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Speaker 1: This government's running into similar problems. I reckon is just

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Speaker 1: sind us wondered on energy. They're getting too much advice,

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Speaker 1: official advice, and too many reports. The problem when you

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Speaker 1: ask the experts for advice on every thought that pops

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Speaker 1: into your head is that they tend to agree with it,

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Speaker 1: and if they don't, you tend to ignore them. And

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Speaker 1: what does that tell you about the need for the

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Speaker 1: advice in the first place. The latest case in point

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Speaker 1: is this alng terminal in Tartanaki billion bucks. They reckon

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Speaker 1: it's going to cost we'll all be paying a levy

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Speaker 1: on our power bills to fund it, though they reckon

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Speaker 1: we'll save in the long run. Big announcement at the

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Speaker 1: Beehigh Theatery yesterday and the official advice from MB and

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Speaker 1: the rest was that this is the way to go.

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Speaker 1: This will save us all on average apparently fifty bucks

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Speaker 1: a year on electricity if we're lucky. Because remember, as

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Speaker 1: with all advice, there are caveats. The caveats are depends

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Speaker 1: on this, depends on that. So we've got an announcement.

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Speaker 1: We hope for the best and this thing will be built.

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Speaker 1: Come hello, high water bar A change in government by

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Speaker 1: twenty twenty seven. When the wind don't blow and the

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Speaker 1: sun don't shine, we will import ALLNG and keep the

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Speaker 1: lights on. That's the theory. But last year we had

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Speaker 1: the Frontier Economics Report, same issue, different set of advisors.

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Speaker 1: They were an independent global consultancy crowd looking at the

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Speaker 1: wider market. What they said about aling was quite different.

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Speaker 1: They told us it would basically be a dumb idea

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Speaker 1: to build an import terminal because you've got a massive

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Speaker 1: fixed cost that you then spread over a relatively small

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Speaker 1: amount of output because you're only using this as a backup,

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Speaker 1: and you can't sell an ALNG terminal once you've finished

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Speaker 1: with it and you have no need for it anymore.

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Speaker 1: These particular advisors made the point that it's quite a

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Speaker 1: specific piece of ketters and it could well turn into

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Speaker 1: one of this country's biggest white elephant investments. Yet here

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Speaker 1: we are less than a year later, with a different

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Speaker 1: set of advice and a different plan. There's no doubt

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Speaker 1: the country needs a plan to deal with energy security.

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Speaker 1: Everyone knows that. But depending on who you ask, this

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Speaker 1: is either brilliant or batshit. For more from early edition

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Speaker 1: with Ryan Bridge, listen live to news talks at b

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Speaker 1: from five am weekdays, or follow the podcast on iHeartRadio