About this episode
Friday1st May 2026Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here. Phil is joined by veteran energy analyst Neil Atkinson to peel back the curtain on a global energy system pushed to the brink by the ongoing conflict in the Gulf. With the Strait of Hormuz effectively closed, they discuss why the market’s hope for $80 oil later this year may be a "pipeline dream" given that actual physical cargoes are already fetching upwards of $150 a barrel. The conversation dives into the structural shifts reshaping the industry—from the UAE’s seismic departure from OPEC to why major oil giants like BP and Shell are pivoting back to their "fossil fuel basics" to satisfy shareholder demand. Whether it’s the looming threat of aviation fuel shortages in Europe or Australia’s dangerously low 32-day fuel reserve, this episode is an essential guide to understanding the true, long-term cost of a prolonged geopolitical firestorm on the world economy. Hosted on Acast. See acast.com/privacy for more information.