1 00:00:00,200 --> 00:00:02,320 Speaker 1: Just go back to the oil and gas stuff that 2 00:00:02,320 --> 00:00:03,680 Speaker 1: we're talking about at the start of the show. I'm 3 00:00:03,680 --> 00:00:06,000 Speaker 1: starting to get a little nervous about whether we're ever 4 00:00:06,040 --> 00:00:08,320 Speaker 1: really going to be able to attract overseas investors back 5 00:00:08,360 --> 00:00:11,239 Speaker 1: into our oil and gas industry. When you think about it, right, 6 00:00:11,520 --> 00:00:14,720 Speaker 1: the world has known since October last year that New 7 00:00:14,800 --> 00:00:17,320 Speaker 1: Zealand was back open for business, because that is when 8 00:00:17,360 --> 00:00:19,880 Speaker 1: the coalition government won the election, and the coalition government 9 00:00:19,880 --> 00:00:21,599 Speaker 1: had made it very clear that when they got in 10 00:00:22,200 --> 00:00:23,880 Speaker 1: I think all three of the parties had made it 11 00:00:23,880 --> 00:00:25,680 Speaker 1: clear that they would reverse the oil and gas ban. 12 00:00:26,079 --> 00:00:28,240 Speaker 1: So since October the world new right. Things are going 13 00:00:28,280 --> 00:00:30,720 Speaker 1: to change in New Zealand. But from what I can tell, 14 00:00:31,480 --> 00:00:34,920 Speaker 1: no one from overseas is interested in coming to New 15 00:00:35,040 --> 00:00:37,880 Speaker 1: Zealand to do the work. And frankly, if no one's 16 00:00:37,920 --> 00:00:39,919 Speaker 1: registered an interest in nine months, I think we might 17 00:00:39,920 --> 00:00:42,360 Speaker 1: need to start getting realistic about this. It's probably over. 18 00:00:42,400 --> 00:00:44,880 Speaker 1: That ship has sailed. You can sort of tell also 19 00:00:44,920 --> 00:00:46,920 Speaker 1: by the language that Shane Jones is using that he 20 00:00:47,040 --> 00:00:49,199 Speaker 1: might know this too, because he's talking about all of 21 00:00:49,200 --> 00:00:50,800 Speaker 1: these efforts that he's making to try to make it 22 00:00:50,800 --> 00:00:53,720 Speaker 1: more appealing for investors to come back. It's talked about bonds. 23 00:00:53,760 --> 00:00:55,680 Speaker 1: Now he's talking about trying to give them really, really 24 00:00:55,720 --> 00:00:58,440 Speaker 1: long contracts. It's almost desperate stuff because I think that 25 00:00:58,520 --> 00:01:01,840 Speaker 1: he can already seeine months. No one's nibbling, and why 26 00:01:01,880 --> 00:01:04,320 Speaker 1: would they nibble. I mean Labour has already now on 27 00:01:04,520 --> 00:01:08,120 Speaker 1: multiple occasions, raised the prospect that they are open to 28 00:01:08,160 --> 00:01:11,440 Speaker 1: when they get back in nixing the projects all over again. Now, 29 00:01:11,480 --> 00:01:13,080 Speaker 1: investors around the world are going to read that right. 30 00:01:13,080 --> 00:01:14,560 Speaker 1: They're going to read that on one hand, the current 31 00:01:14,600 --> 00:01:16,520 Speaker 1: government is reversing the oil and gas band, but on 32 00:01:16,520 --> 00:01:18,400 Speaker 1: the other hand, the next government is going to just 33 00:01:18,440 --> 00:01:20,280 Speaker 1: put it back in place again. Who wants to put 34 00:01:20,319 --> 00:01:23,080 Speaker 1: billions of dollars of investment in and then have Rachel 35 00:01:23,120 --> 00:01:26,880 Speaker 1: Brooking from Labor or Michael Woods from Megan Woods from 36 00:01:26,920 --> 00:01:29,440 Speaker 1: Labour coming and ban your business all over again. I 37 00:01:29,480 --> 00:01:31,679 Speaker 1: mean what that means for us, like you know, in 38 00:01:31,720 --> 00:01:33,920 Speaker 1: the real world, let's think about that. That means for 39 00:01:34,040 --> 00:01:36,120 Speaker 1: us is that short of a miracle and short of 40 00:01:36,160 --> 00:01:38,360 Speaker 1: some overseas investor taking a punt on us, we are 41 00:01:38,400 --> 00:01:40,520 Speaker 1: probably going to have to make do with what we've got. Now, 42 00:01:40,760 --> 00:01:44,240 Speaker 1: that is not a good prospect because our gas is 43 00:01:44,319 --> 00:01:47,520 Speaker 1: running out faster than we thought it would. We are 44 00:01:47,600 --> 00:01:51,880 Speaker 1: facing lights out this winter because of a gas shortage. 45 00:01:51,920 --> 00:01:53,880 Speaker 1: We have been warned that. It seems to me, and 46 00:01:53,920 --> 00:01:55,560 Speaker 1: I'm sorry to say this because it's not great for 47 00:01:55,600 --> 00:01:57,320 Speaker 1: the environment, but it seems to me Huntley is going 48 00:01:57,360 --> 00:01:59,320 Speaker 1: to be a very busy girl burning all of that 49 00:01:59,400 --> 00:02:02,640 Speaker 1: coal for a very long time. For more from Hither 50 00:02:02,760 --> 00:02:05,720 Speaker 1: Duplessy Allen Drive, listen live to news Talks it B 51 00:02:05,920 --> 00:02:09,800 Speaker 1: from four pm weekdays, or follow the podcast on iHeartRadio.