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Thread: Black Monday

  1. #4221
    Outside thinking.
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    Shares with USA links could benefit from Trumps TTP turnaround......interesting times.

  2. #4222
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    Quote Originally Posted by bull.... View Post
    national dont have a plan either for nz emmission free future so scrunch will probably be right and when the gas runs out consumers will pay more from having to import
    That only assumes that there won't be a big push for electric cars. I think we will see further announcements similar to European announcements to phase out new ICE retail car purchases.

  3. #4223
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    NZ apparently imports 97% of its oil from overseas...... it was a 2011 report so it is an old report.

    http://oilshockhorrorprobe.blogspot.com/2011/06/new-zealands-oil-security-how-dependent.html
    Last edited by Ggcc; 13-04-2018 at 01:03 PM.

  4. #4224
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    Quote Originally Posted by Ggcc View Post
    NZ apparently imports 97% of its oil from overseas...... it was a 2011 report so it is an old report.

    http://oilshockhorrorprobe.blogspot....dependent.html
    Right - so not drilling for more oil won't INCREASE our carbon footprint by having to import more oil.
    It was just a lash-out reaction by some.

  5. #4225
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by dobby41 View Post
    Right - so not drilling for more oil won't INCREASE our carbon footprint by having to import more oil.
    It was just a lash-out reaction by some.
    Actually - it will. Just open the other eye and you will see that NZ is currently producing all the gas we need. Thanks to this incredibly stupid decision of an inept government will this situation (self sufficiency of gas supply) end over the next decade (when Tui runs out). Lots of liquid gas or substitutes will need to be imported. Still worse - we might need to substitute gas with coal - which will more than double our carbon footprint (for the relevant activities). Bad for the environment, bad for our economy (balance of payments) and bad for our unemployment rate. Thanks, Cindy - that's what we need!
    Last edited by BlackPeter; 13-04-2018 at 01:42 PM. Reason: added reference to coal substitution
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    "Prediction is very difficult, especially about the future" (Niels Bohr)

  6. #4226
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    Quote Originally Posted by BlackPeter View Post
    Actually - it will. Just open the other eye and you will see that NZ is currently producing all the gas we need. Thanks to this incredibly stupid decision of an inept government will this situation (self sufficiency of gas supply) end over the next decade (when Tui runs out). Lots of liquid gas or substitutes will need to be imported. Still worse - we might need to substitute gas with coal - which will more than double our carbon footprint (for the relevant activities). Bad for the environment, bad for our economy (balance of payments) and bad for our unemployment rate. Thanks, Cindy - that's what we need!
    You are presuming that there was a definite path to more gas in the next 10 years.
    That was not a given!
    Oddly coal has a lower impact to climate change than gas because Methane (gas) has much more impact in the upper atmosphere than CO2.

  7. #4227
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    Nah, coal is worse, just under double the CO2e/TJ depending on type of coal and source of gas. Compare tables 1 and 2 with table 10
    http://www.legislation.govt.nz/regul...LM2390302.html
    Last edited by haewai; 13-04-2018 at 02:07 PM.

  8. #4228
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by dobby41 View Post
    You are presuming that there was a definite path to more gas in the next 10 years.
    That was not a given!
    Oddly coal has a lower impact to climate change than gas because Methane (gas) has much more impact in the upper atmosphere than CO2.
    Just wondering - do you happen to be the scientific adviser of our lovely government? You certainly seem to be similarly clued up ... ;

    Seriously dobby, while I admire your loyalty for a lost cause - I still would propose you first get your physics right and do at least some basic research before you keep defending a brain dead decision;

    Natural gas emits 50 to 60 percent less carbon dioxide (CO2) when combusted in a new, efficient natural gas power plant compared with emissions from a typical new coal plant [1].
    https://www.reuters.com/article/aust...7FS0HG20110510


    While it is true that methane is not good if released into the atmosphere - burning it does remove all the methane related problems and releases only some (less dangerous) CO2 into the atmosphere - less than when using coal to create the same amount of energy. Burning Methane is the best we can do to remove this dangerous greenhouse gas out of the atmosphere;

    As well - the commercially available gas we would need to substitute is typically composed out of longer hydrocarbons (like Butane, Propane).

    However - I do give you that there can be problems with methane leaking from badly designed gas fields.
    https://www.ucsusa.org/clean-energy/...s#.WtAPTYhubIU
    However - wouldn't it make more sense for our government to increase the standards and produce cleaner gas by ourselves instead of relying on others to pollute the environment by producing our energy?
    Last edited by BlackPeter; 13-04-2018 at 02:40 PM. Reason: added info re methane leaks
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  9. #4229
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    Quote Originally Posted by BlackPeter View Post
    However - I do give you that there can be problems with methane leaking from badly designed gas fields.
    https://www.ucsusa.org/clean-energy/...s#.WtAPTYhubIU
    However - wouldn't it make more sense for our government to increase the standards and produce cleaner gas by ourselves instead of relying on others to pollute the environment by producing our energy?
    Then the Govt would be stifling a critical industry with regulation.
    I can see the headlines now

  10. #4230
    ShareTrader Legend bull....'s Avatar
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    methane producing cows are the biggest greenhouse omitters , so if they dont hurry up and plant those trees the govt will never meet there targets , the oil and gas is a smokescreen lol
    one step ahead of the herd

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