Did we stop worrying about the oil price too soon?

Angela Macdonald-Smith and Ryan Cropp on the reasons we all stopped freaking out about the oil price and why that was premature. This podcast is sponsored by Westpac Further reading: Labor’s plans to source more fuel leaves shipments stranded at sea The government has been accused of picking winners for its subsidised import plan, which has created a glut and forced vessels to wait offshore for months. Ampol rakes it in on refining, trebling first-half profits Bumper first-half gross profits have been driven by soaring returns on turning crude oil into petrol and diesel during the conflict in the Middle East. Oil refiners chase sweeter support deal despite surging profits Ampol and Viva Energy are pushing for a major overhaul of subsidies to keep their refineries running for longer, even as their own earnings are soaring. See omnystudio.com/listener for privacy information.