Middle East war: New Zealand’s risky bet on ‘paper’ oil reserves as war widens – Richard Prebble

New Zealand’s reliance on 'paper' oil reserves during the Middle East conflict exposes critical vulnerabilities in fuel supply chain integrity, risking energy security and economic stability. The lack of physical reserves or transparent audit mechanisms could lead to shortages, price manipulation, or geopolitical leverage. Policymakers are urged to address structural weaknesses in reserve management to mitigate exposure.