Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
If you had told me this would happen this week, I would have said no way.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
And it's not because it's infeasible.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
You know, these refineries, they are old pieces of equipment, highly combustible liquid gases and all that sort of stuff through them.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
So it's entirely possible.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
But just the timing of it, as you said, like it couldn't have been much worse.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
I mean, the one good thing about Australia is
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
fuel situation over the past six or seven weeks is that our refineries, the two that we do have and as small as they are, have been up and running at or close to capacity.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
Together, they supply about 20% of our fuel needs, which is great.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
However, like you said, that all changed on Wednesday night, didn't it?
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
And come Thursday morning, it was just the imagery of it, you know, and the timing of it was really something.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
And obviously it's a good thing no one was hurt, but what's likely to hurt even more are our hip pockets.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
I think James, like the prime minister says, don't worry about it.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
Don't worry about the prices, but I am.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
Australia's petrol and diesel markets, they're so finely balanced, you know, that when you take something like a few percent of supply out of the market, which is what they're talking about now.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
It makes us rely even more on import markets, the volatile prices.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
It's hard to see how this doesn't flow through to high prices at the Bowser, even if just for a little while.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
I mean, obviously, it hurts Viva Energy, the company that owns the refinery.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
It hurts their profits.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
But I think, James, the person that really hurts the most is Anthony Albanese.
Chanticleer
Refinery fire means more pain, Westpac’s vital Iran warning & Gina Rinehart claims victory
This is the last thing.