The ongoing conflict in the Middle East has sparked concerns about global oil shortages, domestic rising petrol and diesel costs, and it's got experts speculating.

The Government is working to find a solution, with Energy Minister Simon Watts meeting with his counterparts in Tokyo for the Indo-Pacific Energy Security Forum to discuss the issue.

Nathan Surendran is the chair of the Wise Response Society, and he says the conflict is causing oil refineries all over the world to slow down production. 

"There is the National Fuel Plan - the Government has, effectively, a staged incremental rationing type process...it should signal that rationing is a potential possibility, because signalling it gives people time to adjust mentally." 

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The ongoing conflict in the Middle East has sparked concerns about global oil shortages, domestic rising petrol and diesel costs, and it's got experts speculating.
The Government is working to find a solution, with Energy Minister Simon Watts meeting with his counterparts in Tokyo for the Indo-Pacific Energy Security Forum to discuss the issue.
Nathan Surendran is the chair of the Wise Response Society, and he says the conflict is causing oil refineries all over the world to slow down production.&nbsp;
"There is the National Fuel Plan - the Government has, effectively, a staged incremental rationing type process...it should signal that rationing is a potential possibility, because signalling it gives people time to adjust mentally."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Nathan Surendran: Wise Response Society chair on what the Middle East crisis will do to fuel supply

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a20385e4-8b82-4dc9-b862-b40d016ca9cc/transcript