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Speaker 1: Another Minister's Oil Group meeting in Wellington this morning. Petrol

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Speaker 1: up over three bucks a lead for some Brent crewed

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Speaker 1: up again overnight. Goldman Sachs, we've been following their forecast

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Speaker 1: that well, they've put another one out and the one

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Speaker 1: hundred and fifty dollars a barrel worst case scenario is

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Speaker 1: still a live option, though you'd have to have a

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Speaker 1: lot more disruption and ongoing. Terry Collins, AA fuel spokesperson

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Speaker 1: with us this morning. Morning, Terry every Roe. So the

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Speaker 1: Carlos days thing, we're are long, long long way off,

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Speaker 1: that aren't.

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Speaker 2: We we are. It's actually a good idea, it's a plan.

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Speaker 2: We've got a couple of things. That was Patrol and

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Speaker 2: Demand Restraint Act which allowed Carlstay's rationing books. It's very

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Speaker 2: old fashioned, but remember those days. We have things like

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Speaker 2: working from home and all the top of it that

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Speaker 2: we do today that makes us no productivity in other ways.

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Speaker 2: But we've also had a new Zealand Fuel Security Plan

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Speaker 2: which was updated last year. These are things that they

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Speaker 2: kept in the back pocket should something like this happen.

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Speaker 2: They've dusted off, they looked at and it's a plan

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Speaker 2: ready to go. We never has to be implemented. But

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Speaker 2: at least we've got a plan and we've got legislation that,

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Speaker 2: if needed, we can implement it.

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Speaker 1: Cherry, we've got a month on the land and a

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Speaker 1: month on the water and supply beyond that. Is a

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Speaker 1: supply actually being affected or are we still expecting that

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Speaker 1: we will have a flow coming in?

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Speaker 2: Look South Korea to talk about looking after the selves first,

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Speaker 2: Basically they use that eighty five percent of the product.

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Speaker 2: They were fine if there's a big reduction, so twenty percent. Globally,

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Speaker 2: they're basically saying we come first. We're a large economic country.

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Speaker 2: We need this world to continue our commerce. Unfortunately, we

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Speaker 2: get about forty eight percent of our foreign products from

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Speaker 2: South Korea, so we would need to look for different markets.

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Speaker 1: Would which markets? And also a.

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Speaker 2: Sip or Brunei, Malaysia, Indonesia we get a tiny bit

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Speaker 2: out of place like Indi in the US. But basically

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Speaker 2: we'll be in the same scramble as many other countries.

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Speaker 1: Could we be in the situation where our for your

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Speaker 1: company look at the price and go, I'm going to

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Speaker 1: sell it to someone else.

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Speaker 2: No, no, how for your companies are looking after ourselves.

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Speaker 2: We're just trading in a global environment.

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Speaker 1: Very good, Terry. Oh, by the way, the price today

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Speaker 1: and the price that's happened overnight, and that Goldman Sacks

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Speaker 1: update on the forecast, any any more thoughts on where

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Speaker 1: it might go?

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Speaker 2: This is so unpredictable. I've seen changes in available thirty

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Speaker 2: dollars over twenty four hours. I had an interview with

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Speaker 2: a journalist, a fifteen minute interview, and it changed fifteen dollars.

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Speaker 2: So how you can predict or will lend? Who knows?

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Speaker 2: I do know, though. One thing history has taught me

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Speaker 2: is America tends to underestimate how long they stay in conflicts.

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Speaker 2: So I'm very concerned when they talk about weeks when

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Speaker 2: it looks like it could be months.

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Speaker 1: Cherry all that in two minutes twenty seven from You

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Speaker 1: Appreciate It fifteen minutes, Who does those anymore? For more

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Speaker 1: from Early Edition with Ryan Bridge, listen live to News Talks.

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