Rachel Lavin

So you can obviously see the government initiatives taking some effect.

But it's very much a wait and see.

This market is incredibly volatile.

And obviously the situation in the Middle East is incredibly volatile as well.

I couldn't say for sure.

This feels relatively unprecedented for the last few decades.

So, you know, it is an international oil supply crisis.

I guess we're kind of in new territory here.

The only parallel might be the beginning of the Ukraine war.

But that completely reconfigured how we consume and get our supply of oil.

So, again, we're in new territory here and it's all to play for in the coming weeks.

So according to the Bloomberg terminal, we have 26 oil storage terminals around the country.

But we also store a lot of our reserve abroad.

So we store some of it in Spain, Sweden, Denmark and the Netherlands.

Amsterdam is a major port destination.

Most of the National Reserve is on Whitty Island, which is an island off the coast of Bantry.

I'm sure people in Cork are familiar with it.

It used to have gun batteries from the 1800s.

It was used as an airbase by the US during World War I. And it has been an oil terminal since the 1960s.

There was actually a famous...