web analytics

MoT reveals massive budget shortfall from peak oil

Written By: - Date published: 7:33 am, February 4th, 2012 - 36 comments
Categories: energy, transport - Tags: ,

Almost missed among all the blacked out paragraphs of the Transport Briefing to the Incoming Minister are 2 interesting graphs. While not explicitly mentioning peak oil, the graph of the National Land Transport Fund shows a massive shortfall in revenue in a ‘high oil price, low growth’ scenario. The other shows how low-quality National’s highway spending is.

Now, the ‘high oil price’ in the scenario is not actually a high price – it’s $173 a barrel (in 2010 dollars) in 2030. That’s a 100% increase in 19 years. For comparison, there’s been a 187% above-inflation increase in the last decade and 300% increase in the last two decades.

And the ‘low growth’ is 1% below Treasury’s long-term assumption of 2%. Again, average growth of 1% is hardly outlandish: the average in the last decade was 1.5% and in the last five years growth has averaged 0.5%.

A 100% increase in oil price and growth only cut by 1% per annum is an optimistic outlook in the peak oil future. As the world’s available supply of oil diminishes and more and more of it is tied up by domestic consumption in producer countries and local-term supply contracts to China, the price will rise much more rapidly than that – all that will constrain them is demand destruction in the form of successive recessions and anemic recoveries (we’re already in this cycle, in case you haven’t noticed).

So, this is the Ministry of Transport’s ‘weak peak oil’ projection. And look at what it does to the revenue coming into the NLTF:

That’s a $15 billion shortfall by 2030, over 20% of the projected spending on transport in that period. The annual shortfall will be more than $1.5 billion by 2030.

And this, remember, is a weak peak oil scenario.

The smart money would be in using the resources we have left to build a less oil dependent (and to an extent than means less transport dependent) economy. Unfortunately, we’re using the money to build highways to nowhere instead. Here’s another graph from the MoT BIM showing the Benefit:Cost ratios of the government’s state highway spending:Still think those ‘Roads of National Significance’ are money well spent?

36 comments on “MoT reveals massive budget shortfall from peak oil”

  1. james 111 1

    Another week, yet another peak oil prediction from James H ! yawn yawn yawn

    • lprent 1.1

      What prediction? Did you read the post?

      Evidentially not…

      • Colonial Viper 1.1.1

        evidently james 111 thinks that drowning is a yawn. Right up until minute 3 1/2.

        • Bored 1.1.1.1

          We will take gratuitous pleasure watching James fall off his bike as he comes to the sealed end of a road to nowhere. Better get some practice in on the velocoped Jimmy because techno narcism or not you wont be driving in 20 years.

          • james111 1.1.1.1.1

            Bored intresting comment road to nowhere. Electric cars go on roads, Your cart and donkey can go on a road. Your Solar powered bike could go on a road. Peak oil has been reached really. They are finding copious quantities of oil all the time.

            Russia is extracting Oil from 40000 feet below the surface. Having worked on Oil rigs off North West Shelf , Taranaki ,and Great South Basin I kno there are huge amounts of oil still around that havent even been touched because it was to deep for production platforms.

            You and your ilk will protest every time they try to drill because it proves your theory wrong.
            Remember Global Warming yes thats right the world was warming up at an alarming rate.

            Then the climate activists found it was actually going in to a cooling phase,and couldnt explain it away despite trying to destroy evidence ,and eamails by corruption all well documented.

            Now we have to call it Climate change because the name covers a multitude of sins gives them something to hide behind whilst they still get their research funding. Its all a big game Bored ,and you are one of those being played just like James H

            • Colonial Viper 1.1.1.1.1.1

              Russia is extracting Oil from 40000 feet below the surface. Having worked on Oil rigs off North West Shelf , Taranaki ,and Great South Basin I kno there are huge amounts of oil still around that havent even been touched because it was to deep for production platforms.

              You’re quite right. The world will never run out of oil.

              Just oil that we can afford. At $3/L petrol, millions (probably tens of millions) of car kilometres are going to disappear off NZ roads annually.

              And look what Greece is facing today – petrol prices which hav doubled in just three years. Over 5% of Greece GDP is now spent importing oil (much of it from Iran), and of course that is 5% less GDP which can be put into debt repayments and social services.

              http://www.zerohedge.com/news/europe-celebrates-its-latest-recession-record-high-gas-prices

            • Lanthanide 1.1.1.1.1.2

              Do some reading, educate yourself, james:
              http://physics.ucsd.edu/do-the-math/2011/11/peak-oil-perspective/

              Of course I don’t expect you’ll actually make the effort.

              • james111

                Lanthanide thanks I have read it in regards to the sarcasm I probably read a bit to much for you ,and just dont believe what I am being spoon fed by activists. The telling comment is the one below, and I quote ” Since 1946 For every 3 tonnes of oil we are consuming we are finding 5 tonnes hmmmmm interesting.

                If hydrocarbons are renewable-
                then is “Peak Oil” a fraud?

                by Joel Bainerman 31 Aug, 2005

                The question is critical due to the enormous amount of coverage the issue of “Peak Oil” is receiving from the mainstream press. If the supply of hydrocarbons is renewable- then the contrary to the conventional wisdom being touted throughout the mainstream press today- the world is NOT running out of oil.

                Professor Emmanuil Chekaliuk told the conference on Petroleum and Petroleum Geology in Moscow that:

                “Statistical thermodynamic analysis has established clearly that hydrocarbon molecules which comprise petroleum require very high pressures for their spontaneous formation, comparable to that required for diamond…

                To suggest that hydrocarbon molecules spontaneously evolve in the regimes of temperature and pressure characterized by the near-surface of the Earth, which are the regimes of methane creation and hydrocarbon destruction, does not even deserve consideration.”

                Contrarily, the statistics of the international petroleum industry establish that, far from diminishing, the net known recoverable reserves of petroleum have been growing steadily for the past fifty years. Those statistics show that, for every year since about 1946, the international petroleum industry has discovered at least five new tons of recoverable oil for every three which have been consumed….

                As Professor P. Odell of the London School of Economics has put it, instead of “running out of oil,” the human race by every measure seems to be “running into oil”…. Continues

                posted by FintanDunne

                • Colonial Viper

                  Those statistics show that, for every year since about 1946, the international petroleum industry has discovered at least five new tons of recoverable oil for every three which have been consumed….

                  Misleading. But lets humour you for a moment longer.

                  Recoverable oil is not the same as ‘proven reserves’.

                  Currently the world consumes approx 84Mbb/d. In a 30 day month that’s 2.5B barrels consumed.

                  Your bullshit quote claims that 5 new recoverable barrels of oil have been discovered for every 3 which have been consumed. In other words, that 4.2B bb/m of new oil is being discovered on a monthly basis. Where, haha?

                  • RedLogix

                    I think you’ll find that the fly in the ointment is the date 1946. I can’t be arsed googling it right now but from memory the great bulk of oil discoveries were made in the immediate post-WW2 era up until about the mid-60’s.

                    New discoveries peaked some 30-40 years before consumption did.

                    So while the statement itself may be true it’s hugely misleading because it doesn’t tell you anything useful. If you used a later date …like 1980 for example… you’d get a completely different answer.

                • Draco T Bastard

                  Since 1946 For every 3 tonnes of oil we are consuming we are finding 5 tonnes hmmmmm interesting.

                  No, it’s not interesting, it’s pure delusion. Oil discoveries peaked in the 1960s and have been declining ever since. For the last decade we’ve been using about 4 times more than what we discover.

            • Draco T Bastard 1.1.1.1.1.3

              You’re the one being played james111. You actually believe the bullshit that you’ve been told despite the fact that it’s been proven to be bullshit. I’ll take just one of the lies that you spouted:

              Then the climate activists found it was actually going in to a cooling phase,and couldnt explain it away despite trying to destroy evidence ,and eamails by corruption all well documented.

              See, all of the shit that came out of Climategate was lies as the reports that vindicated them shows.

              Eight committees investigated the allegations and published reports, finding no evidence of fraud or scientific misconduct.[14] The scientific consensus that global warming is occurring as a result of human activity remained unchanged by the end of the investigations.

              The fact that you’re still spreading these lies as if they’re gospel proves that you’re just not worth listening to because you’re a fuckwit.

    • wtl 1.2

      Ahhh! So you still think most of the biomass of the planet was in the form or large animals, like dinosaurs? And obviously this proves that everyone else is wrong and you are one of the few people who knows where oil REALLY comes from?

    • I don’t know what is worse about james 3, his obnoxious trolling or his stupidity.  

      • McFlock 1.3.1

        I find his comment “I probably read a bit to much for you ,and just dont believe what I am being spoon fed by activists” endearing. The way he immediately follows it with a cut&paste job. Not only does he obviously expect us to believe what he is actively spoonfeeding, he didn’t even remove the “posted by FintanDunne” line – he’s cut&pasting a cut&paste and expecting people to believe that he sn’t a victim of activist spoonfeeding. As it is he looks like postmodern satire of tory morons, the Borat or Ali G of NZ blogs.
          
        He could have at least googled the original article (the author seems to tick the majors “nutbar” boxes. Eager to lecture, won’t just tell you what governments and academics want you to hear, yadda yadda).
         

    • Draco T Bastard 1.4

      Peak Oil was predicted for 50 years and then it happened as predicted thus it’s no longer a prediction. And, no, that perfectly flat blue line after the peak isn’t going to happen. The fact that it’s perfectly flat should tell even you that it’s the IEA grasping at straws.

  2. muzza 2

    “Unfortunately, we’re using the money to build highways to nowhere instead.”

    Big Oil – big corruption, big proaganda, big revenues to protect, and even bigger lies to protect them with!

    • Colonial Viper 2.1

      The cliff is right ahead of our civilisation. And the incentives, mindset, and bias built into our current system of crony capitalistic society says to us “…just push the pedal down a bit harder”.

      • muzza 2.1.1

        Agreed, and one could debate hard that its being done on purpose!

        Change is not possible when lies are the standard MO!

  3. Colonial Viper 3

    Japan experiences first trade deficit in 31 years, driven by peak aging and Fukushima pushing up the economic costs of imported fuel use.

    http://www.telegraph.co.uk/finance/economics/9036792/Ageing-Japan-faces-chronic-trade-deficit-after-Fukushima.html

    For those of you who understand that Japan’s massive budget deficit and massive public debt has been funded for the last 20 years by its (now historical) trade surpluses, and that Japan’s aging population now means that fewer Japanese are going to be lending the Japanese Government more money, but will in fact be taking money out of the Japanese Government by cashing in their government bonds to pay for their retirement (cash that the Japanese Government does not have as they already spend 49% of their tax income servicing existing debt. Put another way, if the average cost of Japanese borrowing doubles from 1% p.a. to 2% p.a., Japan’s entire government tax take will be wiped out), you’ll realise that we are well and truly in the end game.

    James: I believe that the title of your piece could just as well been

    “MoT reveals massive budget shortfall post peak oil”

  4. Spam 4

    Big Oil – big corruption, big proaganda, big revenues to protect, and even bigger lies to protect them with!
    When you say “big oil”. to whom are you referring?

    • Bored 4.1

      I suspect the big oil companies, auto companie setc etc…my take is that the “corruption” is systemic rather than deliberate i.e we are all implicated because we live within the model of modern fuel use and wont do anything about it. Who really wants to give up the car, the air con, the IPod etc etc? Who really wants to be told the party is over?

  5. DH 5

    “Still think those ‘Roads of National Significance’ are money well spent?”

    I thought Labour missed a good opportunity to hit back at National over these roading projects. Fiscally they don’t make much sense, the economic returns from new roads take a very long time to eventuate and we’re running an operating deficit. They’re certainly nice to have but the country also can’t afford them at the moment. They will make no contribution to bringing us back into surplus, wrong time frame for that, so why have they persisted with these large capital projects when the borrowing to fund them sends us further into debt?

    • Draco T Bastard 5.1

      Because borrowing to fund them sends us further into debt making it easier to turn us all into serfs. NAct do have a plan it’s just not one that has the benefit of NZ at its heart.

      • Bored 5.1.1

        I have had no doubt that for years that financial and corporate interests have distorted the economy to their own interests and that this is reflected in the infrastructural manner in which we operate.

        I would hazard that “happy motoring”, and in particular trucking loads for overnight delivery etc will be a thing of the past by 2025. We will be using more rail and shipping and will become more localised. The real point of the article was to challenge the projections and consequent spending: the tragedy is that we can and should build trains and ships here, powered by hydro and wind energy.

        My vision would be less cash leaving NZ via oil imports, trains and boats manufactured locally by state owned entites and private sector contractors, all local. Profits and jobs kept here in NZ…..heresy I know for which the great Invisible Hand will forever damn me.

        • Colonial Viper 5.1.1.1

          I would hazard that “happy motoring”, and in particular trucking loads for overnight delivery etc will be a thing of the past by 2025.

          What you have to look at are volumes; stuff will still move on the roads but it will end up being smaller and smaller volumes of higher and higher priority goods. Everything else can go snail mail.

          Coastal shipping and rail will make a come back, if that infrastructure survives this Tory bullshit.

        • james111 5.1.1.2

          Bored I had no idea that well know Climate Activists like Dr Mann would try and stop the real truth coming out that showed he lied. Yet people like you and millions of others still believe this discredited liar.

          Dr. Michael Mann, lead author of the discredited “hockey stick” graph that was once hailed by the UN Intergovernmental Panel on Climate Change as the “smoking gun” of the catastrophic man-made global warming theory, has asked to intervene in American Tradition Institute’s Freedom of Information Act lawsuit that seeks certain records produced by Mann and others while he was at the University of Virginia, for the purpose of keeping them hidden from the taxpayer.

          Specifically over the weekend ATI’s Environmental Law Center received service from two Pennsylvania attorneys who seek the court’s permission to argue for Dr. Mann to intervene in ATI’s case. The attorneys also filed a motion to stay production of documents still withheld by UVA, which are to be provided to ATI’s lawyers in roughly two weeks under a protective order that UVA voluntarily agreed to in May. Dr. Mann’s lawyers also desire a hearing in mid-September, in an effort to further delay UVA’s scheduled production of records under the order.

          Dr. Mann’s argument, distilled, is that the court must bend the rules to allow him to block implementation of a transparency law, so as to shield his sensibilities from offense once the taxpayer – on whose dime he subsists – sees the methods he employed to advance the global warming theory and related policies. ATI’s Environmental Law Center is not sympathetic.

          “Dr. Mann’s late-hour tactics offer the spectacle of someone who relies on the media’s repeats of his untrue claims of having been ‘investigated’ and ‘exonerated’ – that is, when he’s not sputtering ad hominem and conspiracy theories to change the subject,” said Christopher Horner, director of litigation for ATI’s Environmental Law Center. “Mann has tried whatever means possible to ensure he remains free of any serious scrutiny, and this just appears to be his last gasp.”

          [Dr Mann’s hockey stick has been re-affirmed by about a dozen other studies since. The rest is unattributed drivel that you’ve copied from somewhere but without a link. Care to supply one? …RL]

          • mickysavage 5.1.1.2.1

            Dear Crosby Textor

            Can you send someone better than James 3?  He is not able to argue coherently and keeps cutting and pasting from obscure texts and thinking that it wins the arguments.  The trouble is he does not understanding what he is pasting.

        • DH 5.1.1.3

          “I have had no doubt that for years that financial and corporate interests have distorted the economy to their own interests and that this is reflected in the infrastructural manner in which we operate.”

          I often try to convince myself otherwise but you’re probably right, we’re just not in any position to prove it. This lot here are a good example, they’re a well funded lobby group. Check out the members list;

          http://www.nzcid.org.nz

          Ostensibly a bunch of concerned Kiwi businesses who want better infrastructure because it will make us all wealthier. All motivated by love of queen & country of course. In reality a rogues gallery of those who want the contracts or clip the ticket on these big projects.

          Founder was Jim McClay when he was boss of MacQuarie NZ. MacQuaries are an Aus investment bank with no economic, social or patriotic interest in NZ. They are, however, one of the worlds largest investors in PPPs. They don’t even use any NZ infrastructure, they only want to own or control it & collect monopoly rents from it, so why would they fund & set up NZCID? People might recall McClay as our PMs ‘mentor’, among other things.

  6. Bored 6

    Talking “roading” Shonkey Jonkey WHERE is our cycleway????????????????

  7. Georgecom 7

    Two (obvious) things struck me after reading this post.

    One, the ‘low hanging fruit’ motor way improvements appear to have finished. We are now into the incremental improvement projects. The big bang for the bucks roading projects are finished.

    Two, future forecasts in the price of oil seems somewhat naive. Recent price spikes, that have occurred despite the absence of seismic geo-political events that dramatically cut the supply of oil, seem to have been overlooked as a predictor of what is happening with the long run price of oil.

  8. RedLogix 8

    Another really interesting pie-chart is found on page 8 of this MoT report. It’s a breakdown of Share of total logistics costs by cost component.

    Have a look. It turns out that the component called “Port Costs” are a mere 6.3% of the total. Given that labour costs are about 33% of total port cost that makes them about 2% of the total.

    And given PoAL’s stated desire to slash this labour content cost by 20% .. this amounts to about about a 0.4% potential reduction in the total cost of importing or exporting goods.

  9. johnm 9

    Now we are past Peak Oil and due to slide down the slope of supply decline:

    Toward An Economy Of Earth
    By Guy R. McPherson
    Refer link: http://www.countercurrents.org/mcpherson030212.htm
    “The industrial economy is destroying every aspect of the living planet. And, as it turns out, we need a living planet for our own survival.

    The world’s industrial economy mainlines ready supplies of inexpensive crude oil. The lifeblood of western civilization, cheap oil infuses our daily lives. Petroleum products transport us easily and conveniently, thus allowing for exchange of materials and ideas. Without inexpensive crude oil to deliver water, food, and building materials, the world’s industrial economy declines.

    There is little doubt that future spikes in the price of oil will prove sufficient to terminate the industrial economy, taking us on a one-way trip to the post-industrial Stone Age.
    Already, expensive oil is overwhelming the ability of central banks and central governments to provide the illusion of economic growth by printing fiat currency. As nearly occurred in 2008 in the wake of oil priced at $147.27 per barrel, western civilization faces an abrupt termination in the face of expensive crude oil.”

    Guy McPherson is pretty well unique. Most of us are selfish money grubbers looking after number one but this man gave up a hugely profitable academic post to live in a sort of voluntary poverty which he believes once this fossil fuel age is over all of us still alive will have to live.

  10. BLiP 10

    Looks like we might need that 3000km, concrete paved, Kaitaia-to-Bluff cycle way after all. How’s it coming along, John, still got your officials working “actively and aggressively” on that one?

Recent Comments

Recent Posts

  • Backbencher Matt’s Bill is a Doocey
    The latest National Member’s Bill pulled from the ballot is yet another waste of Parliament’s time and shows the Government’s contempt for the House and the public with much more important issues needing debate, says Labour’s Shadow Leader of the ...
    10 hours ago
  • Gun laws creaking under the strain
     Questions have to be asked  after surprising revelations at the Law and Order Select Committee about the police and their ability to manage the gun problem in New Zealand, says Labour’s Police spokesperson Stuart Nash.  “The lack of resources is ...
    10 hours ago
  • Most homeless are working poor – Otago Uni
    The finding by Otago University researcher Dr Kate Amore that most homeless people are in work or study is one of the most shocking aspects of the housing crisis, says Labour’s Housing spokesperson Phil Twyford. “Social service agencies report many ...
    13 hours ago
  • Māori seats entrenched by Tirikatene Bill
    National and the Māori Party need to support my member’s Bill which is designed to entrench the Māori electorate seats in Parliament, Labour’s Te Tai Tonga MP Rino Tirikatene says. “Under the Electoral Act the provisions establishing the general electorates ...
    14 hours ago
  • Trade dumping bill could hurt NZ industries
    The Commerce Select Committee is currently hearing submissions on the Trade (Anti-dumping and Countervailing Duties) Amendment Bill. This bill worries me. I flagged some major concerns during its first reading.   I am now reading submissions from NZ Steel, ...
    GreensBy Mojo Mathers
    1 day ago
  • Just 8 per cent of work visas for skills shortages
    Just 16,000 – or 8 per cent – of the 209,000 work visas issued last year were for occupations for which there is an identified skills shortage, says Labour Immigration spokesperson Iain Lees-Galloway. “The overwhelming majority of the record number ...
    1 day ago
  • Hard won agreement shouldn’t be thrown away
    The Government should ignore talk across the Tasman about doing away with the labelling of GM free products, says Labour’s Health spokesperson Annette King. “Labelling of genetically modified products was a hard won agreement in 2001 by Australian and the ...
    1 day ago
  • National’s privatisation Trojan horse
     The National government is using the need to modernise the school system as a Trojan horse for privatisation and an end to free public education as we know it, Labour’s Education spokesperson Chris Hipkins says.  “There is no doubt that ...
    1 day ago
  • Shameless land-banking ads show need for crackdown
    The fact that more than 300 sections are shamelessly being advertised on Trade Me as land-banking opportunities during a housing crisis shows the need for a crackdown on property speculators, Leader of the Opposition Andrew Little says. “Of the 328 ...
    1 day ago
  • Standard and Poor’s warning of housing crisis impact on banks
    The National Government’s failure to address the housing crisis is leading to dire warnings from ratings agency Standard and Poor’s about the impact on the strength of the economy and New Zealand banks, says Labour’s Finance spokesperson Grant Robertson. “Standard ...
    1 day ago
  • Ihumatao needs action not sympathy
    The Petition of Save Our Unique Landscape (SOUL) calling on Parliament to revoke Special Housing Area 62 in order to protect the Ihumatao Peninsula and Stonefields, has fallen on deaf ears, says the Labour MP for Mangere Su’a William Sio.  ...
    1 day ago
  • Student visa fraud & exploitation must stop
    The Government must act immediately to end fraud and exploitation of international students that threatens to damage New Zealand’s reputation, Leader of the Opposition Andrew Little says. ...
    2 days ago
  • Government needs to show leadership in reviewing monetary policy
    The Reserve Bank’s struggles to meet its inflation target, the rising exchange rate and the continued housing crisis shows current monetary policy needs to be reviewed - with amendments to the policy targets agreement a bare minimum, says Labour’s Finance ...
    2 days ago
  • Slash and burn of special education support
    Slashing the support for school age children with special needs is no way to fund earlier intervention, Labour’s Education Spokesperson Chris Hipkins says.  “National’s latest plan to slash funding for children with special needs over the age of 7 in ...
    3 days ago
  • National’s Pasifika MPs must have free vote
      Pacific people will not take kindly to the Government whipping their Pacific MPs to vote in favour of a  Bill that will allow Sunday trading  at Easter, says Labour’s Pacific Island Affairs spokesperson Su’a William Sio.  “We are seeing ...
    5 days ago
  • Maritime Crimes Bill – balancing security and free speech
    Parliament is currently considering the Maritime Crimes Amendment Bill, which would bring New Zealand up to date with current international rules about maritime security. The debate around the Bill reflects two valid issues: legitimate counter-terrorism measures and the right to ...
    GreensBy Kennedy Graham
    6 days ago
  • Teachers’ low wages at the centre of shortages
      Figures that show teachers’ wages have grown the slowest of all occupations is at the heart of the current teacher shortage, says Labour’s Education Spokesperson Chris Hipkins.  In the latest Labour Cost Index, education professionals saw their wages grow ...
    6 days ago
  • Government’s Tax Law undermines common law principles
    A tax amendment being snuck in under the radar allows changes to tax issues to be driven through by the Government without Parliamentary scrutiny, says Labour’s Revenue spokesman Stuart Nash. “The amendment allows any part of the Tax Administration Act ...
    7 days ago
  • Government slippery about caption funding
      The Government has refused to apologise for taking the credit for funding Olympic Games captioning when the National Foundation for the Deaf  was responsible, says Labour’s spokesperson on Disability Issues Poto Williams.  “This shameful act of grandstanding by Ministers ...
    1 week ago
  • Default KiwiSaver investments should be reviewed
    The investments of the default KiwiSaver providers should be reviewed to make sure they are in line with New Zealanders’ values and expectations, says Labour’s Finance spokesperson Grant Robertson. “Most New Zealanders would be appalled that their KiwiSaver funds are ...
    1 week ago
  • New ministry should look after all children
    The Government has today shunned well founded pleas by experts not to call its new agency the Ministry for Vulnerable Children, Labour’s Spokesperson for Children Jacinda Ardern says.  “Well respected organisations and individuals such as Children's Commissioner Judge Andrew Becroft ...
    1 week ago
  • Ratification okay but we need action
    Today’s decision to ratify the Paris agreement on Climate Change by the end of the year is all well and good but where is the plan, says Labour’s Climate Change spokesperson Megan Woods.  “The Government’s failure to plan is planning ...
    1 week ago
  • Stats changes can’t hide unemployment reality
    Today’s minor drop in unemployment numbers is nothing to celebrate given the changes made to the official numbers that cut thousands of people looking for work out of the jobless rate, says Labour’s Employment spokesperson Grant Robertson. “Making any comparisons ...
    1 week ago
  • Stats changes can’t hide unemployment reality
    Today’s minor drop in unemployment numbers is nothing to celebrate given the changes made to the official numbers that cut thousands of people looking for work out of the jobless rate, says Labour’s Employment spokesperson Grant Robertson. “Making any comparisons ...
    1 week ago
  • Auckland’s affordable homes plummet 72% under National
    Comprehensive new data from CoreLogic has found the number of homes in Auckland valued at under $600,000 has plummeted by 72 per cent since National took office, Leader of the Opposition Andrew Little says. “This data tracks the changes in ...
    1 week ago
  • Govt should face the facts not skew the facts
    National appears to be actively massaging official unemployment statistics by changing the measure for joblessness to exclude those looking online, says Labour’s Employment spokesperson Grant Robertson. “The Household Labour Force Survey, released tomorrow, no longer regards people job hunting on ...
    1 week ago
  • More voices call for review of immigration policy
    The Auckland Chamber of Commerce is the latest credible voice to call for a review of immigration and skills policy, leaving John Key increasingly isolated, says Opposition Leader Andrew Little. “The Prime Minister is rapidly becoming a man alone. He ...
    1 week ago
  • Better balance needed in Intelligence Bill
    Labour will support the NZ Intelligence and Security Bill to select committee so the issues can be debated nationwide and important amendments can be made, says Opposition Leader Andrew Little. ...
    1 week ago
  • Serco circus has no place in NZ
    A High Court judgment proves National’s private prison agenda has failed and the Serco circus has no place in New Zealand correctional facilities, Labour’s Corrections spokesperson Kelvin Davis says. ...
    2 weeks ago
  • State house sell-off a kick in the guts for Tauranga’s homeless
    The Government’s sale of 1124 state houses in Tauranga won’t house a single extra homeless person in the city, says Labour’s Housing spokesperson Phil Twyford. “Tauranga, like the rest of New Zealand, has a crisis of housing affordability and homelessness. ...
    2 weeks ago
  • Axing Auckland’s affordable quota disappointing
    Auckland Council has given away a useful tool for delivering more affordable housing by voting to accept the Independent Hearing Panel’s recommendation to abolish affordable quotas for new developments, says Labour’s Housing spokesperson Phil Twyford. ...
    2 weeks ago
  • Ae Marika! Māori Party Oath Bill fails
    The Māori Party must reconsider its relationship with National after they failed to support Marama Fox’s Treaty of Waitangi Oath bill, Labour’s Maori Development Spokesperson Kelvin Davis says. ...
    2 weeks ago
  • Police Minister all platitudes no detail
    The Police Minister must explain where the budget for new police officers is coming from after continuously obfuscating, Labour’s Police spokesperson Stuart Nash says. ...
    2 weeks ago
  • Lost luggage law shows National’s lost the plot
    The Government has proven it can’t address the big issues facing the tourism industry by allowing a Members Bill on lost luggage to be a priority, Labour’s Tourism spokesman Kris Faafoi said. “Nuk Korako’s Bill drawn from the Members’ Ballot ...
    2 weeks ago
  • Hiding behind the law – but can’t say which law
    National is refusing to come clean on what caused the potential trade dispute with China by hiding behind laws and trade rules they can’t even name, says Labour’s Trade and Export Growth spokesperson David Clark. “National admitted today that an ...
    2 weeks ago
  • Work visas issued for jobs workless Kiwis want
    Thousands of work visas for low-skilled jobs were issued by the Government in the past year despite tens of thousands of unemployed Kiwis looking for work in those exact occupations, Labour’s Immigration spokesperson Iain Lees-Galloway says. “A comparison of the ...
    2 weeks ago
  • Kiwis nationwide now paying for housing crisis
    The Government’s failure to tackle the housing crisis is now affecting the entire country with nationwide house price inflation in the past year hitting 26 per cent, Labour’s Housing spokesperson Phil Twyford says. “None of National’s tinkering or half-baked, piecemeal ...
    2 weeks ago
  • OCR cut piles pressure on Government
    Today’s OCR cut must be backed by Government action on housing and economic growth, says Labour’s Finance spokesperson Grant Robertson. “Reserve Bank Governor Graeme Wheeler’s monetary policy statement underlines the limits of Bill English’s economic management. He says growth is ...
    2 weeks ago
  • Government must explain the McClay delay
    Todd McClay must explain why it took two months for him to properly inform the Prime Minister about China’s potential trade retaliation, says Labour’s Trade and Export Growth spokesperson David Clark. “This may be one of the most serious trade ...
    2 weeks ago
  • OCR cut would be vote of no confidence in economy
    If Reserve Bank Governor Graeme Wheeler cuts the OCR tomorrow it would show that, despite his loudly-voiced concerns about fuelling the housing market, the stuttering economy is now a bigger concern, says Labour’s Finance spokesperson Grant Robertson. “Bill English and ...
    2 weeks ago
  • Leading medical experts back Healthy Homes Bill
    Leading medical experts have today thrown their weight behind my Healthy Homes Guarantee Bill, saying it will improve the health of Kiwi kids, Leader of the Opposition Andrew Little says. “The Bill sets minimum standards for heating, insulation and ventilation ...
    2 weeks ago
  • Minister, it’s time to listen to the Auditor General
    Minister of Health Jonathan Coleman needs to listen to the independent advice of the Auditor General and review the capital charge system imposed on District Health Boards, says Labour’ Health Spokesperson Annette King.  “The capital charge on DHBs has been ...
    2 weeks ago
  • Peas explain, Minister
    The Minister of Primary Industries needs to explain how the failure of its biosecurity systems led to the Pea Weevil incursion in the Wairarapa, Labour’s Primary Industries spokesperson Damien O’Connor says “The decision to ban the growing of peas in ...
    2 weeks ago
  • PM’s police numbers wrong
    The Prime Minister has said that police numbers will increase in-line with population growth, however, the Police’s own four year strategy clearly states there are no plans to increase police numbers for the next four years, Labour’s Police spokesperson Stuart ...
    2 weeks ago
  • Ministerial double speak on GP Fees
      The Associate Health Minister Sam Lotu-Iiga was simply making it up when he claimed today that General Practitioners had been given money in the Budget to lower fees, says Labour’s Health spokesperson Annette King.  “In a reply to a ...
    2 weeks ago
  • Government must close loophole in LVR rules
    The Government must urgently close a loophole in loan to value ratio mortgage restrictions which are stopping homeowners from buying new houses before they sell their old one, Labour’s Housing spokesperson Phil Twyford says. “The Reserve Bank was forced to ...
    2 weeks ago
  • Bulk funding means bigger classes
    National’s plan to bulk fund schools can only result in bigger class sizes and a reduced range of subject choices, Labour’s Education spokesperson Chris Hipkins says. ...
    2 weeks ago
  • Time for John Key to sack his Housing Minister
    It is time for the Prime Minister to take serious and meaningful steps to address the housing crisis – and start by sacking Nick Smith as Housing Minister, Leader of the Opposition Andrew Little says. “Clearly whatever it is National ...
    2 weeks ago
  • Coleman puts skids under cheaper GP visits
      Hundreds of thousands of New Zealanders with high health needs are missing out on cheaper GP fees as the cost of going to the doctor hits $70, Labour’s Health spokesperson Annette King says.  “The number of practices subsidised to ...
    3 weeks ago
  • Police indifference over dine-and-dash appalling
      The fact that the police couldn’t be bothered investigating a dine–and-dash in Auckland is appalling and shows an indifference that is unacceptable, says Labour’s Police spokesperson Stuart Nash.  “The way it stands these men have got away scot free ...
    3 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere