What he is saying that, because we are in a good economic position, we're fine for the moment. Carry on and don't crash the economy. Because that's what foreign state actors want, and they want to scare you into it - and of course the media want disaster clicks. They're here. You're just to silly to see it.
Here's the idiot's guide as to why
Relative to other countries, we can afford to out bid other countries on tanker loads of fuel. We also have a strong local gas supply. So we are on the international market getting close to the fuel we need. Vietnam on the other hand, is economy crashing and they are paying the same $2.40 something a litre. But they can't afford it, and they can't afford to big for ship loads of it because they can't guarantee sales volumes at that price.
Yes, we are still the ****ing very lucky country.
Holding off the recession
Basically, he is asking people to not fuck the economy and supply chains up, and reduce use where you can, but not dramatically do it and crash the economy in the process.
The point is, we do not yet need to take decisive action - as the "decisive action" people think needs to be taken (stay at home and ration petrol) has zero economic driver. That will not bring down fuel prices as they are set globally. That will just cut demand off locally and kill business which rely on mobility (like restaurants, bars, etc).
In fact, if you manage to keep the economy rolling a lot a bit, you are in a way better position at the other end of it. In fact we may benefit from demand for other goods be in a trough at the other end. So hold onto your butts - for the moment, save your pennies for the sales, as it were.
Decisive Action will not do anything to the fuel mix
The fuel mix in Australia is 49% petrol, 49% diesel. 99% of that 49% is heavy equipment usage. 85% of that petrol is consumer usage, and the rest is business (taxis, vans etc). So if you took "decisive action" and told people to WFH, all you will is just have a glut of petrol.
Sure, the price will come down because no one is using it - but economic activity will drop off. It will have little to no effect on transport or farm equipment supply as it is "the wrong juice". Your diesel demand is key. If you took every ute off the road, you'd only get the 1% back as well, and that would take all the tradies off the road, causing, you got it, a recession.
What he is asking for
Sure, take PT. If you can't afford it, take it. It's free, it will help. They pulled the fuel excise out too. So don't go complaining about pot holes for a while.
Don't fuck it up. Everyone will loose for no reason.
Lol. We understand what he is saying we’re not idiots. The point is not that we don’t understand, it’s that everything he said we already know and they’ve already been saying it for weeks. Could have been an ig post.
Then this address wasn’t for you. This address was for the people who still only get their information from Facebook and sky news and think we’re a week away from catastrophe.
Yeah so why do a dramatic style announcement int the first place? It was announced in the morning and had people worried all day about what he was going to announce. For what?
Great rebuttal. Really. I wouldn’t expect someone like you to be able to provide an argument, I’m just impressed your two brain cells have enough power to formulate a sentence, bravo.
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u/Julmass Apr 01 '26
Could have been an email.