highly exposed to fuel shocks because national fuel reserves are extremely small. A major global disruption could deplete domestic supply quickly if panic buying begins #auspol
When oil supply collapses countries stop exporting and keep fuel for themselves. That turns an energy shortage into a geopolitical crisis because global oil trade itself begins to break down #auspol
In an extreme supply shock oil might not just reach $150 per barrel. The price required to rebalance demand could be far higher depending on how quickly economies must shut down consumption #auspol
If oil shortages persist markets will not adjust gradually. Prices would need to rise enough to destroy demand rapidly which historically means recession level price spikes #auspol
The current Persian Gulf oil disruption is estimated at about 17 million barrels per day. That is roughly seventeen times larger than the peak Russian supply shock during the 2022 invasion of Ukraine #auspol
Oil flows through the Strait of Hormuz have reportedly fallen by about 18 million barrels per day leaving roughly 10 percent of normal volumes moving. That is one of the largest supply shocks ever seen in the oil market #auspol
Most of our domestic refineries actually closed under liberal governments but no let’s just keep blaming labor for macro economic issues #auspol
A majority of Americans do not support war with Iran, yet Tony Abbott is riding harder for the US than many Americans themselves. Meanwhile Labor is supposedly the side that is “out of touch.” The political theatre writes itself #auspol
Potentially looking at $10 a litre for fuel or because Israel is holding God knows what over Trump’s head #auspol
The world is facing a major oil supply shock while Australians face record rent, collapsing housing affordability and the lowest rental vacancies in modern history. A system already stretched to breaking point is about to be stress tested #auspol
Energy shocks spread through everything. Fuel rises, freight rises, food rises. But Australian wages are still roughly stuck at 2013 levels in real terms while rents are the highest ever recorded. That gap cannot hold forever #auspol
Oil is surging toward crisis levels while Australia has some of the worst housing affordability on record. Vacancy rates are near historic lows and rents keep rising. Add an energy shock and the system starts to crack #auspol
Markets across Asia are plunging as oil surges. Meanwhile Australians are dealing with rents up more than 40 percent in five years and wages that have barely moved in a decade. When global shocks hit a broken domestic economy the pressure explodes #auspol
Oil shocks push up fuel, transport and food costs across the entire economy. Australia is entering that shock with stagnant wages, record rents and vacancy rates around crisis levels. This system cannot sustain another squeeze #auspol
Oil markets are now losing roughly 20 million barrels a day due to the Strait of Hormuz disruption. The 1979 oil shock that triggered global recession only removed about 4–5 million barrels a day. This crisis could be far bigger #auspol
Gulf states are among the richest countries on Earth. If they are being targeted because they align with the US, why is Australia expected to help fight their wars from the other side of the planet? Ask America, Europe, or Turkey first. Australia is not the world’s security contractor #auspol
Albanese holds the largest single party majority in modern history while real wages have barely moved in a decade. Instead of focusing on living standards, he lines up behind US strikes. Empire first, Australian pay packets second. That is the choice he just made #auspol
Australians are dealing with rent stress, weak productivity growth, and fragile consumer confidence yet the Prime Minister’s instinct was to step into a volatile foreign conflict rather than stay disciplined and focused on the economy #auspol
The Guardian reports “at least $30bn” to build the Osborne submarine yard, with Albanese announcing a $3.9bn “down payment.” For a working family paying $650 a week in rent and watching grocery bills climb, that scale of spending feels distant from daily pressure #auspol
Anthony Albanese says Aukus is in everyone’s interests. But Congress is openly canvassing not delivering boats. So we are pouring $30bn into a yard that could end up building what exactly. Optimism is not a procurement strategy #auspol
$30bn for a submarine shipyard. $3.9bn “down payment.” No confirmed completion date. No guarantee the US will even deliver subs. Labor calls it nation building. Voters might call it blind faith with a blank cheque attached #auspol
The Coalition reuniting was inevitable. The Nationals poll ~3% and exist to lock in a few rusted-on rural seats. But the Coalition has lost cities to Teals and ground to One Nation. Even a multi-party bloc can’t fix that. The path back is structural, not tactical #auspol
Sydney is now the second most unaffordable housing market in the world. Labor should be ashamed. A country that sells the myth of a fair go while pricing people out of shelter is broken. Chris Minns has done nothing on housing and overreaches on political communication instead #auspol
