Episode Details

Australia faces severe economic turmoil due to the Iran oil shock, with growth halved, inflation surging, and unemployment rising. Oil prices have skyrocketed, and the crisis may persist for years. The government must act swiftly: cut fuel use, streamline trucking rules, and harmonize state laws. Decarbonization could mitigate damage, saving billions and jobs. Avoid short-term political fixes that benefit oil producers.

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