
Archie47
2.5K posts








🚨🇦🇺 Australia is running out of fuel. 7News reports that over 160 gas stations across Victoria have completely run dry as fuel prices continue to soar.




🇷🇺🇺🇦 Ukraine striked Russia’s Ust-Luga port, one of the main export hubs for oil products & condensate in the west of the country — it's 1,000km away from Ukraine The port exported 32.9MIL metric tons of oil products in 2025. NOVATEK gas-condensate plant is on fire. *They really aim to make the situation with oil even worse




“House prices across picturesque coastal and regional Australia could be trashed under an insurance crisis, the prudential regulator has warned. A stress test of Australia's insurers has sounded the alarm on homes exposed to natural catastrophes, with the Australian Prudential Regulation Authority declaring banks are likely to stay away from houses that can no longer secure insurance. 40,000 households could lose insurance cover each year over the coming 25 years under a disaster pathway. It would likely leave nearly 1 in 4 Australian homes, or nearly 2.4 million households, with unaffordable insurance pricing, according to APRA. These homes will struggle to attract insurance, with APRA warning this would then result in a decline in banks lending on them and, as a result, a fall in prices. Banks typically require a homebuyer to secure insurance on a property when lending on it.” •••••••••••••••••• It’s bad enough the government has made housing expensive for Australians, but the cost of insurance is also a nightmare that needs to be resolved. The only way to solve this problem is to bring back a government insurance office that will eliminate the cost of reinsurance paid offshore. This will help lower the cost of insurance by up to 50%. People First Party is the only party that has restoring a National Government Insurance Office as a policy. If you would like to help us promote this policy please sign up today at vist.ly/4vwcq































