In this clip James Lorimer explains where South Africa’s crude and refined oil comes from and is produced. He then explains the effect on the price of oil because of the Iran war. He finishes by explaining the dramatic economic consequences of the fuel price shock that South Africa is set to endure.
Common Sense Conversations | James Lorimer
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Is that the reason that they cited for cutting their losses, expropriation without compensation or or are you taking liberty to be disingenuous and introduce your own unfounded opinion under the guise of it being the actual reason that the cited? Some of you people are extremely dishonest human beings will lie just to prove a point a whole adult it’s very puerile.
Nothing coming from Hormous , sorry.
Thank you for this info…
Just to add my thoughts… When a chain is broken/delayed, it takes weeks/months to restore…the ripple effect is only felt later…when chaos errupts…
Mmh, iam sorry, but we must have confidence in our Goverment that we have 40 days of reserves…and, that we will always have oil imported on its way…
How does India proses oil if they dont get any themselves because of the strait being closed…
Nonsense
The Greens continue to prevent SA from becoming fuel independent either coastal or fracking in the Karoo. A whole country suffers.
Very important discussion to understand situation.Thank you gents.
Do we have domestically owned tankers
That is why you shouldn’t just rely on one energy resource. If we had a proper functional Eskom and Transnet. You can use electro-diesel trains to do bulk transport like cargo from the harbour, coal to the power stations and delivering ore to places like Mittal.
You should see the amount of trucks at the Cape Town harbour when they need to load. The place was never developed for so many trucks. No wonder it is one the worst in the world. I am sure all these inefficiencies drives up the cost of transport.