1 00:00:02,600 --> 00:00:04,880 Speaker 1: My name is Lily Maddon and I'm a proud Arunda 2 00:00:05,120 --> 00:00:09,920 Speaker 1: Bunjelung Calcuttin woman from Gadighl Country. The Daily oz acknowledges 3 00:00:10,000 --> 00:00:12,159 Speaker 1: that this podcast is recorded on the lands of the 4 00:00:12,200 --> 00:00:15,760 Speaker 1: Gadighl people and pays respect to all Aboriginal and Torres 5 00:00:15,760 --> 00:00:18,680 Speaker 1: Strait Island and nations. We pay our respects to the 6 00:00:18,680 --> 00:00:21,480 Speaker 1: first peoples of these countries, both past and present. 7 00:00:27,240 --> 00:00:30,680 Speaker 2: Hello, how's your summer going? Are you on a road trip, 8 00:00:30,720 --> 00:00:33,880 Speaker 2: are you recovering from a big party in the sun, 9 00:00:34,000 --> 00:00:36,839 Speaker 2: or are you just taking a quiet walk, whatever the 10 00:00:36,880 --> 00:00:40,559 Speaker 2: case is, You are listening to a special summer series 11 00:00:40,840 --> 00:00:43,880 Speaker 2: of the TDA Podcast. Now, the whole idea here is 12 00:00:43,920 --> 00:00:45,720 Speaker 2: that every day we're going to throw back to a 13 00:00:45,760 --> 00:00:49,360 Speaker 2: different episode from last year. We've sat down and chosen 14 00:00:49,440 --> 00:00:52,520 Speaker 2: some of the most listens to stories of twenty twenty two, 15 00:00:52,720 --> 00:00:54,560 Speaker 2: but we've also thrown in some of the stories that 16 00:00:54,960 --> 00:00:57,480 Speaker 2: may have gotten left behind in the news cycle and 17 00:00:58,000 --> 00:01:05,280 Speaker 2: we think they wann't a bit of an update. Why 18 00:01:05,440 --> 00:01:08,360 Speaker 2: your energy bill is going up? This was one of 19 00:01:08,400 --> 00:01:11,040 Speaker 2: our most listens to episodes of last year, and I 20 00:01:11,040 --> 00:01:13,880 Speaker 2: think that says a lot just in itself. It was 21 00:01:14,000 --> 00:01:16,960 Speaker 2: a damn expensive year, and we put out this episode 22 00:01:17,000 --> 00:01:19,679 Speaker 2: in early June, around the time that some states were 23 00:01:19,720 --> 00:01:23,520 Speaker 2: seriously contemplating the risk of blackouts due to power shortages. 24 00:01:24,040 --> 00:01:27,360 Speaker 2: The southeast of the country was also experiencing a particularly 25 00:01:27,520 --> 00:01:30,600 Speaker 2: shivering start to winter. I think that now we've been 26 00:01:30,640 --> 00:01:34,160 Speaker 2: living with this issue for a while, it's really interesting 27 00:01:34,200 --> 00:01:36,800 Speaker 2: to go back to where things started as a reminder 28 00:01:36,840 --> 00:01:39,600 Speaker 2: of why our energy bills are higher as we head 29 00:01:39,640 --> 00:01:42,520 Speaker 2: into twenty twenty three. 30 00:01:43,120 --> 00:01:46,480 Speaker 3: For today's deep Dive, I am joined by TDA journalist 31 00:01:46,480 --> 00:01:49,120 Speaker 3: Tom Crowley and Tom, what are we talking about today? 32 00:01:49,360 --> 00:01:50,240 Speaker 4: Talking about gas? 33 00:01:50,360 --> 00:01:50,640 Speaker 2: Zara. 34 00:01:50,640 --> 00:01:54,320 Speaker 4: It's been a rather dramatic week in the Australian gas market, 35 00:01:54,360 --> 00:01:56,000 Speaker 4: and we're going to have a look at the problem 36 00:01:56,000 --> 00:01:58,440 Speaker 4: that's been unfolding and what we might be able to 37 00:01:58,440 --> 00:01:58,960 Speaker 4: do about it. 38 00:01:59,120 --> 00:02:02,920 Speaker 3: Okay, So people that aren't across what's happening, because it 39 00:02:02,960 --> 00:02:05,360 Speaker 3: can seem like this stuff kind of exists at a 40 00:02:05,440 --> 00:02:07,600 Speaker 3: policy level and takes a bit of time to trickle 41 00:02:07,640 --> 00:02:11,040 Speaker 3: down to the everyday person. Can you just explain what 42 00:02:11,120 --> 00:02:13,720 Speaker 3: the problem is in very simple terms. 43 00:02:14,240 --> 00:02:17,320 Speaker 4: I can so gas, which we use in many houses 44 00:02:17,320 --> 00:02:19,760 Speaker 4: at least for stoves and for hot water and which 45 00:02:19,760 --> 00:02:22,520 Speaker 4: a lot of businesses use for a range of different purposes. 46 00:02:23,040 --> 00:02:26,720 Speaker 4: Is quite expensive at the moment, particularly in Victoria. So 47 00:02:26,840 --> 00:02:29,440 Speaker 4: this is kind of like the eye catching headline numbers, 48 00:02:29,480 --> 00:02:31,919 Speaker 4: so as people who pay their own gas bills will 49 00:02:31,960 --> 00:02:34,400 Speaker 4: be familiar with the price of gas for sort of 50 00:02:34,400 --> 00:02:37,440 Speaker 4: a normal household usage, may you say, like a gigajewel, 51 00:02:37,480 --> 00:02:40,000 Speaker 4: which is about what a household would use in two weeks. 52 00:02:40,440 --> 00:02:44,480 Speaker 4: That's normally about ten dollars. Last Tuesday in Victoria that 53 00:02:44,520 --> 00:02:47,639 Speaker 4: went up to eight hundred dollars, which is obviously a 54 00:02:47,639 --> 00:02:50,760 Speaker 4: fairly significant jump. Now that didn't actually end up kind 55 00:02:50,760 --> 00:02:53,079 Speaker 4: of materializing. That's the price that they call it the 56 00:02:53,120 --> 00:02:56,480 Speaker 4: shadow price. That's what would have happened if the Australian 57 00:02:56,639 --> 00:03:00,560 Speaker 4: Energy Regulator, the government sort of regulator of the end market, 58 00:03:00,639 --> 00:03:03,200 Speaker 4: hadn't stepped in and capped it at forty dollars. So 59 00:03:03,200 --> 00:03:05,640 Speaker 4: that's much less dramatic than eight hundred, but it's still 60 00:03:05,880 --> 00:03:08,320 Speaker 4: quite large. It's four times higher than it normally is 61 00:03:08,639 --> 00:03:12,400 Speaker 4: particularly expensive, especially for businesses who use a lot of gas. 62 00:03:12,680 --> 00:03:15,320 Speaker 4: For most sort of individuals using heaters in their homes, 63 00:03:15,560 --> 00:03:17,760 Speaker 4: it probably won't have sort of flowed through to you 64 00:03:17,880 --> 00:03:20,760 Speaker 4: quite so immediately, I guess, like you say, Zara, that 65 00:03:20,800 --> 00:03:22,200 Speaker 4: there is a little bit of a delay in the 66 00:03:22,240 --> 00:03:25,120 Speaker 4: way these things filter through. Most people are on fixed 67 00:03:25,160 --> 00:03:27,160 Speaker 4: contracts when it comes to their gas bills, so you 68 00:03:27,160 --> 00:03:29,840 Speaker 4: wouldn't actually have experienced this spike unless you are on 69 00:03:29,960 --> 00:03:33,320 Speaker 4: a variable contract in the last week or so. But 70 00:03:33,600 --> 00:03:35,800 Speaker 4: it's still, you know, pretty significant. And I think what 71 00:03:35,960 --> 00:03:38,360 Speaker 4: is maybe the most interesting thing about this problem is 72 00:03:38,360 --> 00:03:40,240 Speaker 4: that it's a bit of a sign of things to come. 73 00:03:40,640 --> 00:03:43,160 Speaker 4: We know that in general, power prices are expected to 74 00:03:43,200 --> 00:03:45,840 Speaker 4: increase over the coming months, and we think for a 75 00:03:45,920 --> 00:03:47,920 Speaker 4: number of reasons that we're going to start getting more 76 00:03:48,000 --> 00:03:49,240 Speaker 4: problems like this. 77 00:03:50,160 --> 00:03:52,360 Speaker 3: Okay, so talk me through what it is that is 78 00:03:52,400 --> 00:03:56,480 Speaker 3: actually causing prices to spike, because we've heard the government 79 00:03:56,520 --> 00:03:58,080 Speaker 3: say a fair bit about it. I mean, we've had 80 00:03:58,120 --> 00:04:01,120 Speaker 3: an election, so there's been a changing government. What is 81 00:04:01,440 --> 00:04:04,800 Speaker 3: a the actual origin of this problem, and be what 82 00:04:04,880 --> 00:04:07,880 Speaker 3: can the government actually do to kind of stifle these 83 00:04:07,960 --> 00:04:08,720 Speaker 3: rising prices. 84 00:04:09,280 --> 00:04:11,120 Speaker 4: Yeah, so let me start with the cause, because there 85 00:04:11,120 --> 00:04:13,840 Speaker 4: are a few of them. Firstly, there's a global problem, right, 86 00:04:13,880 --> 00:04:16,000 Speaker 4: and the global problem comes back to as so many 87 00:04:16,040 --> 00:04:18,280 Speaker 4: global problems at the moment, do to the situation in 88 00:04:18,360 --> 00:04:22,080 Speaker 4: Russia and Ukraine. Russia is a significant provider of gas 89 00:04:22,160 --> 00:04:23,640 Speaker 4: to a lot of parts of the world and in 90 00:04:23,680 --> 00:04:27,000 Speaker 4: particular to Europe, and so sanctions where you know European 91 00:04:27,080 --> 00:04:29,080 Speaker 4: kind of allies of Ukraine are trying to buy less 92 00:04:29,160 --> 00:04:31,360 Speaker 4: Russian gas. That's meant that they're trying to buy that 93 00:04:31,360 --> 00:04:34,640 Speaker 4: gas elsewhere, including from Australia, which exports from Queensland in 94 00:04:34,680 --> 00:04:37,840 Speaker 4: particular a large amount of gas, and it means basically 95 00:04:37,880 --> 00:04:39,960 Speaker 4: around the world that the remaining gas has become a 96 00:04:40,000 --> 00:04:42,599 Speaker 4: lot more valuable, and so that's pushing the price up. 97 00:04:42,960 --> 00:04:45,040 Speaker 4: And it's also meaning that you know, Australian exports, they're 98 00:04:45,040 --> 00:04:47,279 Speaker 4: getting a lot of money for selling their gas overseas, 99 00:04:47,360 --> 00:04:50,640 Speaker 4: and so that's sort of Australia has historically had a 100 00:04:50,640 --> 00:04:52,240 Speaker 4: lot of gas and that's one of the reasons why 101 00:04:52,240 --> 00:04:54,800 Speaker 4: Australia tends to export gas to the rest of the world. 102 00:04:55,120 --> 00:04:58,240 Speaker 4: So that's creating some problems both with price and supply 103 00:04:58,480 --> 00:05:01,560 Speaker 4: at home. To that fact, the fact that we're actually 104 00:05:01,560 --> 00:05:04,160 Speaker 4: starting to kind of run out of our local reserves 105 00:05:04,200 --> 00:05:07,680 Speaker 4: of gas here in Australia, particularly in Victoria. Victoria's estate 106 00:05:07,720 --> 00:05:10,760 Speaker 4: that's always had a lot of gas reserves. But despite 107 00:05:10,880 --> 00:05:12,839 Speaker 4: kind of warnings that we're starting to run low on 108 00:05:12,880 --> 00:05:15,120 Speaker 4: that over the last kind of decades, very little has 109 00:05:15,120 --> 00:05:18,200 Speaker 4: been done to either shift our reliance off gas or 110 00:05:18,240 --> 00:05:20,400 Speaker 4: to kind of change you know, the amount that we exported. 111 00:05:20,560 --> 00:05:23,680 Speaker 4: So that's another part of the problem. Then you add 112 00:05:23,680 --> 00:05:26,279 Speaker 4: into the problem that we're actually asking gas to do 113 00:05:26,400 --> 00:05:28,440 Speaker 4: a lot in our energy market at the moment. I 114 00:05:28,480 --> 00:05:31,000 Speaker 4: mentioned before. We use it for our stoves, and we 115 00:05:31,160 --> 00:05:33,440 Speaker 4: use it for hot water, but gas is also a 116 00:05:33,480 --> 00:05:35,960 Speaker 4: backup source for all kinds of electricity, even you know, 117 00:05:36,040 --> 00:05:38,640 Speaker 4: kind of switching lights on. It gets used in the 118 00:05:38,720 --> 00:05:42,360 Speaker 4: national electricity market as a backup when the other sources 119 00:05:42,400 --> 00:05:45,600 Speaker 4: of electricity don't work, for example, coal and coal's been 120 00:05:45,640 --> 00:05:48,480 Speaker 4: having a very bad year, sort of aging ailing coal 121 00:05:48,480 --> 00:05:52,200 Speaker 4: infrastructure that's been offline for several months of this year. 122 00:05:52,600 --> 00:05:54,800 Speaker 4: Has basically led to kind of a situation where I 123 00:05:54,839 --> 00:05:56,640 Speaker 4: think it's about a quarter of coal plants that have 124 00:05:56,640 --> 00:05:59,719 Speaker 4: been offline pretty much all year. That means we're needing 125 00:05:59,760 --> 00:06:02,200 Speaker 4: a lot war gas. So they're sort of a whole 126 00:06:02,200 --> 00:06:04,240 Speaker 4: bunch of problems. But then why did it all explode 127 00:06:04,320 --> 00:06:06,800 Speaker 4: last week? Well, anyone who lives in the southeast of 128 00:06:06,800 --> 00:06:09,919 Speaker 4: Australia will know that it was quite cold last week, 129 00:06:10,120 --> 00:06:12,280 Speaker 4: particularly cold where I live in Melbourne, and then that 130 00:06:12,360 --> 00:06:14,279 Speaker 4: led to a whole bunch of extra demand for heating, 131 00:06:14,320 --> 00:06:17,599 Speaker 4: including gas heating, and that just sort of, I guess, 132 00:06:17,600 --> 00:06:19,839 Speaker 4: sort of pushed over the edge into this little mini 133 00:06:19,960 --> 00:06:24,640 Speaker 4: unfolding crisis in particularly Victoria, but all across the East Coast. 134 00:06:25,120 --> 00:06:28,159 Speaker 3: Okay, I mean, I'm sitting in Sydney and I'm shivering, 135 00:06:28,240 --> 00:06:31,360 Speaker 3: which is not a usual experience here, and certainly we're 136 00:06:31,400 --> 00:06:33,560 Speaker 3: at the start of winter, so I can't see that 137 00:06:33,720 --> 00:06:36,719 Speaker 3: easing up at all. What is the response to this? 138 00:06:36,839 --> 00:06:39,479 Speaker 3: What do you do to stop these rising prices? If 139 00:06:39,520 --> 00:06:40,279 Speaker 3: you're the government? 140 00:06:40,640 --> 00:06:42,760 Speaker 4: So the good news is sort of described a little 141 00:06:42,760 --> 00:06:45,960 Speaker 4: bit as a perfect storm last week. That's not good 142 00:06:46,000 --> 00:06:48,520 Speaker 4: news obviously, but it does seem to be passing, and 143 00:06:48,560 --> 00:06:52,640 Speaker 4: the situation at least the energy market operator says, you know, 144 00:06:52,760 --> 00:06:54,720 Speaker 4: this sort of seems to be easing at least this 145 00:06:55,120 --> 00:06:59,080 Speaker 4: particular spike. I mentioned earlier that the regulator can cap 146 00:06:59,120 --> 00:07:01,880 Speaker 4: the prices. The thing that it can do is kind 147 00:07:01,880 --> 00:07:04,520 Speaker 4: of take extra measures to make sure that all of 148 00:07:04,560 --> 00:07:07,800 Speaker 4: the supply that can possibly be used in the national 149 00:07:08,080 --> 00:07:10,680 Speaker 4: electricity market of gas, all of it is being used, 150 00:07:10,720 --> 00:07:14,000 Speaker 4: and so there's sort of some provision for the energy 151 00:07:14,000 --> 00:07:16,680 Speaker 4: market operator to say that some of the gas that 152 00:07:16,760 --> 00:07:20,080 Speaker 4: might otherwise go to export gets pumped in. Basically, it 153 00:07:20,080 --> 00:07:22,080 Speaker 4: comes through a big I was talking to some experts 154 00:07:22,080 --> 00:07:23,560 Speaker 4: about this week and they were explaining to me in 155 00:07:23,560 --> 00:07:26,440 Speaker 4: great detail how all these pipes work. There's basically a 156 00:07:26,440 --> 00:07:29,360 Speaker 4: pipe that takes the gas from Queensland to the rest 157 00:07:29,360 --> 00:07:31,640 Speaker 4: of the energy market, and the operator can make sure 158 00:07:31,640 --> 00:07:34,040 Speaker 4: that as much gas is going through that pipeline as possible. 159 00:07:34,280 --> 00:07:37,080 Speaker 4: That's been done. Once that's been done, there's kind of 160 00:07:37,080 --> 00:07:39,760 Speaker 4: not much else. So there's sort of been some calls 161 00:07:40,160 --> 00:07:44,160 Speaker 4: for the government to use some additional special powers. The 162 00:07:44,240 --> 00:07:47,800 Speaker 4: Turmbook government gave them in twenty seventeen was essentially kind 163 00:07:47,800 --> 00:07:52,160 Speaker 4: of demand that gas stops being exported. That's oversimplifying it, 164 00:07:52,200 --> 00:07:54,440 Speaker 4: but that's roughly what it does. But the government's pointed 165 00:07:54,440 --> 00:07:56,960 Speaker 4: out that, I mean, a there's sort of some sort 166 00:07:57,000 --> 00:08:00,640 Speaker 4: of risk in canceling contracts like that for gas that's 167 00:08:00,640 --> 00:08:03,080 Speaker 4: already been there to export. We are putting as much 168 00:08:03,120 --> 00:08:06,920 Speaker 4: gas through that pipeline as possible already, and see that 169 00:08:06,960 --> 00:08:08,720 Speaker 4: there's a bit of a delay in that trigger that 170 00:08:08,720 --> 00:08:10,280 Speaker 4: it would take about six months to work. And so 171 00:08:10,320 --> 00:08:11,800 Speaker 4: the government so far has been saying they're not going 172 00:08:11,840 --> 00:08:15,040 Speaker 4: to take any knee jerk steps and recognizing that there 173 00:08:15,040 --> 00:08:17,560 Speaker 4: are no short term problems and I guess putting the 174 00:08:17,560 --> 00:08:19,600 Speaker 4: focus on maybe what will come to next, which is 175 00:08:19,600 --> 00:08:21,640 Speaker 4: what you can do about this in the longer term, 176 00:08:22,120 --> 00:08:24,760 Speaker 4: which is to reduce our reliance on gas. 177 00:08:25,080 --> 00:08:28,040 Speaker 3: You read my mind. I remember during COVID that one 178 00:08:28,080 --> 00:08:30,320 Speaker 3: of the sentiments of the government was that it was 179 00:08:30,360 --> 00:08:33,160 Speaker 3: going to be a gas fired recovery and that the 180 00:08:33,200 --> 00:08:36,839 Speaker 3: recovery of the economy would really rely on gas. So A, 181 00:08:37,040 --> 00:08:39,680 Speaker 3: has there been a shift from the last government to 182 00:08:39,720 --> 00:08:41,960 Speaker 3: this government and how they think about gas? And b 183 00:08:42,559 --> 00:08:47,440 Speaker 3: this government took more ambitious emissions targets to the last election. 184 00:08:47,559 --> 00:08:49,960 Speaker 3: How does that play into the role of gas in 185 00:08:50,000 --> 00:08:51,240 Speaker 3: our energy market today? 186 00:08:51,880 --> 00:08:55,240 Speaker 4: Yeah, that gas led recovery language that you mentioned that 187 00:08:55,280 --> 00:08:58,680 Speaker 4: the government spoke about during the pandemic was a strange 188 00:08:58,679 --> 00:09:01,280 Speaker 4: one in the context of of this situation where we 189 00:09:01,320 --> 00:09:03,880 Speaker 4: know that we are running down at our reserves of gas. 190 00:09:03,920 --> 00:09:06,320 Speaker 4: And it's certainly true that the gas we export is 191 00:09:06,360 --> 00:09:08,720 Speaker 4: giving Australia a lot of money. But we do know 192 00:09:08,840 --> 00:09:10,440 Speaker 4: that at some point, I mean, because of the climate 193 00:09:10,559 --> 00:09:13,719 Speaker 4: change implications of the gas that we use for a 194 00:09:13,800 --> 00:09:15,520 Speaker 4: number of other reasons, what we're going to have to 195 00:09:15,840 --> 00:09:19,080 Speaker 4: reduce our reliance on gas at some point, and that 196 00:09:19,160 --> 00:09:21,400 Speaker 4: the general consensus is that the answer to that is 197 00:09:21,400 --> 00:09:24,440 Speaker 4: a lot more renewable energy. That renewable energy with the 198 00:09:24,559 --> 00:09:28,720 Speaker 4: right transmission and storage capacity is a lot more reliable 199 00:09:29,400 --> 00:09:32,199 Speaker 4: our coal infrastructure currently is, which is obviously contributing to 200 00:09:32,240 --> 00:09:34,720 Speaker 4: part of the problem, and to our gas reserves which 201 00:09:34,720 --> 00:09:37,040 Speaker 4: we're starting to bind down and which also have that 202 00:09:37,360 --> 00:09:40,040 Speaker 4: emissions impact. And so we know that for not only 203 00:09:40,080 --> 00:09:43,680 Speaker 4: climate change reasons, but for reliability reasons, an increased embrace 204 00:09:43,720 --> 00:09:46,200 Speaker 4: of renewables, and that's the take up that's been quite 205 00:09:46,240 --> 00:09:48,920 Speaker 4: slow due to kind of inactivity by both the federal 206 00:09:48,920 --> 00:09:51,120 Speaker 4: government and state governments over a long period of time. 207 00:09:51,400 --> 00:09:54,439 Speaker 4: The general consensus among experts is that no Australian governments 208 00:09:54,440 --> 00:09:57,480 Speaker 4: have really been taking this issue and the urgency of 209 00:09:57,520 --> 00:10:01,199 Speaker 4: the transition or preparing to transition away from gas and 210 00:10:01,280 --> 00:10:05,160 Speaker 4: coal and towards renewables seriously enough. And so that is 211 00:10:05,200 --> 00:10:07,560 Speaker 4: starting to happen, but it can't happen quickly. There are 212 00:10:07,559 --> 00:10:10,079 Speaker 4: a lot of quite significant changes, and the sense that 213 00:10:10,120 --> 00:10:12,160 Speaker 4: I got from speaking to experts this week is that 214 00:10:12,920 --> 00:10:14,680 Speaker 4: one of the reasons it's not an easy fix is 215 00:10:14,720 --> 00:10:16,800 Speaker 4: that the changes you've got to make to the energy 216 00:10:16,840 --> 00:10:19,560 Speaker 4: grid to prepare us for renewables to be able to 217 00:10:19,600 --> 00:10:21,959 Speaker 4: take on a bigger and bigger load, which again is 218 00:10:22,000 --> 00:10:23,720 Speaker 4: sort of to do with how can you kind of 219 00:10:23,760 --> 00:10:26,320 Speaker 4: store renewable powerful when the sun's not shining and all 220 00:10:26,360 --> 00:10:28,520 Speaker 4: that sort of thing that's going to take a long time, 221 00:10:28,679 --> 00:10:30,679 Speaker 4: and that in general Australia is kind of ten to 222 00:10:30,760 --> 00:10:34,120 Speaker 4: fifteen years behind where it should be in preparing for this. 223 00:10:34,520 --> 00:10:36,920 Speaker 4: So beginning to think about that challenge and how we 224 00:10:37,000 --> 00:10:39,800 Speaker 4: can i suppose, accelerate that transition is a really important 225 00:10:39,840 --> 00:10:40,720 Speaker 4: challenge for the government. 226 00:10:51,800 --> 00:10:54,560 Speaker 2: Thanks for listening to this episode of our special TDA 227 00:10:54,800 --> 00:10:57,400 Speaker 2: Summer series. We'll be back to normal programming on the 228 00:10:57,440 --> 00:11:00,920 Speaker 2: sixteenth of January, but if you want some more breaking 229 00:11:00,960 --> 00:11:03,640 Speaker 2: news in the meantime, open your phone and find us 230 00:11:03,720 --> 00:11:06,719 Speaker 2: on Instagram. It's currently where over four hundred and ten 231 00:11:07,200 --> 00:11:10,720 Speaker 2: thousand Australians get their news, and we are on even 232 00:11:10,720 --> 00:11:12,840 Speaker 2: though you're on holiday.