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Speaker 1: Now the government setting aside sixty million dollars to explore

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Speaker 1: the potential of so called supercritical geothermal energy. Conventionally, we're

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Speaker 1: drilling about three and a half k's deep at the moment,

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Speaker 1: but scientists reckon supercritical drilling to a depth of six

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Speaker 1: ks has the potential to generate near limitless power, and

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Speaker 1: the Resources and Energy Minister Shane Jones is with us. Now,

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Speaker 1: Hey Shane, Hey, so what kind of energy is it

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Speaker 1: that you're pulling out here? What are we talking about?

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Speaker 2: Twenty percent of the current electricity we generate as traceable

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Speaker 2: back to geothermal energy from a depth of two maybe

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Speaker 2: three and a half kilometers. We want to go six

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Speaker 2: kilometers closer to the magma. Supercritical super hot, a far

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Speaker 2: more intense form of geothermal energy, with the capacity to

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Speaker 2: grow our electricity supply platform by probably another fifty percent

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Speaker 2: dive down energy prices give us greater security.

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Speaker 3: Private company is already doing this.

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Speaker 2: Private companies in New Zealand are busily gouging and profiting

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Speaker 2: excessively from industry and households. They have no interest in

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Speaker 2: massively expanding the supply of energy because it'll drive down prices.

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Speaker 2: To you and I does compromise their profits.

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Speaker 1: Okay, so you think that they would do it if

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Speaker 1: they actually had an incentive to do it, But they

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Speaker 1: just don't want to do. The reason I'm asking you

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Speaker 1: the Shane, is because if a private company isn't doing it,

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Speaker 1: I start to get a bit wary about the public

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Speaker 1: getting involved in it.

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Speaker 3: Do you know what I mean?

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Speaker 2: No, I don't what you mean.

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Speaker 1: Well, if there's if there is no reason, if a

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Speaker 1: private company looks at this thing and doesn't see that

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Speaker 1: there is a reason for them to get involved in

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Speaker 1: this right that the return on the investment outweighs it

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Speaker 1: makes sense to them. Then is it smart for us

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Speaker 1: as a government to be throwing money into it? If

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Speaker 1: it doesn't make commercial sense, why would we do it?

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Speaker 2: It's smart for a government to secure energy security. We

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Speaker 2: almost ran out of energy last winter. The price has

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Speaker 2: got to such a sky high level. We had the

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Speaker 2: highest energy prices in the world. The current gent tailors,

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Speaker 2: the major energy electricity producers, have no incentive to boost

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Speaker 2: our energy security because insecurity massively expands their profits. No government,

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Speaker 2: no politician like Shane Jones, can sit eily buy while

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Speaker 2: we suffer energy poverty and a small cost of shareholders

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Speaker 2: grossly profit.

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Speaker 3: Where in the country do you do this?

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Speaker 2: The volcanic plateau represents that this stage the best potential.

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Speaker 2: That's aleppotur popal coroone. I mean we are sitting on

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Speaker 2: a potential energy magic carpet down to that part of

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Speaker 2: the country. You are right, there are risks, but that's

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Speaker 2: what governments exist for where there's a market failure and

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Speaker 2: fail Let's be honest. The market is failing grossly in

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Speaker 2: terms of energy in New Zealand. That's why it's not

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Speaker 2: an unreasonable contribution to test as the science correct and

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Speaker 2: can the engineering be made to perform to give us

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Speaker 2: this new platform in a climate uncertain environment of fresh

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Speaker 2: green energy.

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Speaker 1: And Shane, is this something that you do on shore

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Speaker 1: or offshore?

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Speaker 2: No, the electricity that we may generate over time from

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Speaker 2: the geothermal field will be on shore. The offshore was

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Speaker 2: from the wind farms they have now gone home off

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Speaker 2: the coast of Taranaki. Of course they blamed they blamed

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Speaker 2: the offshore mining for that which there's another matter and

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Speaker 2: once again further evidence of falsehoods.

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Speaker 3: Shane, were you in parliament today for the carry on?

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Speaker 2: I sadly wasn't cargol announcing jobs, announcing investments and supporting

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Speaker 2: the aquaculture industry. My colleague Casey Costello was there, but

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Speaker 2: by all accounts it turned into a circus with the

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Speaker 2: Malti Party, in particular the young lady from Tynery. But

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Speaker 2: I'm not surprised that the Malori Party are subverting Parliament.

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Speaker 2: They're malcontents. They are there to undermine the legitimacy of

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Speaker 2: Parliament and they are using that as a basis to

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Speaker 2: recruct members from their party. The whole hikoy, which is

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Speaker 2: actually a khakoy, is designed as a clarion called to

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Speaker 2: boost the appeal of the Maori Party.

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Speaker 1: Now, Shane, what I'd like to know from you, because

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Speaker 1: you've been in Parliament a very very long time, is

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Speaker 1: what we're seeing at the moment is it's getting increasingly

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Speaker 1: weird in there and rowdy and there's a lot more misbehavior.

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Speaker 1: How do you stop this from escalating?

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Speaker 2: Well, there are provisions that Terry Brown has now once

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Speaker 2: things get completely out of control. The Parliament has inherent

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Speaker 2: powers to imprison members.

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Speaker 3: Of Parliament, well actually chuck them in jail.

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Speaker 2: At Parliament has inherent powers to put people in jail,

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Speaker 2: and the way the Maldi Party. Karen, Oh, that's a

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Speaker 2: great That seemed to me quite an appropriate response. Democratic. Well,

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Speaker 2: there lies the problem. It's an ancient doction we'll have

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Speaker 2: inherited through our parliamentary Westerners to based democracy. But with

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Speaker 2: the threatening, ugly behavior. Then the butler of mining change

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Speaker 2: and sees that as a reasonable discussion point.

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Speaker 1: And when you if parliament, if Jerry was to do

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Speaker 1: that and chuck them in jail, what are we talking

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Speaker 1: about the clink down at Wellington District Court, are down

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Speaker 1: at the local police station or is there some sort

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Speaker 1: of special jail at Parliament.

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Speaker 2: I'm not entirely sure if Stuart Island's got to jail,

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Speaker 2: but some distant destination for these malcontents wouldn't be a

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Speaker 2: bad idea, Shane.

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Speaker 1: I like that idea more than your geothermal idea, or

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Speaker 1: be honest with you, I appreciate it, Shane Showings, Resources Minister.

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Speaker 1: Which is not to say I don't like the geothermal idea,

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Speaker 1: but this idea has really tickled me.

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