1 00:00:00,240 --> 00:00:02,880 Speaker 1: Energy security is shaping up to be the hottest item 2 00:00:02,920 --> 00:00:05,120 Speaker 1: on this year's election agenda. I reckon, and there's a 3 00:00:05,120 --> 00:00:08,360 Speaker 1: good reason for that too. Ask any business right now 4 00:00:08,480 --> 00:00:11,000 Speaker 1: who is about to renew or trying to renew an 5 00:00:11,119 --> 00:00:14,800 Speaker 1: energy contract. Ask any transport business who's battling the price 6 00:00:14,840 --> 00:00:18,880 Speaker 1: of diesel, or any factory or mill thinking about considering 7 00:00:18,920 --> 00:00:21,400 Speaker 1: mass layoffs as they are in Kai Tai right now 8 00:00:21,640 --> 00:00:25,000 Speaker 1: and shutting up shop in Hawk's Bay. The CEOs there 9 00:00:25,000 --> 00:00:27,920 Speaker 1: have got together. They are organizing an energy summit in June. 10 00:00:28,040 --> 00:00:32,360 Speaker 1: Their business leaders voted energy their number one concern. And 11 00:00:32,400 --> 00:00:35,879 Speaker 1: when business says something like this, you listen. Bombing in 12 00:00:35,880 --> 00:00:38,920 Speaker 1: the Middle East might be on paus Barbee route, but 13 00:00:39,040 --> 00:00:42,159 Speaker 1: the energy price battle is far from one, and it's 14 00:00:42,240 --> 00:00:44,839 Speaker 1: time for our politicians, I think, to put their swords 15 00:00:44,840 --> 00:00:49,160 Speaker 1: down and just agree Kumbaia on a long term energy 16 00:00:49,159 --> 00:00:52,120 Speaker 1: strategy that addresses the new world and the new reality 17 00:00:52,120 --> 00:00:55,840 Speaker 1: that we're living in. Post ceasefire. Oil is still more 18 00:00:55,840 --> 00:00:58,400 Speaker 1: than thirty percent more expensive than it was before the war, 19 00:00:58,520 --> 00:01:01,840 Speaker 1: gas forty percent higher. There's a piece in the Economist 20 00:01:02,040 --> 00:01:04,520 Speaker 1: well worth the read that sets out the problem quite well. 21 00:01:04,600 --> 00:01:08,240 Speaker 1: The infrastructure's being damaged in the golf takes time to repair. 22 00:01:08,800 --> 00:01:12,280 Speaker 1: When the tankers start moving, the insurance premiums will cost 23 00:01:12,280 --> 00:01:14,240 Speaker 1: an arm in a leg. That's before ships take the 24 00:01:14,319 --> 00:01:16,880 Speaker 1: risk of actually sailing back in the opposite direction back 25 00:01:16,920 --> 00:01:20,399 Speaker 1: into the golf again. While this shaky ceasefire is still 26 00:01:20,440 --> 00:01:24,360 Speaker 1: in play, we've now all learnt the hard way that 27 00:01:24,480 --> 00:01:26,759 Speaker 1: it takes just a few drones and a few terrorists 28 00:01:26,760 --> 00:01:30,600 Speaker 1: with some speedboats to choke supply. Not all the supply. 29 00:01:31,000 --> 00:01:35,160 Speaker 1: Sure oil will find a way from other regions overland 30 00:01:35,200 --> 00:01:38,360 Speaker 1: by pipes, but all this takes time and costs money. 31 00:01:39,040 --> 00:01:41,320 Speaker 1: I had Chloe Swarbrick and David Seymour on my show 32 00:01:41,400 --> 00:01:45,160 Speaker 1: yesterday and they both disagreed, unsurprisingly with each other over 33 00:01:45,360 --> 00:01:48,280 Speaker 1: what mix of energy solutions that we need to keep 34 00:01:48,280 --> 00:01:51,200 Speaker 1: the trucks, the factories and the businesses moving. But the 35 00:01:51,240 --> 00:01:55,200 Speaker 1: fact is they both had some valid points and all parties, 36 00:01:55,240 --> 00:01:58,160 Speaker 1: I think ought to compromise and agree on an energy 37 00:01:58,200 --> 00:02:01,880 Speaker 1: plan that we can all well, whether it's l MNG 38 00:02:02,600 --> 00:02:05,520 Speaker 1: and the government's under an art about that, whether it's 39 00:02:05,600 --> 00:02:10,239 Speaker 1: overbuilding renewables, as Sir Rodery has argued, more drill, baby drill. 40 00:02:10,639 --> 00:02:14,040 Speaker 1: Uncle Shane tanks at Marsden Point, coal for Huntley, or 41 00:02:14,080 --> 00:02:17,960 Speaker 1: a combination of all of the above. Political consensus is 42 00:02:18,000 --> 00:02:21,880 Speaker 1: the missing ingredient to ensure that nz Inc can keep 43 00:02:21,919 --> 00:02:25,320 Speaker 1: the bloody lights on. For more from Early Edition with 44 00:02:25,440 --> 00:02:28,440 Speaker 1: Ryan Bridge, listen live to News Talk Set B from 45 00:02:28,520 --> 00:02:32,040 Speaker 1: five am weekdays, or follow the podcast on iHeartRadio.