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Thread: Black Monday

  1. #4201
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by kiora View Post
    Ouch!
    Inflation & higher interest rates coming?
    Yes really going to hurt high household debt nations with Govt that love to increase living costs with increasing taxes
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  2. #4202
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    And with today's announcement to ban further offshore oil and gas exploration (which will actually make global greenhouse gas emissions worse), the rise in oil prices comes at a time when we now face a future were NZ will become even more dependent on overseas producers for our energy needs.

  3. #4203
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by traineeinvestor View Post
    And with today's announcement to ban further offshore oil and gas exploration (which will actually make global greenhouse gas emissions worse), the rise in oil prices comes at a time when we now face a future were NZ will become even more dependent on overseas producers for our energy needs.
    the govt will lose 100s millions in royalities and taranaki will become like tamaranui i reckon , the port will die sad day for taranaki people when they lose such a big employer
    one step ahead of the herd

  4. #4204
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    Yep we still need that Taranaki gas !Its running out

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    Quote Originally Posted by traineeinvestor View Post
    (which will actually make global greenhouse gas emissions worse),
    Why?? ?

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    Quote Originally Posted by dobby41 View Post
    Why?? ?
    The oil and gas we would otherwise produce for domestic consumption will have to be shipped to NZ - shipping is one of the world's biggest polluters: https://qz.com/1064658/the-shipping-...ts-dirty-fuel/

    There's also the question of where the imports will come from - a lot of oil/gas producing countries have much less rigorous environmental standards than we do.

  7. #4207
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by traineeinvestor View Post
    The oil and gas we would otherwise produce for domestic consumption will have to be shipped to NZ - shipping is one of the world's biggest polluters: https://qz.com/1064658/the-shipping-...ts-dirty-fuel/

    There's also the question of where the imports will come from - a lot of oil/gas producing countries have much less rigorous environmental standards than we do.
    agree , the only way not to import is to be energy self sufficient , dont know if the govt has a plan for that?
    one step ahead of the herd

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    Quote Originally Posted by bull.... View Post
    agree , the only way not to import is to be energy self sufficient , dont know if the govt has a plan for that?
    harness all the methane coming out of the government offices ....

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    Quote Originally Posted by traineeinvestor View Post
    The oil and gas we would otherwise produce for domestic consumption will have to be shipped to NZ - shipping is one of the world's biggest polluters: https://qz.com/1064658/the-shipping-...ts-dirty-fuel/

    There's also the question of where the imports will come from - a lot of oil/gas producing countries have much less rigorous environmental standards than we do.
    My understanding was that our crude is exported and other crude is imported for Marsden Point - something to do with Marsden Point not being able to process our crude.

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    Quote Originally Posted by traineeinvestor View Post
    harness all the methane coming out of the government offices ....
    There's a fair bit on here also.

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