the NZ/Australia exposure to a new round of Hormuz closures discussed, an excerpt here:
The US did not just sell oil. The US kept Australian trucks moving and New Zealand supermarkets stocked. If the US restricts refined product exports, which analysts predict a Trump administration will do as domestic inventories hit operational floors, those tankers vanish. Australia and New Zealand do not get outbid. Australia and New Zealand get excluded. The global market becomes a closed club, and the countries that closed their own refineries to save money discover they cannot buy their way back into the club.
the NZ/Australia exposure to a new round of Hormuz closures discussed, an excerpt here:
The US did not just sell oil. The US kept Australian trucks moving and New Zealand supermarkets stocked. If the US restricts refined product exports, which analysts predict a Trump administration will do as domestic inventories hit operational floors, those tankers vanish. Australia and New Zealand do not get outbid. Australia and New Zealand get excluded. The global market becomes a closed club, and the countries that closed their own refineries to save money discover they cannot buy their way back into the club.
the entire article here:
https://markashryock.substack.com/p/china-bought-the-world-four-months