Think the oil shock is bad in the US? Look here
Summary
This episode examines how the global oil crisis, triggered by Middle East conflicts and Strait of Hormuz closures, impacts three distinct nations. New Zealand faces severe supply shortages and high prices while resisting government intervention. Zimbabwe struggles with soaring fuel costs that strain its low-income population and economy. Conversely, China remains resilient due to strategic reserves, energy diversification, and discounted imports from sanctioned countries.
Topics discussed
Intro: Global oil crisis impact on NZ, Zimbabwe, China
Sponsors: IXL, Fisher Investments, Schwab
New Zealand: Vulnerability, low reserves, and policy
Zimbabwe: Soaring prices and economic strain
China: Strategic reserves and energy diversity
Summary of three nations' responses
The Indicator newsletter launch and credits
Promo: We Keep Us Safe podcast
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