Original article by Colin Packham
The Australian – Page: 17 : 6-May-26

Santos CEO Kevin Gallagher has cautioned against further federal government intervention in response to the Iran war-induced energy crisis. He has told the Macquarie Australia Conference that it would be an "act of self-harm" to impose an additional tax burden on the oil and gas industry, arguing that the sector already contributes via royalties and the petroleum resource rent tax. Gallagher also warned that supply disruptions and elevated risk across global energy markets will persist for some time; he noted that the "unprecedented" release of strategic petroleum reserves globally will result in ongoing volatility as governments rebuild their stockpiles.

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