Originally Posted by
workingdad
Maui wont last that long without more holes being drilled or without ongoing investment into the platforms which who in their right mind would do knowing its not going to be able to tap more holes in future? It's gas producing not oil so rather short sighted of the government to stop all offshore drilling when gas is a good alternative that will need to come from elsewhere, I wonder how expensive it will become to heat our house with gas central heating in 10 years? Companies wont come to NZ to drill while the current permits lapse either, why would they invest in a country that has made it clear they are not supported? The effects of this decision are far greater reaching downstream than anyone really understands and ultimately will impact on every NZ family using gas for hot water and heating, BBQ's and of course the need for the government to make up the half billion dollar fiscal hole left behind even before considering compounding effects of support industry..... sad day for NZ
The industry that supports oil and gas is huge and not just the big companies that will shut up shop, engineering, labour supply, training and many others will suffer and the hardest hit will be Taranaki but the economy as a whole will suffer more than just the 500 million paid in royalties and tax......