Latest / Early Edition with Ryan Bridge / Ryan Bridge: No queues means trust in fuel plan

Transcript

Ryan Bridge: No queues means trust in fuel plan · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: There's a lot of hand ringing this week about the
• 0:02
  Speaker 1: fuel situation, and to be fear, some of the hand
• 0:04
  Speaker 1: ringing is actually justified. If you're running an airline, it's bad.
• 0:08
  Speaker 1: If you're paying big Bucks to fill a truck with diesel,
• 0:11
  Speaker 1: four bucks a leter also bad. But we are far
• 0:16
  Speaker 1: from a fuel crisis at this point. In fact, we're
• 0:20
  Speaker 1: not really going to have a fuel crisis. We're not
• 0:23
  Speaker 1: going to have a shortage. We're going to have a
• 0:25
  Speaker 1: price problem more than anything, which is not the thing
• 0:29
  Speaker 1: as saying that one day we won't be out of
• 0:31
  Speaker 1: fuel or having to ration it before we get there.
• 0:33
  Speaker 1: That is a possibility, but we've had economists and pundits
• 0:37
  Speaker 1: come out. Pundits come out this week and hit the
• 0:39
  Speaker 1: panic button just a little bit. Oil will start to
• 0:43
  Speaker 1: flow from elsewhere. As I mentioned earlier, look at Europe,
• 0:46
  Speaker 1: they're already replacing half of what they lost. This is
• 0:49
  Speaker 1: jet fuel stockpiles from Nigeria and America and other places.
• 0:53
  Speaker 1: But these things do take time, and as we've spoken
• 0:56
  Speaker 1: about on the show many times, that ultimately means cost who.
• 1:00
  Speaker 1: Things became clear I think this week one Carnee and
• 1:03
  Speaker 1: Canada and Albanese in Australia are both on board with
• 1:07
  Speaker 1: oil drill, baby drill, more domestic production. They're looking at
• 1:11
  Speaker 1: proposals for more in Queensland. Karney is promising to build
• 1:15
  Speaker 1: roads to oil wells. In Canada, climate's taken a bit
• 1:19
  Speaker 1: of a back seat. Its needs must second thing. People
• 1:23
  Speaker 1: I think have confidence in the government's fuel response. It's
• 1:28
  Speaker 1: basically a high trust model that they are operating. Although
• 1:31
  Speaker 1: I spoke to Shane Jones yesterday he said they might
• 1:33
  Speaker 1: look at releasing more of that commercially sensitive information. But
• 1:36
  Speaker 1: it's a high trust model. They say, trust us, we
• 1:39
  Speaker 1: know what we're doing, and I think people do. And
• 1:42
  Speaker 1: if you want evidence of that, it's what you don't see,
• 1:46
  Speaker 1: not what you do see. There is no panic buying,
• 1:49
  Speaker 1: there are no jerry cans, there's no cues outside mobile
• 1:52
  Speaker 1: and the same can't be said for other countries. For
• 1:56
  Speaker 1: more from Early Edition with Ryan Bridge, listen live to
• 1:59
  Speaker 1: news Storks It be from five am weekdays, or follow
• 2:02
  Speaker 1: the podcast on iHeartRadio.