July 20, 2026 • 12 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Monday on Newstalk ZB) Something Definitely Stinks/The Cup Peters Out
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Speaker 1 (00:09):
You're listening to a podcast from News Talk said b
follow this and our wide range of podcasts now on iHeartRadio.
Used Talk said, be you Talk.
Speaker 2 (00:24):
Hello, my beautiful beanies, and welcome to the Bean for Tuesday.
First with yesterday's news, I am Glenn Hart and we're
looking back at well Monday, and on Monday we were
looking back at the weekend for New Zealand first, where
they have got their campaign officially underway, and it's all
about drill, baby, drill, or at least find out where
(00:44):
we're supposed to drill and whether or not it's worth
drilling when we found It's all a bit complicated, isn't it.
And we will just let Marcus have a little say
on the World Cup final as well. But yeah, it's
everybody wanted to talk about women. Winston going on and
on and on yesterday.
Speaker 3 (01:05):
We don't need to convince the end We don't need
to do at this mapping. We don't need to convince
the investors that there's gas out there. We know that
there's gas out there. For example, there is gas in
the Pigasus prospect. We're talking like something like eight to
nine trillion cubic feet of gas. Which is a massive fine.
We know there's a huge amount of gas out there.
The problem for the investors is not that there's no gas.
(01:26):
The problem for the investors is that we have elections
every three years and at some point the nutty labor
and the Greens guys are going to be back in
power and they're going to shut this industry down all
over again, because they keep on saying they're going to
shut this industry down again. So really, it doesn't matter
how much oil and gas is out there, No sane
investor is going to come and spend billions of dollars
in this country building new infrastructure that will take years
(01:47):
to get up and running. If it's just going to
be shut down by the lefties before that investor actually
even manages to draw out an extra pedidule, that's the problem.
A billion dollars is not going to fix labor in
the Greens. For the record, New Zealand First are part
of this problem. They themselves are part of the problem.
Right They can paint themselves as the solution right now.
But we all remember Shane Jones was up on that
(02:08):
stage with Jasinda and James Share when they announced the ban.
He didn't stop the ban. He voted for the ban
at cabinet level. He went, yes, let's ban it. When
they said should we ban it, he said, yes, let's
ban it. Let me get up on stage and announce
that for you. So he can say now that he
supports the industry, but an investor will look at him
and go, you'll not trustworthy. A billion dollars does not
(02:31):
fix that, does it.
Speaker 2 (02:33):
Shane Jones? Yeah, we don't really surely we don't really
want Winston and Shane and they'd new famous friends. We
don't really want them actually in charge of anything, do we.
Even the people who vote for them, they don't really
want them to be in charge. They just want them
(02:55):
to keep poking and prodding and grumbling and mumbling.
Speaker 4 (03:00):
Don't we news talk ze bean me?
Speaker 2 (03:03):
Don't they not weird? I've got no time just because
of the whole all the racist stuff, and let alone
all the environmental stuff, which apparently is just we're just
not doing that anymore, are we.
Speaker 5 (03:17):
They want to be a bit more like Norway, where
per person GDP is one hundred and fifty thousand dollars
per person, one of the highest in the world. Ours
is eighty five thousand per person. The Norwegians, of course,
got a big boost from oil in the sixties and beyond.
They've got a two trillion dollar wealth fund which pays
for the stuff the Greens and labor here could only
dream of. And herein lies one of the two big
(03:38):
problems we have in this country. The first one is
not that we don't want more children out of poverty,
or a generous welfare state or universal pensions. The problem
is how you pay for them. Debt is a downward spiral,
but it's how we've been operating here since twenty nineteen.
That's the last time the books were actually balanced in
New Zealand.
Speaker 2 (03:57):
So there is.
Speaker 5 (03:57):
Logic in dragging oil and gas up out of the
ocean to pay for stuff, especially as the rest of
the world, including the US, is doing this anyway, Which
brings us to the second problem with this issue and
Winston's plans for it, and that's the opposition. Of course,
what's the point in US spending a billion bucks to
look for the oil if the next government won't let
(04:18):
anybody drill for it. The only way this makes sense
is if you get big parties to agree with each other.
We actually need this stuff. We need another feather in
our bow economically speaking. Right now, Andy Burnham apparently is
having this very debate with his top advisors, including Mike Munroe,
who worked for Disinder Adern. The British press there reporting
(04:38):
that Burnham is about to announce plans for new oil
and gas drilling in the North Sea. Remember, labor, they're bandit.
Burnham's a union guy, a worker guy, a more common
sense guy, so they say, and therefore is about to
turn the black tap back on. Chris Hipkins in New
Zealand is not that guy for the New Zealand Labor Party.
(04:59):
And until the opposition puts down its giant no sign,
then spending a billion bucks looking for oil is pretty
much throwing.
Speaker 2 (05:07):
Money down the duney. At this point, it sounds like
Ryan's not that interested in saving the environment either, But
he's also not that interested in mapping, which seems And
it's a nice round number, isn't it? A billion? It's
funny like, how have they how much attention have they
(05:28):
really paid to it? Or have they just gone, ah,
it'll be about a billion. It seems a weird coincidence
that it's just like an even billion. That'll do it?
Can we top that up. Can we get a refund
if it doesn't cost quite that much? A lot of
questions you talk sib Kerrie, She is she into it? Is? She?
(05:52):
I mean? I think we all want some gas, don't we?
We all want to be cooking with gas. I know
I do, because otherwise I'm going to have to change
for stove.
Speaker 6 (05:59):
And if we can get it relatively inexpensively and that
we turn a profit. We could probably get oil and
gas if we threw every last cent that we had
at getting it out there, would it be economic? Possibly not,
So it's got to be economic. It's got to be there.
If it is, we'll have a market. Is it worth
(06:22):
New Zealand Inc? Becoming oil prospectors? At the moment we
get around forty two percent back when we grant a license.
I don't think we should be in the business of
prospecting ourselves. Too risky, high risk, high return. That's not
what we're about. Sell the licenses, let other people, private companies,
(06:44):
put up the money and let's clip the ticket on
the way through. I'm all good with granting the licenses.
The market is still there as we evolve. Look what
happens when you turn off the tap abruptly. You've got
businesses closing their doors, manufacturing plants closing their doors, people
losing their jobs because that continuity of supply simply was
(07:06):
not their ideology trumped pragmatism. So while we evolve to
our windmill powered Valo cycles to get to work, grant
the licenses, but let's not go oil prospecting ourselves.
Speaker 2 (07:24):
Yeah, perfect anything, It's it must be really hard trying
to find guess because I don't think it smells like
Gus am I right about that. They put the smell in,
They add the smell, and obviously you can't see it.
So I don't know how you know when you've got it.
(07:45):
Seems complicated use your city anyway. I'm sure there are
people out there who know more about this than I do.
How about Chris, I think he rang into the Afternoon
Show yesterday with an opinion.
Speaker 7 (08:01):
You know, we've imported hundreds of thousands, that's not millions
or tons of it in the stockpile of Huntley is
off the pot, you know, just in case we need
to use it. So you know, if we need to
use it ourselves, I wouldn't be for you know, coal
mining to export it, but you know, we're happy to
take it from other countries and allow them to do
(08:21):
all the pollution, but we don't want to do it here.
I just don't get that.
Speaker 8 (08:25):
Chris, thank you very much for your call. I mean
it keeps coming back to, as you mentioned, that agreement,
cross party agreement, and they did it with the National
Infrastructure Strategy that fifty year that they finally got across
the line after god knows how many decades. But how
long would it take to get the Green Party, Labor
and anybody.
Speaker 4 (08:42):
Else and too, Let's say it's twenty years. Twenty years
that gives some confidence to anybody who comes and we
find a substantial, major commercial resource within our economic zone,
and you say twenty years to do what you can?
Speaker 8 (08:54):
I mean, is that feasible? I just don't see it.
Speaker 9 (08:56):
Well, the sextus says, would Labor really ban it again?
Two reasons why I don't think so. One, they will
grab any money sauce if they get into power. Two
I think it was an ardent Ideologypton's callers. She said,
I'm not sure the rest of the party truly supported it,
but new to keep quiet.
Speaker 2 (09:13):
Yes they do. It gets a bit squirrely, doesn't it.
These people who are supposed to be representing us. Sometimes
they suddenly turn out to have agendas that perhaps we
didn't know they had when we voted them in. Is
(09:34):
that right? I mean it's about half right half the time,
isn't it. That's generally how the country works. You can't
run everything by a referendum, well can you? Oh? I
don't know.
Speaker 1 (09:51):
News talk has it been?
Speaker 2 (09:53):
What I do know is that it was quite an
anti climax yesterday morning our time, the People World Cup final.
It seems like all the fun happened in that game
for third place, which isn't normally it's normally not that
much on that game, and it's a bit of it.
(10:13):
That's the one that's the non event. It sounds like
it was quite fun. Had one hundred goals scored in
that game, just the one yes yesterday.
Speaker 10 (10:22):
Though I watched some of the World Cup today. I
watched from when the guy got sent off to the
end of extra time, and then to the end of regulation,
extra time, then the extra night of thirty minutes and yeah,
I mean, goodness me, I mean, what do you say?
I don't know necessarily that there are always bad temp
of the Argentinians, but they wow, goodness, it was poor
(10:43):
form on it didn't see halftime. People were critical of that, right,
well that's that over and Spain. Goodness me, there you go.
I think they have won it. Well, every team's won
it more than once, apart from England. It's just one
of the ones. That's my take of everything. There aren't
many teams that win it, but they win it more
(11:06):
than once, so go figure.
Speaker 2 (11:11):
I quite enjoyed the halftime show, not Justin Bieber. I
don't really have it. I've got no time for Justin Bieber.
I think he's one of the most overrated. There was
one but where he wasn't so bad. I think it
was after the monkey business, like the literal monkey business,
and he sort of looked like he was getting himself
(11:32):
together and then he quickly lost the plot again. And
I think I think he's quite possibly quite a good singer,
but it just doesn't seem to have the support around
him to make it all work properly. Everything else is great,
and especially like the Muppets, the Muppet Band being at
(11:54):
the halftime that I think the Muppets should just do
everything now on all the national anthems. I heard Roman
calling somebody a muppet before on air, and he meant
it as an insult. I've never understood why calling somebody
a muppet is an inn. I think they're awesome. I
might be the lone ranger on that one. So that
(12:15):
has been news Talk zed being so a lot about
New Zealand first and gas and a little bit about muppets.
Hopefully more Muppets than gas tomorrow, but you never know.
See then you'll find out.
Speaker 1 (12:29):
Used Talking talk zied bem For more from News Talk
zed b listen live on air or online, and keep
our shows with you wherever you go with our podcasts
on iHeartRadio
You're listening to a podcast from News Talk said b
follow this and our wide range of podcasts now on iHeartRadio.
Used Talk said, be you Talk.
Speaker 2 (00:24):
Hello, my beautiful beanies, and welcome to the Bean for Tuesday.
First with yesterday's news, I am Glenn Hart and we're
looking back at well Monday, and on Monday we were
looking back at the weekend for New Zealand first, where
they have got their campaign officially underway, and it's all
about drill, baby, drill, or at least find out where
(00:44):
we're supposed to drill and whether or not it's worth
drilling when we found It's all a bit complicated, isn't it.
And we will just let Marcus have a little say
on the World Cup final as well. But yeah, it's
everybody wanted to talk about women. Winston going on and
on and on yesterday.
Speaker 3 (01:05):
We don't need to convince the end We don't need
to do at this mapping. We don't need to convince
the investors that there's gas out there. We know that
there's gas out there. For example, there is gas in
the Pigasus prospect. We're talking like something like eight to
nine trillion cubic feet of gas. Which is a massive fine.
We know there's a huge amount of gas out there.
The problem for the investors is not that there's no gas.
(01:26):
The problem for the investors is that we have elections
every three years and at some point the nutty labor
and the Greens guys are going to be back in
power and they're going to shut this industry down all
over again, because they keep on saying they're going to
shut this industry down again. So really, it doesn't matter
how much oil and gas is out there, No sane
investor is going to come and spend billions of dollars
in this country building new infrastructure that will take years
(01:47):
to get up and running. If it's just going to
be shut down by the lefties before that investor actually
even manages to draw out an extra pedidule, that's the problem.
A billion dollars is not going to fix labor in
the Greens. For the record, New Zealand First are part
of this problem. They themselves are part of the problem.
Right They can paint themselves as the solution right now.
But we all remember Shane Jones was up on that
(02:08):
stage with Jasinda and James Share when they announced the ban.
He didn't stop the ban. He voted for the ban
at cabinet level. He went, yes, let's ban it. When
they said should we ban it, he said, yes, let's
ban it. Let me get up on stage and announce
that for you. So he can say now that he
supports the industry, but an investor will look at him
and go, you'll not trustworthy. A billion dollars does not
(02:31):
fix that, does it.
Speaker 2 (02:33):
Shane Jones? Yeah, we don't really surely we don't really
want Winston and Shane and they'd new famous friends. We
don't really want them actually in charge of anything, do we.
Even the people who vote for them, they don't really
want them to be in charge. They just want them
(02:55):
to keep poking and prodding and grumbling and mumbling.
Speaker 4 (03:00):
Don't we news talk ze bean me?
Speaker 2 (03:03):
Don't they not weird? I've got no time just because
of the whole all the racist stuff, and let alone
all the environmental stuff, which apparently is just we're just
not doing that anymore, are we.
Speaker 5 (03:17):
They want to be a bit more like Norway, where
per person GDP is one hundred and fifty thousand dollars
per person, one of the highest in the world. Ours
is eighty five thousand per person. The Norwegians, of course,
got a big boost from oil in the sixties and beyond.
They've got a two trillion dollar wealth fund which pays
for the stuff the Greens and labor here could only
dream of. And herein lies one of the two big
(03:38):
problems we have in this country. The first one is
not that we don't want more children out of poverty,
or a generous welfare state or universal pensions. The problem
is how you pay for them. Debt is a downward spiral,
but it's how we've been operating here since twenty nineteen.
That's the last time the books were actually balanced in
New Zealand.
Speaker 2 (03:57):
So there is.
Speaker 5 (03:57):
Logic in dragging oil and gas up out of the
ocean to pay for stuff, especially as the rest of
the world, including the US, is doing this anyway, Which
brings us to the second problem with this issue and
Winston's plans for it, and that's the opposition. Of course,
what's the point in US spending a billion bucks to
look for the oil if the next government won't let
(04:18):
anybody drill for it. The only way this makes sense
is if you get big parties to agree with each other.
We actually need this stuff. We need another feather in
our bow economically speaking. Right now, Andy Burnham apparently is
having this very debate with his top advisors, including Mike Munroe,
who worked for Disinder Adern. The British press there reporting
(04:38):
that Burnham is about to announce plans for new oil
and gas drilling in the North Sea. Remember, labor, they're bandit.
Burnham's a union guy, a worker guy, a more common
sense guy, so they say, and therefore is about to
turn the black tap back on. Chris Hipkins in New
Zealand is not that guy for the New Zealand Labor Party.
(04:59):
And until the opposition puts down its giant no sign,
then spending a billion bucks looking for oil is pretty
much throwing.
Speaker 2 (05:07):
Money down the duney. At this point, it sounds like
Ryan's not that interested in saving the environment either, But
he's also not that interested in mapping, which seems And
it's a nice round number, isn't it? A billion? It's
funny like, how have they how much attention have they
(05:28):
really paid to it? Or have they just gone, ah,
it'll be about a billion. It seems a weird coincidence
that it's just like an even billion. That'll do it?
Can we top that up. Can we get a refund
if it doesn't cost quite that much? A lot of
questions you talk sib Kerrie, She is she into it? Is? She?
(05:52):
I mean? I think we all want some gas, don't we?
We all want to be cooking with gas. I know
I do, because otherwise I'm going to have to change
for stove.
Speaker 6 (05:59):
And if we can get it relatively inexpensively and that
we turn a profit. We could probably get oil and
gas if we threw every last cent that we had
at getting it out there, would it be economic? Possibly not,
So it's got to be economic. It's got to be there.
If it is, we'll have a market. Is it worth
(06:22):
New Zealand Inc? Becoming oil prospectors? At the moment we
get around forty two percent back when we grant a license.
I don't think we should be in the business of
prospecting ourselves. Too risky, high risk, high return. That's not
what we're about. Sell the licenses, let other people, private companies,
(06:44):
put up the money and let's clip the ticket on
the way through. I'm all good with granting the licenses.
The market is still there as we evolve. Look what
happens when you turn off the tap abruptly. You've got
businesses closing their doors, manufacturing plants closing their doors, people
losing their jobs because that continuity of supply simply was
(07:06):
not their ideology trumped pragmatism. So while we evolve to
our windmill powered Valo cycles to get to work, grant
the licenses, but let's not go oil prospecting ourselves.
Speaker 2 (07:24):
Yeah, perfect anything, It's it must be really hard trying
to find guess because I don't think it smells like
Gus am I right about that. They put the smell in,
They add the smell, and obviously you can't see it.
So I don't know how you know when you've got it.
(07:45):
Seems complicated use your city anyway. I'm sure there are
people out there who know more about this than I do.
How about Chris, I think he rang into the Afternoon
Show yesterday with an opinion.
Speaker 7 (08:01):
You know, we've imported hundreds of thousands, that's not millions
or tons of it in the stockpile of Huntley is
off the pot, you know, just in case we need
to use it. So you know, if we need to
use it ourselves, I wouldn't be for you know, coal
mining to export it, but you know, we're happy to
take it from other countries and allow them to do
(08:21):
all the pollution, but we don't want to do it here.
I just don't get that.
Speaker 8 (08:25):
Chris, thank you very much for your call. I mean
it keeps coming back to, as you mentioned, that agreement,
cross party agreement, and they did it with the National
Infrastructure Strategy that fifty year that they finally got across
the line after god knows how many decades. But how
long would it take to get the Green Party, Labor
and anybody.
Speaker 4 (08:42):
Else and too, Let's say it's twenty years. Twenty years
that gives some confidence to anybody who comes and we
find a substantial, major commercial resource within our economic zone,
and you say twenty years to do what you can?
Speaker 8 (08:54):
I mean, is that feasible? I just don't see it.
Speaker 9 (08:56):
Well, the sextus says, would Labor really ban it again?
Two reasons why I don't think so. One, they will
grab any money sauce if they get into power. Two
I think it was an ardent Ideologypton's callers. She said,
I'm not sure the rest of the party truly supported it,
but new to keep quiet.
Speaker 2 (09:13):
Yes they do. It gets a bit squirrely, doesn't it.
These people who are supposed to be representing us. Sometimes
they suddenly turn out to have agendas that perhaps we
didn't know they had when we voted them in. Is
(09:34):
that right? I mean it's about half right half the time,
isn't it. That's generally how the country works. You can't
run everything by a referendum, well can you? Oh? I
don't know.
Speaker 1 (09:51):
News talk has it been?
Speaker 2 (09:53):
What I do know is that it was quite an
anti climax yesterday morning our time, the People World Cup final.
It seems like all the fun happened in that game
for third place, which isn't normally it's normally not that
much on that game, and it's a bit of it.
(10:13):
That's the one that's the non event. It sounds like
it was quite fun. Had one hundred goals scored in
that game, just the one yes yesterday.
Speaker 10 (10:22):
Though I watched some of the World Cup today. I
watched from when the guy got sent off to the
end of extra time, and then to the end of regulation,
extra time, then the extra night of thirty minutes and yeah,
I mean, goodness me, I mean, what do you say?
I don't know necessarily that there are always bad temp
of the Argentinians, but they wow, goodness, it was poor
(10:43):
form on it didn't see halftime. People were critical of that, right,
well that's that over and Spain. Goodness me, there you go.
I think they have won it. Well, every team's won
it more than once, apart from England. It's just one
of the ones. That's my take of everything. There aren't
many teams that win it, but they win it more
(11:06):
than once, so go figure.
Speaker 2 (11:11):
I quite enjoyed the halftime show, not Justin Bieber. I
don't really have it. I've got no time for Justin Bieber.
I think he's one of the most overrated. There was
one but where he wasn't so bad. I think it
was after the monkey business, like the literal monkey business,
and he sort of looked like he was getting himself
(11:32):
together and then he quickly lost the plot again. And
I think I think he's quite possibly quite a good singer,
but it just doesn't seem to have the support around
him to make it all work properly. Everything else is great,
and especially like the Muppets, the Muppet Band being at
(11:54):
the halftime that I think the Muppets should just do
everything now on all the national anthems. I heard Roman
calling somebody a muppet before on air, and he meant
it as an insult. I've never understood why calling somebody
a muppet is an inn. I think they're awesome. I
might be the lone ranger on that one. So that
(12:15):
has been news Talk zed being so a lot about
New Zealand first and gas and a little bit about muppets.
Hopefully more Muppets than gas tomorrow, but you never know.
See then you'll find out.
Speaker 1 (12:29):
Used Talking talk zied bem For more from News Talk
zed b listen live on air or online, and keep
our shows with you wherever you go with our podcasts
on iHeartRadio
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