Ciarán Hancock
👤 SpeakerAppearances Over Time
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Now, the government has flagged a 9 billion surplus for this year, higher than we previously expected.
So it can go a long way, can't it?
So, John, in terms of jet fuel, where does Ireland stand in terms of how much is available and also the price of jet fuel going forward and what that might mean for consumers in terms of their holidays or breaks?
In Europe, yeah.
But still, the outlook is not great, is it?
We have midterm elections in America, Cliff, so maybe this is the spur for Donald Trump to agree some sort of a deal with Iran.
Because it's starting to feed through to inflation now.
Cliff mentioned the meeting with Xi, John.
How is China fixed?
Because obviously it's a big consumer of fossil fuels, but it also has a lot of buying power.
I haven't said, there's a lot of money at play here, right?
And the Saudis and others in the Middle East make a lot of money from selling oil.
So presumably they'll find another way, they'll find another way around it.
They'll find a way that doesn't involve the Straits of Hormuz.
It has also increased calls for North Sea oil, for example, to start drilling for oil again and gas in the North Sea and other parts of the world.
There's been renewed calls for that.
Again, not a short-term solution, but medium-term.
Is it not a wise move, John?
That ship has sailed.
Now, there is a school of thought that there's more gas to be mined around that field and they could extend the life of it.