The Mike Hosking Breakfast

Mike's Minute: Marsden Point's shutdown meant this fuel situation was inevitable

07 Dec 2022

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I am told the concern over aviation fuel isn't going to ruin your holiday. In other words, the planes won’t run out of gas. But the inevitable issue of getting a bit of dodgy fuel was always going to unfold, wasn’t it? Those of us that questioned the closure of Marsden Point are being proven right already, not that that is any great victory. I know nothing about fuel, apart from the fact that if you make the stuff locally it stands to reason that you have more control over its production and supply and quality. The moment you shut up shop and contract the business out, you are at the mercy of those who may or may not be interested in serving you well. How they didn’t work that out, I don’t know. Well I do know. It's all about the bottom line and they thought they could get away with it. It is why the Government announced the other day the forced increase in the amount of fuel that has to be held in reserve. One of the oil companies wanted it to include fuel on the water, not just physically here. Fortunately, they were outvoted. They reassured us at the time Marsden Point got closed that it was a massive non-event, there was plenty of oil and plenty of ships and us doing any of this ourselves was us essentially wasting our own time. Until, of course, that turned out to be bollocks. Once a bad shipment arrives, then what? Well, the “then” is what is playing out right now. You rely on reserves and the reserves will probably be fine. So Christmas isn't off. But it reminds me of that mad pipe puncture leading into the 2017 election. Remember that? Everyone got shocked that there was this single pipe pumping all the fuel to Auckland Airport and some digger driver could cripple aviation. Jacinda Ardern promised to build a second pipe, which you'll be well aware has gone as well as her promise on light rail being finished by last year in Auckland. The more you do yourself, the more you control, the more flexibility you have. It's a buffer, it’s a safe guard, it's common sense. It seems these days we ration that. A bit like jet fuel.See omnystudio.com/listener for privacy information.

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The Mike Hosking Breakfast

Mike's Minute: Marsden Point's shutdown meant this fuel situation was inevitable

This episode hasn't been transcribed yet

Other episodes from The Mike Hosking Breakfast

Heather du Plessis-Allan: Despite the issues, the World Cup will be a global success

Richard Arnold: US Correspondent on the US calling off strikes on Iran, Trump's claim of a deal

Wrapping the Week with Kerre Woodham and Tim Wilson: Uber Eats, Ben Stokes, FIFA World Cup

Paul Spain: Gorilla Technology CEO on Visa integrating its payment network into ChatGPT so AI agents can shop for people

Steve Lancaster: NZ Rugby CEO on the Super Rugby Pacific semi-finals

Full Show Podcast: 12 June 2026

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