Slugcatcher watches oil head towards an all-time high in Australia

OIL is up, and rising, and so is the US dollar, which Slugcatcher reckons is especially good news for oil and gas producers outside the US thanks to the commodity-price increase being magnified by the currency effect.

Slugcatcher watches oil head towards an all-time high in Australia Slugcatcher watches oil head towards an all-time high in Australia Slugcatcher watches oil head towards an all-time high in Australia Slugcatcher watches oil head towards an all-time high in Australia Slugcatcher watches oil head towards an all-time high in Australia

Expect more intervention as costs go up for everything and an election looms 

But, what's good for the oil industry is ringing alarm bells for governments because of the impact oil and gas have on costs at every level of the manufacturing process and household power bills.