There's a geopolitical overlay that's going to look similar to oil.

It's almost as though the hurricanes didn't happen, from a storage standpoint. It makes me quiver to say that.

This kind of figure is bound to generate negative headlines for New Zealand. Higher oil prices also suggest the deficit could widen further.

The oil is in the ground waiting to be exploited. But how do we get access to what is left? At the end of the day the drill bit has to hit the ground.

This is a gift to gas station operators and to oil companies.

The current perception is that there is enough crude and heating oil around, thus the slide in prices.