David Keat

Repeat after me.

Well, no and yes, if I can answer.

It's a good idea to have a good relationship with anyone on these

as you say, difficult times.

So I think, in a sense, it's a good thing to have.

It's better than having nothing at all.

But in practical terms for fuel supply, it won't do a great deal.

We're worried about two things, aren't we?

Availability and price.

It won't do anything for price, because the price on the day we activate this thing will be whatever it is, which will be probably quite high.

In terms of ability to deliver...

So the refineries will deliver what their contractors supply under any circumstances until they can't.

And if they can't, well, the Singapore government telling them to won't change that reality.

Oh, I think it's slightly less emotional than that.

No, in reality, like you, I haven't been too worried about supply at all.

The reality is that there's still 90% or more of the crude that was originally available is still available.

So there is a shortfall around the world, which is why the price is high.

So it basically comes down to rich countries pay more, which is what we're doing, and poor countries miss out.

And of course, demand is growing.

reduced because of the high price.