Mike Hosking

So the facts do not equate to the 80 in confidence.

Now, be miserable if you want.

It's a free world, but I'm not.

And I reckon I'm better for it.

Michael, I wonder if the problem is because we look at the Brent crude price and it's not what New Zealand's actually buying.

I hope, good text, I hope that's one of the great lessons out of this whole war thing, the understanding and realisation that oil is but one component in the price of petrol at the pump.

And so don't just look.

It's the refined cost we're buying, and we're buying the future replacement cost.

That's the great learning out of the war, I think.

Mike, seeing this fuel prices and scarcity of supply never eventuated, like many of us, including yourself, predicted.

When are those who were wanting us to panic and throw cash around going to admit they were wrong?

Well, I'll never admit they were wrong, Mark.

But it's a very good point you make.

I could, if you want me to play devil's advocate, argue that it has been tough.

It is tough.

The cost of petrol is still elevated.

It is not what it was.

And therefore, Trump was a waste of time.

The whole thing was a waste of time.

But you are right.