It’s been a roller-coaster ride on the global oil market, with wild swings in petrol prices at the bowser.

The war against Iran has caused panic buying in Australia and around the world.

Meanwhile, our government has been criticised for not having greater reserves of petrol, diesel and jet fuel. And for not imposing higher taxes on giant gas companies, which are raking in a fortune thanks to the war.

Today, federal Energy Minister Chris Bowen on how Australia is prepared for the worst energy crisis in more than 50 years – and the war: Should we even be backing it?

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