Alan Kohler

Maybe they'll just give up the nuclear weapons because they've got leverage over the Strait of Hormuz.

Yeah.

And in the meantime, the Australian government is moving on having a domestic gas reservation policy, 20%.

Yeah.

Which obviously the gas companies like Santos are dead against.

And where do you think that's going to go?

Do you think the gas companies will succeed in their lobbying attempts or they'll just have to put up with it?

Yeah, I think one of the things that came out of the presentation that they made to the investor there was really kind of to remind us that when we're talking about fossil fuels being replaced by renewable energy, that's kind of true, except that within fossil fuels, there isn't one fossil fuel, right?

So what's been happening is that gas is replacing coal.

It isn't just solar and wind that's replacing coal, it's gas.

And so that is a significant underlying demand point for gas, which is going to be maintained and it can't be really replaced.

Yeah.

Not for a long time.

So I think that was really interesting.

And as you say, I put that graph on the ABC News last night showing that

the shortage of LNG, according to Santos, opening up in 10 years' time, roughly.

No, indeed.

That's right.

What else is going on?

Is anyone – are they talking in the mining industry in Perth, are they talking about AI at all?