Apparently we have 10 years of current known gas reserves left. What happens after that? 7,000 local jobs in Taranaki gone. $000m's in royalties gone. Absolutely zero change to global CO2 emissions.
The effects in Taranaki will be felt immediately as oil companies change their long term plans. Industries like Ballance who plan major overhauls of their urea plant at Kapuni may also reconsider their plan.
This decision came far too quickly with absolutely no strategic plan in place to adjust NZ to a life with only imported oil & gas.
Claiming the Government have provided Taranaki with $5M for a cathedral revamp and $20m to upgrade DOC mountain tracks is a pathetic drop in the bucket for what will actually be required.
It is worse than that it will increase. The Fonterra plant at Whareroa is a large natural gas user. The most logical alternative for them is coal.
Boop boop de do
Marilyn
Roughly 1/4 of gas goes to electricity generation. How are those Electric Vehicles going to get charged up?
Roughly 1/3 goes to NZ industry who employ hard working Kiwi's. Throw in a $20 minimum Wage or Living Wage and its good bye to a lot of local employment.
About 4% goes to voters homes for cooking and heating. Well they will be out of luck as hydro gets diverted to EV's.
I ask the question. If an ordinary employee in the gas sector in Taranaki earns over $100k per annum in a low skilled job, how on earth are they going to find something that pays anywhere near that amount with no skills.
Apparently we have 10 years of current known gas reserves left. What happens after that? 7,000 local jobs in Taranaki gone. $000m's in royalties gone. Absolutely zero change to global CO2 emissions.
Not an issue for the current government - they will be out before that and just intend to blame National for the rising unemployment Labour created ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
I ask the question. If an ordinary employee in the gas sector in Taranaki earns over $100k per annum in a low skilled job, how on earth are they going to find something that pays anywhere near that amount with no skills.
No problem - Cindy will increase the minimum wage to $48 per hour. If she manages to devalue the NZD at the same time by 60%, we might even internationally survive. Problem solved ... and just think about all the additional taxes she will get from this wage hike. Win-win.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
The term "our nuclear moment" seems to be spot on. Just as we were content to shelter under someone else's nuclear umbrella, so we are now happy to continue to run our economy on someone else's energy. I wonder how long it's going to be before we're able to harness the power of the sun - or the wind! - in order to continue our love affair with aeroplanes?
Apparently we have 10 years of current known gas reserves left. What happens after that? 7,000 local jobs in Taranaki gone. $000m's in royalties gone. Absolutely zero change to global CO2 emissions.
Meanwhile in 2017 New Zealand oil imports hit an all time high:
“Oil imports reached their highest level on record,
up 5.4% or 3.2 million barrels, driven by a 41% increase in
diesel imports.”
"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
Meanwhile in 2017 New Zealand oil imports hit an all time high:
“Oil imports reached their highest level on record,
up 5.4% or 3.2 million barrels, driven by a 41% increase in
diesel imports.”
CO2 emitted by burning 1 Btu of diesel = 161 pounds. Co2 emitted by burning 1 btu of natural gas = 117 pounds. Good one Labour - kill off a few more polar bears why don't you.
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