What use is oil extraction here?
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- Date published:
9:10 am, March 20th, 2014 - 26 comments
Categories: Economy, energy, national, same old national -
Tags: dairy, gas, oil
One of the more irritating traits of National politicians is their bone-headed and short-term obsession about being rentiers selling raw and lightly processed raw materials offshore. Sure it is great in the short-term for the seller of the rights to those raw materials, but it does little to nothing for the other 4+ million people in this country. In the fullness of time, the resource that is being extracted will run out. The extracting companies will be folded up and somehow the bill for the inevitable cleanup winds up on everyone else.
Nowhere in the NZ economy is this more clearly expressed over time than in the oil extraction
Matthew Hooton was peddling some of his should be patented line of bullshit earlier in the week about oil and gas. I got irritated enough to divert from my work to dig out some basic charts to display what has been happening at the output stage. But I noticed something .
Oil is peanuts. All recent fields have been micro fields that get exhausted almost as soon as they are pumped.
http://www.med.govt.nz/sectors-industries/energy/energy-modelling/data/oil
There are a number of things that are interesting about this chart if you look closely at it.
You see that red line, that is the export of oil expressed in energy. Essentially we export virtually all of it. There is a reason for that. The type of oil that we get in NZ isn’t easy to use in our sole oil refinery in Whangarei. That is designed to operate on a different type of crude to that commonly found sloshing in the bottom of gas fields (which is where most of our oil comes from). Even the sole major oil only field – Tui, almost certainly started as a gas field that lost its gas.
But the spin you get from the energy industry (and eventually out through the mouth of Mr Hooton) is quite different. Here is a good example from the wikipedia page on oil and gas in NZ.
In 2008, New Zealand’s self-sufficiency in oil (production divided by consumption) was 47%, i.e. the country imports over half its petroleum product needs (though actual imports are higher, as some of the local product is also exported).[1] In the March 2010 quarter, 28.7 petajoules of crude were produced in New Zealand, 78 pj of petroleum products imported (most of it crude), and 61.6 pj consumed. The difference is exported or used for international travel (aviation fuel and similar).[2]
Sounds great eh? 47% self-sufficiency! We only import just over half of our petroleum product. Yeah right! This paragraph appears to be a bit of deliberate spin that you can see repeated amongst almost all of National’s talking heads whenever they start waffling about the benefits of the oil exploration for NZ.
The reality is that we export virtually all of our oil production. As far as I can tell all of it gets exported completely unprocessed.
We import virtually all of our oil needs and some of it gets processed it here. A quick summary from the Marsden Oil Refinery site (my bold).
We supply:
- all of the country’s jet fuel
- nearly 80% of diesel
- around half of all petrol
- between 75 and 85% of bitumen for roading
- all fuel oil for ships
- sulphur for farm fertiliser
- and we even put the fizz in fizzy drinks!
Why is this interesting? Because NZ crude is mostly a gas condensate, it is very high in light fractions of hydrocarbons. The exact type that is required for making petrol. Which is why it commands a high premium offshore.
It can be used in the Marsden refinery, because that was adapted to be able to use it in the late 1970’s and early 80s.
But rather than adding value to it here using local workers and capital and actually using it here to provide the other half of our own petroleum needs, instead it gets exported. Sure the government gets a minor cut. But most of the value is simply drained from the country.
Quite simply an alternate policy of just leaving the oil in the ground carries better value for NZ. Who apart from a few nutters really expects the long term future prices of the increasingly scarce raw material to go down? The uses for complex hydrocarbons range from plastics to lubricants. Simply exporting it to be burnt defies any kind of economic logic about how to use a natural resource effectively.
Classic rentiers logic exporting unprocessed raw materials rather than providing added value. It is also so characteristic of the National rentier party that this is what happens. Too lazy to put in the capital and work required to provide more value, they prefer to just dump it for cash.
You can see it in the way that our dairy products are increasingly being processed ever lighter and exported by the the cronies of National in a essentially raw form of milk powder. Our wood increasingly exported as raw logs.
Which of course completely explains their reaction to Labour’s policy on increasing the value add on our forestry.
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- Release: Labour honours memory of Sir Robert MartinThe Labour Party is saddened to learn of the death of Sir Robert Martin, a globally renowned disability advocate who led the way for disability rights both in New Zealand and internationally. ...1 week ago
- Release: 130,000 cattle saved from live exportLabour is calling for the Government to urgently rethink its coalition commitment to restart live animal exports, Labour animal welfare spokesperson Rachel Boyack said. ...1 week ago
- Central Bank makes clear Government is pouring fuel on housing crisis fireToday’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choosing to make them worse. ...1 week ago
- New unemployment figures paint bleak pictureThe Green Party is calling on the Government to do more for our households in most need as unemployment rises and the cost of living crisis endures. ...1 week ago
- Release: National’s job cuts already starting to bite as unemployment risesUnemployment is on the rise and it’s only going to get worse under this Government, Labour finance spokesperson Barbara Edmonds said. Stats NZ figures show the unemployment rate grew to 4.3 percent in the March quarter from 4 percent in the December quarter. “This is the second rise in unemployment ...1 week ago
- Release: National hiking transport costs for families and young New ZealandersWeekly expenses will grow for more than 1.6 million New Zealanders as the Government ends free and half price public transport fares tomorrow. ...2 weeks ago
- Release: Labour welcomes EU free trade agreementThe New Zealand Labour Party welcomes the entering into force of the European Union and New Zealand free trade agreement. This agreement opens the door for a huge increase in trade opportunities with a market of 450 million people who are high value discerning consumers of New Zealand goods and ...2 weeks ago
- Surprise: Landlord tax cuts don’t trickle downThe Green Party is renewing its call for rent controls following reports of rental prices hitting an all-time high. ...2 weeks ago
- Release: $1.7b for no increase in access to medicineThe National-led Government continues its fiscal jiggery pokery with its Pharmac announcement today, Labour Health spokesperson Ayesha Verrall says. “The government has increased Pharmac funding but conceded it will only make minimal increases in access to medicine”, said Ayesha Verrall “This is far from the bold promises made to fund ...2 weeks ago
- Release: National should heed Tribunal warning and scrap coalition commitment with ACTThis afternoon’s interim Waitangi Tribunal report must be taken seriously as it affects our most vulnerable children, Labour children’s spokesperson Willow-Jean Prime. ...2 weeks ago
- Release: More accountability for preventable workplace deaths this Workers’ Memorial DayLabour is calling for more accountability for preventable workplace deaths because everybody who goes to work deserves to come home safely. ...2 weeks ago
- Gaza: Aotearoa Must Support Independent Investigation into Mass GravesTe Pāti Māori are demanding the New Zealand Government support an international independent investigation into mass graves that have been uncovered at two hospitals on the Gaza strip, following weeks of assault by Israeli troops. Among the 392 bodies that have been recovered, are children and elderly civilians. Many of ...2 weeks ago
- Release: Working together on consistent support for veterans this Anzac DayOur two-tiered system for veterans’ support is out of step with our closest partners, and all parties in Parliament should work together to fix it, Labour veterans’ affairs spokesperson Greg O’Connor said. ...2 weeks ago
- Release: Penny drops – but what about Seymour and Peters?Stripping two Ministers of their portfolios just six months into the job shows Christopher Luxon’s management style is lacking, Labour Leader Chris Hipkins said. ...2 weeks ago
- Another ‘Stolen Generation’ enabled by court ruling on Waitangi Tribunal summonsTonight’s court decision to overturn the summons of the Children’s Minister has enabled the Crown to continue making decisions about Māori without evidence, says Te Pāti Māori spokesperson for Children, Mariameno Kapa-Kingi. “The judicial system has this evening told the nation that this government can do whatever they want when ...2 weeks ago
- Release: Budget blunder shows Nicola Willis could cut recovery fundingIt appears Nicola Willis is about to pull the rug out from under the feet of local communities still dealing with the aftermath of last year’s severe weather, and local councils relying on funding to build back from these disasters. ...3 weeks ago
- Further environmental mismanagement on the cardsThe Government’s resource management reforms will add to the heavy and ever-growing burden this Government is loading on to our environment. ...3 weeks ago
- Release: RMA changes will be a disaster for environmentThe Government is making short-sighted changes to the Resource Management Act (RMA) that will take away environmental protection in favour of short-term profits, Labour’s environment spokesperson Rachel Brooking said today. ...3 weeks ago
- Release: Labour supports urgent changes to emergency management systemLabour welcomes the release of the report into the North Island weather events and looks forward to working with the Government to ensure that New Zealand is as prepared as it can be for the next natural disaster. ...3 weeks ago
- Release: Labour calls for New Zealand to recognise PalestineThe Labour Party has called for the New Zealand Government to recognise Palestine, as a material step towards progressing the two-State solution needed to achieve a lasting peace in the region. ...3 weeks ago
- Release: Three strikes law political posturing of worst kindThe Government is bringing back a law that has little evidential backing just to look tough, Labour justice spokesperson Duncan Webb said. ...3 weeks ago
- Release: Government cuts unbelievably target child exploitation, violent extremism, ports and airpor...Some of our country’s most important work, stopping the sexual exploitation of children and violent extremism could go along with staff on the frontline at ports and airports. ...3 weeks ago
- Three strikes has failed before and will fail againResurrecting the archaic three-strikes legislation is an unwelcome return to a failed American-style approach to justice. ...3 weeks ago
- Release: Environmental protection vital, not ‘onerous’The Government’s Fast Track Approvals Bill will give projects such as new coal mines a ‘get out of jail free’ card to wreak havoc on the environment, Labour Leader Chris Hipkins said today. ...3 weeks ago
- New Zealand supports UN Palestine resolution
New Zealand voted in favour of a resolution broadening Palestine’s participation at the United Nations General Assembly overnight, Foreign Minister Winston Peters says. “The resolution enhances the rights of Palestine to participate in the work of the UN General Assembly while stopping short of admitting Palestine as a full ...4 hours ago - Speech to the 2024 Infrastructure SymposiumIntroduction Good morning. It’s a great privilege to be here at the 2024 Infrastructure Symposium. I was extremely happy when the Prime Minister asked me to be his Minister for Infrastructure. It is one of the great barriers holding the New Zealand economy back from achieving its potential. Building high ...19 hours ago
- $571 million for Defence pay and projectsDefence Minister Judith Collins today announced the upcoming Budget will include new funding of $571 million for Defence Force pay and projects. “Our servicemen and women do New Zealand proud throughout the world and this funding will help ensure we retain their services and expertise as we navigate an increasingly ...23 hours ago
- Climate change – mitigating the risks and costsNew Zealand’s ability to cope with climate change will be strengthened as part of the Government’s focus to build resilience as we rebuild the economy, Climate Change Minister Simon Watts says. “An enduring and long-term approach is needed to provide New Zealanders and the economy with certainty as the climate ...24 hours ago
- Getting new job seekers on the pathway to workJobseeker beneficiaries who have work obligations must now meet with MSD within two weeks of their benefit starting to determine their next step towards finding a job, Social Development and Employment Minister Louise Upston says. “A key part of the coalition Government’s plan to have 50,000 fewer people on Jobseeker ...2 days ago
- Accelerating Social InvestmentA new standalone Social Investment Agency will power-up the social investment approach, driving positive change for our most vulnerable New Zealanders, Social Investment Minister Nicola Willis says. “Despite the Government currently investing more than $70 billion every year into social services, we are not seeing the outcomes we want for ...2 days ago
- Getting Back on TrackCheck against delivery Good morning. It is a pleasure to be with you to outline the Coalition Government’s approach to our first Budget. Thank you Mark Skelly, President of the Hutt Valley Chamber of Commerce, together with your Board and team, for hosting me. I’d like to acknowledge His Worship ...2 days ago
- NZ – European Union ties more critical than everYour Excellency Ambassador Meredith, Members of the Diplomatic Corps and Ambassadors from European Union Member States, Ministerial colleagues, Members of Parliament, and other distinguished guests, Thank you everyone for joining us. Ladies and gentlemen - In diplomacy, we often speak of ‘close’ and ‘long-standing’ relations. ...3 days ago
- Therapeutic Products Act to be repealedThe Therapeutic Products Act (TPA) will be repealed this year so that a better regime can be put in place to provide New Zealanders safe and timely access to medicines, medical devices and health products, Associate Health Minister Casey Costello announced today. “The medicines and products we are talking about ...3 days ago
- Decisions on Wellington City Council’s District PlanThe Minister Responsible for RMA Reform, Chris Bishop, today released his decision on twenty recommendations referred to him by the Wellington City Council relating to its Intensification Planning Instrument, after the Council rejected those recommendations of the Independent Hearings Panel and made alternative recommendations. “Wellington notified its District Plan on ...3 days ago
- Rape Awareness Week: Government committed to action on sexual violenceRape Awareness Week (6-10 May) is an important opportunity to acknowledge the continued effort required by government and communities to ensure that all New Zealanders can live free from violence, say Ministers Karen Chhour and Louise Upston. “With 1 in 3 women and 1 in 8 men experiencing sexual violence ...3 days ago
- Smarter lunch programme feeds more, costs lessAssociate Education Minister David Seymour has today announced that the Government will be delivering a more efficient Healthy School Lunches Programme, saving taxpayers approximately $107 million a year compared to how Labour funded it, by embracing innovation and commercial expertise. “We are delivering on our commitment to treat taxpayers’ money ...3 days ago
- Report provides insights into marine recoveryNew research on the impacts of extreme weather on coastal marine habitats in Tairāwhiti and Hawke’s Bay will help fishery managers plan for and respond to any future events, Oceans and Fisheries Minister Shane Jones says. A report released today on research by Niwa on behalf of Fisheries New Zealand ...3 days ago
- NZ to send political delegation to the PacificDeputy Prime Minister and Foreign Minister Winston Peters will lead a broad political delegation on a five-stop Pacific tour next week to strengthen New Zealand’s engagement with the region. The delegation will visit Solomon Islands, Papua New Guinea, Vanuatu, New Caledonia, and Tuvalu. “New Zealand has deep and ...3 days ago
- Low gas production threatens energy securityThere has been a material decline in gas production according to figures released today by the Gas Industry Co. Figures released by the Gas Industry Company show that there was a 12.5 per cent reduction in gas production during 2023, and a 27.8 per cent reduction in gas production in the ...3 days ago
- Defence industry talent, commitment recognisedDefence Minister Judith Collins tonight announced the recipients of the Minister of Defence Awards of Excellence for Industry, saying they all contribute to New Zealanders’ security and wellbeing. “Congratulations to this year’s recipients, whose innovative products and services play a critical role in the delivery of New Zealand’s defence capabilities, ...4 days ago
- Speech to the Minister of Defence Awards of Excellence for IndustryWelcome to you all - it is a pleasure to be here this evening.I would like to start by thanking Greg Lowe, Chair of the New Zealand Defence Industry Advisory Council, for co-hosting this reception with me. This evening is about recognising businesses from across New Zealand and overseas who in ...4 days ago
- Speech to the Sixth Annual New Zealand Government Data SummitIt is a pleasure to be speaking to you as the Minister for Digitising Government. I would like to thank Akolade for the invitation to address this Summit, and to acknowledge the great effort you are making to grow New Zealand’s digital future. Today, we stand at the cusp of ...4 days ago
- Ceasefire agreement needed now: PetersNew Zealand is urging both Israel and Hamas to agree to an immediate ceasefire to avoid the further humanitarian catastrophe that military action in Rafah would unleash, Foreign Minister Winston Peters says. “The immense suffering in Gaza cannot be allowed to worsen further. Both sides have a responsibility to ...4 days ago
- Daily school attendance data now availableA new online data dashboard released today as part of the Government’s school attendance action plan makes more timely daily attendance data available to the public and parents, says Associate Education Minister David Seymour. The interactive dashboard will be updated once a week to show a national average of how ...4 days ago
- Ambassador to United States appointedForeign Minister Winston Peters has announced Rosemary Banks will be New Zealand’s next Ambassador to the United States of America. “Our relationship with the United States is crucial for New Zealand in strategic, security and economic terms,” Mr Peters says. “New Zealand and the United States have a ...4 days ago
- New permit proposed for recreational gold miningThe Government is considering creating a new tier of minerals permitting that will make it easier for hobby miners to prospect for gold. “New Zealand was built on gold, it’s in our DNA. Our gold deposits, particularly in regions such as Otago and the West Coast have always attracted fortune-hunters. ...4 days ago
- NZ and the UAE launch FTA negotiationsMinister for Trade Todd McClay today announced that New Zealand and the United Arab Emirates (UAE) will commence negotiations on a free trade agreement (FTA). Minister McClay met with his counterpart UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi in Dubai, where they announced the launch of negotiations on a ...4 days ago
- New Zealand Sign Language Week an opportunity for anyone to signNew Zealand Sign Language Week is an excellent opportunity for all Kiwis to give the language a go, Disabilities Issues Minister Louise Upston says. This week (May 6 to 12) is New Zealand Sign Language (NZSL) Week. The theme is “an Aotearoa where anyone can sign anywhere” and aims to ...5 days ago
- Next stop NASA for New Zealand studentsSix tertiary students have been selected to work on NASA projects in the US through a New Zealand Space Scholarship, Space Minister Judith Collins announced today. “This is a fantastic opportunity for these talented students. They will undertake internships at NASA’s Ames Research Center or its Jet Propulsion Laboratory (JPL), where ...5 days ago
- $1.9 billion investment to keep NZ safe from crimeNew Zealanders will be safer because of a $1.9 billion investment in more frontline Corrections officers, more support for offenders to turn away from crime, and more prison capacity, Corrections Minister Mark Mitchell says. “Our Government said we would crack down on crime. We promised to restore law and order, ...5 days ago
- OECD reinforces need to control spendingThe OECD’s latest report on New Zealand reinforces the importance of bringing Government spending under control, Finance Minister Nicola Willis says. The OECD conducts country surveys every two years to review its members’ economic policies. The 2024 New Zealand survey was presented in Wellington today by OECD Chief Economist Clare Lombardelli. ...5 days ago
- Agreement delivers Local Water Done Well for AucklandThe Government has delivered on its election promise to provide a financially sustainable model for Auckland under its Local Water Done Well plan. The plan, which has been unanimously endorsed by Auckland Council’s Governing Body, will see Aucklanders avoid the previously projected 25.8 per cent water rates increases while retaining ...6 days ago
- Gaza and the Pacific on the agenda with GermanyForeign Minister Winston Peters discussed the need for an immediate ceasefire in Gaza, and enhanced cooperation in the Pacific with German Foreign Minister Annalena Baerbock during her first official visit to New Zealand today. "New Zealand and Germany enjoy shared interests and values, including the rule of law, democracy, respect for the international system ...7 days ago
- Decision allows for housing growth in Western Bay of PlentyThe Minister Responsible for RMA Reform, Chris Bishop today released his decision on four recommendations referred to him by the Western Bay of Plenty District Council, opening the door to housing growth in the area. The Council’s Plan Change 92 allows more homes to be built in existing and new ...1 week ago
- Speech to New Zealand China CouncilThank you, John McKinnon and the New Zealand China Council for the invitation to speak to you today. Thank you too, all members of the China Council. Your effort has played an essential role in helping to build, shape, and grow a balanced and resilient relationship between our two ...1 week ago
- Modern insurance law will protect Kiwi householdsThe Government is modernising insurance law to better protect Kiwis and provide security in the event of a disaster, Commerce and Consumer Affairs Minister Andrew Bayly announced today. “These reforms are long overdue. New Zealand’s insurance law is complicated and dated, some of which is more than 100 years old. ...1 week ago
- Government recommits to equal payThe coalition Government is refreshing its approach to supporting pay equity claims as time-limited funding for the Pay Equity Taskforce comes to an end, Public Service Minister Nicola Willis says. “Three years ago, the then-government introduced changes to the Equal Pay Act to support pay equity bargaining. The changes were ...1 week ago
- Transforming how our children learn to readStructured literacy will change the way New Zealand children learn to read - improving achievement and setting students up for success, Education Minister Erica Stanford says. “Being able to read and write is a fundamental life skill that too many young people are missing out on. Recent data shows that ...1 week ago
- NZ not backing down in Canada dairy disputeTrade Minister Todd McClay says Canada’s refusal to comply in full with a CPTPP trade dispute ruling in our favour over dairy trade is cynical and New Zealand has no intention of backing down. Mr McClay said he has asked for urgent legal advice in respect of our ‘next move’ ...1 week ago
- Stronger oversight for our most vulnerable childrenThe rights of our children and young people will be enhanced by changes the coalition Government will make to strengthen oversight of the Oranga Tamariki system, including restoring a single Children’s Commissioner. “The Government is committed to delivering better public services that care for our most at-risk young people and ...1 week ago
- Streamlining Building Consent ChangesThe Government is making it easier for minor changes to be made to a building consent so building a home is easier and more affordable, Building and Construction Minister Chris Penk says. “The coalition Government is focused on making it easier and cheaper to build homes so we can ...1 week ago
- Minister acknowledges passing of Sir Robert Martin (KNZM)New Zealand lost a true legend when internationally renowned disability advocate Sir Robert Martin (KNZM) passed away at his home in Whanganui last night, Disabilities Issues Minister Louise Upston says. “Our Government’s thoughts are with his wife Lynda, family and community, those he has worked with, the disability community in ...1 week ago
- Speech to New Zealand Institute of International Affairs, Parliament – Annual Lecture: Challenges ...Good evening – Before discussing the challenges and opportunities facing New Zealand’s foreign policy, we’d like to first acknowledge the New Zealand Institute of International Affairs. You have contributed to debates about New Zealand foreign policy over a long period of time, and we thank you for hosting us. ...1 week ago
- Accelerating airport security linesFrom today, passengers travelling internationally from Auckland Airport will be able to keep laptops and liquids in their carry-on bags for security screening thanks to new technology, Transport Minister Simeon Brown says. “Creating a more efficient and seamless travel experience is important for holidaymakers and businesses, enabling faster movement through ...1 week ago
- Cold houses to blame for people needing to 'blast the heater' – Green Building Counc...
New Zealand's housing building standards are decades behind most other countries in the OECD, green building advocates say. ...3 hours ago - Austerity For Everyone Except Weapons Dealers
“Instead of following along countries that are investing in death and better ways of killing people faster, we need to invest in life and in making Aotearoa a fair, just and equitable place where everyone has what they need for a dignified life.” ...3 hours ago - The Secret Diary of .. Te Pāti Māori
MARIAMENO KAPA-KINGI, TPM MP FOR TAI TOKERAU This Government will not waver in its mission to exterminate Māori. CHRISTOPHER LUXON Oh well look you know I don’t think that hard-working Kiwis want to hear language like that. It’s just really unhelpful rhetoric. My Government is genuinely committed to advancing outcomes ...3 hours ago - When body positivity morphs into toxic masculinityThe body positivity movement started with women confronting the unrealistic expectations and unrepresentative portrayals of them in media and advertising. Men weren’t part of it … their bodies hadn’t been sexualised to the same extremes and they didn’t really need it. But now that’s changed. And in a warped sort ...3 hours ago
- ‘A curse and a blessing’: Ginette McDonald on how Lyn of Tawa changed her life
The New Zealand comedy legend takes us through her life in television, including the time she hugged Elton John and the unshakeable legacy of a girl named Lyn. In 1981, Ginette McDonald stood on the stage of Auckland’s St James Theatre and directly addressed Queen Elizabeth II. It was a ...4 hours ago - ‘Mothering looked beautiful but also chaotic and stifling’: On flatting with a newbornAn essay by Lily Duval from the just-released anthology Otherhood: Essays on being childless, childfree and child adjacent. I was 22 when my friend Alice gave birth in the living room of our pokey Addington flat. She laboured in the blow-up pool for hours. Garish fish swam along the inflated ...4 hours ago
- Motherhood: A reading journeyElla Borrie on the best books about motherhood she’s come across so far. Over the past few years I’ve been drawn to books about motherhood. I’m fascinated by the joys and horrors of becoming a parent. The question of children also feels more pressing than it used to. It’s like ...4 hours ago
- The Steve Awards 2024: Honouring the year’s worst Mother’s Day marketingOut of gift ideas for mum? You can’t go wrong with a bottle of toilet cleaner and a new squeegee. Emily Writes is the writer and editor of Emily Writes Weekly. This week marks five years since I published a post on The Spinoff about Mother’s Day marketing titled ‘A ...4 hours ago
- The Sunday Essay: A buzzy yearMy husband is posted overseas for 12 months and I’m armed with an expensive, newfangled vibrator. Will I miss him? The Sunday Essay is made possible thanks to the support of Creative New Zealand. A few days after my husband leaves, a new sex toy arrives at the front door. Nestled ...4 hours ago
- Tracing four decades of Wellington street artJaimie Baird’s new book Here Today Gone Tomorrow is a record of four decades of graffiti and street art in Wellington, told through more than 1,200 photographs. He spoke with Joel MacManus about what inspired the book. How did you first get interested in photographing street art? I remember ...4 hours ago
- The Weekend: How the woke sausage is madeEditor Madeleine Chapman looks back at a busy week where food of all political leanings dominated. Sometimes you’re just going about your week thinking you’ve got a good handle on what might be coming as far as news topics and then someone (usually a politician) says something so ridiculous that ...4 hours ago
- The Boy in the Water: Police caught in ‘zone of uncertainty’ In a week of cold rain and frost, the climate in courtroom four upstairs at the Invercargill courthouse was simmering with restrained indignation. At times it felt like the famous Mexican standoff scene from Reservoir Dogs, or, as someone watching the proceedings described it, there was so much throwing of ...4 hours ago
- Short story: Message me, by Lucy O’ConnorA banner notification alerts me to the fact that I’ve received an Instagram message from @felicity.loves. She always comments on my posts. I shouldn’t have opened the message, but clicked on the notification before rationalising this. OMG! Are you in Wellys? X I debate not replying, but Instagram will inform ...4 hours ago
- Callum Donaldson has his head in the gameIn Melbourne’s hardscrabble western suburbs where AFL – Aussie rules football – is a state religion, Callum Donaldson has been quietly grafting away, four months into an odyssey that he hopes will take him to another promised land: the NRL. It was a solid 2023 for the softly spoken 20-year-old ...4 hours ago
- TVNZ Pacific correspondent Barbara Dreaver awarded ONZM for investigative journalism
Pacific Media Watch Television New Zealand Pacific correspondent Barbara Dreaver has been made an Officer of the New Zealand Order of Merit for services to investigative journalism and Pacific communities in a ceremony at Government House, reports 1News. She has been the Pacific correspondent for 1News since 2002, breaking many ...8 hours ago - Budget to pledge billions more in funds and fresh effort to tackle intractable housing crisisSource: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Tuesday’s budget will respond to the deepening public agitation over Australia’s housing shortages by pouring new money into crisis accommodation for women and children, social housing and infrastructure. A specially-convened national cabinet late Friday ticked ...8 hours ago
- Pacific journalists are world’s ‘eyes and ears’ on climate crisis, says EU envoyBy Kaneta Naimatu in Suva Journalists in the Pacific region play an important role as the “eyes and ears on the ground” when it comes to reporting the climate crisis, says the European Union’s Pacific Ambassador Barbara Plinkert. Speaking at The University of the South Pacific (USP) on World Press ...11 hours ago
- Why the Defence Force has been calling for a Budget boostFailing accommodation, tarmac problems and a deteriorating naval base were all laid bare before a $571 million spend-up was unveiled today. ...11 hours ago
- Back in Black: Aldora’s year gets even betterAldora Itunu is back in the Black Ferns squad after a three-year absence. The last of her 24 internationals was an underwhelming loss to France (7-29) in Castres to conclude the disastrous 2021 Northern Tour. The powerhouse prop won a Rugby World Cup in 2017 and thought she was done. ...12 hours ago
- ‘Who’s actually governing this city?’The fight to control major transport policy and projects in Auckland has burst into the open again, with councillors rejecting Mayor Wayne Brown’s latest attempt to steer things more under his influence. Councillors from the left and right broke ranks on the mayor’s bid to control Auckland Transport more directly ...12 hours ago
- The return of .. Raw PoliticsExhausted by the general election campaign, horrified by the twilight zone of coalition negotiations, distracted by the silly season and waiting for the honeymoon to begin, Raw Politics has been in hibernation since October. From today, we’re back. Our weekly political video show and podcast returns for ...12 hours ago
- New Caledonia marks Armistice Day with new NZ war memorialBy Patrick Decloitre, RNZ Pacific correspondent French Pacific desk Authorities in the small town of Boulouparis have commemorated Armistice Day on May 8 with a new memorial honouring New Zealand soldiers who were stationed in New Caledonia during World War II. The ceremony took place in the township on the ...12 hours ago
- High Court dismisses key challenge to indefinite immigration detention. What does it mean?Source: The Conversation (Au and NZ) – By Sara Dehm, Senior lecturer, international migration and refugee law, University of Technology Sydney The High Court unanimously ruled today that the Australian government can keep asylum seekers in immigration detention indefinitely in cases where they do not “voluntarily” cooperate with their own ...15 hours ago
- A brief history of found footage video art – and where Macklemore’s Hind’s Hall fits inSource: The Conversation (Au and NZ) – By Kim Munro, Lecturer, Creative Industries and Digital Media, University of South Australia Twenty-four hours after the release of Macklemore’s pro-Palestine protest song Hind’s Hall on social media on May 7, the video had already notched up over 24 million views. In ...15 hours ago
- Transmission Gully could need new bulider – Infrastructure Commission reviewFailing to anticipate the complexity of the consenting system is being cited as the the current builder's shortcomings, an Infrastructure Commission review says. ...15 hours ago
- Proposed repeal of Oranga Tamariki Act section 7AA breaches Treaty of Waitangi – TribunalThe government is planning to repeal Treaty obligations from the Oranga Tamariki Act. ...15 hours ago
- Committee Silences Majority Of Submitters On Fast-track Bill350 Aotearoa is calling the Environment Select Committee’s decision to allow oral submissions from just 40% of individual, unique submitters who asked to speak to the committee ‘a disgraceful blight to democracy’. ...15 hours ago
- Sky-high vanity: constructing the world’s tallest buildings creates high emissionsSource: The Conversation (Au and NZ) – By James Helal, Assistant Dean (Sustainability), The University of Melbourne Dubai skyline AleksandarPasaric/Pexels Since ancient times, people have built structures that reach for the skies – from the steep spires of medieval towers to the grand domes of ancient cathedrals and mosques. Today ...16 hours ago
- How can we measure the size of Australia’s illegal cannabis market – and the billions in taxes t...Source: The Conversation (Au and NZ) – By Jenny Williams, Professor of Economics, The University of Melbourne Canna Obscura/Shutterstock At the end of this month, a senate inquiry by the Legal and Constitutional Affairs Legislation Committee is due to hand down its report on a bill to legalise cannabis. ...16 hours ago
- Wearable devices can now harvest our brain data. Australia needs urgent privacy reformsSource: The Conversation (Au and NZ) – By Edward Musole, PhD Law Student, University of New England Girts Ragelis/Shutterstock Recent trends show Australians are increasingly buying wearables such as smartwatches and fitness trackers. These electronics track our body movements or vital signs to provide data throughout the day, with ...17 hours ago
- Labour Up, Greens Down But Centre-Right Remains AheadThis is the first time since February that voters have had a net positive view of the country direction. ...18 hours ago
- RNZAF Hercules, NZDF Personnel Arrive In Papua New Guinea To Help Distribute Relief SuppliesPapua New Guinea experienced a significant earthquake on 24 March in East Sepik and there has also been recent flooding there and in surrounding provinces. ...18 hours ago
- Sleep wrinkles are real. Here’s how they leave their markSource: The Conversation (Au and NZ) – By Yousuf Mohammed, Dermatology researcher, The University of Queensland Maridav/Shutterstock You wake up, stagger to the bathroom and gaze into the mirror. No, you’re not imagining it. You’ve developed face wrinkles overnight. They’re sleep wrinkles. Sleep wrinkles are temporary. But as your ...19 hours ago
- Week in Politics: Triumph and disaster, but no austerityAnalysis - A big announcement about Auckland's water woes was overshadowed by a chaotic press conference about prisons, Peter Wilson writes. ...19 hours ago
- Community Groups Furious That Government Silencing Hundreds In Fast-Track HearingsThe Environment Select Committee has just announced that 60 percent of individuals who asked to speak at the hearings will not be heard. This equates to almost 700 people who made individual submissions and more than 1000 more who made a form submission. ...19 hours ago
- Review: Swan Lake is a reminder of how much work it takes to look effortlessThe Royal New Zealand Ballet is performing Swan Lake around the country. What kind of dream does the ballet sell? Before going to see the Royal New Zealand Ballet perform Swan Lake, I had about as much familiarity with the plot of this ballet as could be expected from having ...19 hours ago
- The Friday Poem: ‘High Tide at Local Maxima’ by Eamonn TeeA new poem by Auckland poet Eamonn Tee. High Tide at Local Maxima It is only going to get worse. The streams will be narrow and fickle. The week will bend and buckle like a pot-bellied waist. You will make it to the weekend with one ...19 hours ago
- The plastic-heavy drinks industry is in for a shake-upThe New Zealand entrepreneur behind beauty business Ethique is gearing up to launch a new eco-venture. This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. Our thirst for a tasty bevvy is insatiable, but it comes with a hefty plastic price for the planet: 580 billion ...19 hours ago
- The Unity Books bestseller chart for the week ending May 10The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington. AUCKLAND 1 James by Percival Everett (Mantle, $38) A retelling of The Adventures of Huckleberry Finn from ...19 hours ago
- Puna calls for Pacific ‘journalistic vigilance’ in face of climate crisisBy Kamna Kumar in Suva Pacific Islands Forum Secretary-General Henry Puna stressed the importance of media freedom and its link to the climate and environmental crisis at the 2024 World Press Freedom Day event organised by the University of the South Pacific’s journalism programme. Under the theme “A Planet for ...20 hours ago
- Downsizing Of ERO Inconsistent With Govt Priority Of Lifting Student AchievementThe PSA is concerned that Government spending cuts have forced ERO to downsize at a time when student achievement is a significant challenge. ...20 hours ago
- Education Review Office set to cut 13 jobs, union saysThe Education Review Office is set to cut 13 jobs, the Public Service Association says. ...20 hours ago
- Judith Collins announces $571 million Defence spend-upAn extra half a billion dollars is going to Defence in this year's Budget for pay and equipment upgrades, the Defence Minister has announced. ...21 hours ago
- This new TVNZ anthology is Motherhood as you’ve never seen it beforeTara Ward previews a new local TV series offering alternative visions of motherhood. This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. A woman is clambering up the side of her two-story house, clinging desperately to a drainpipe. Nearby, her child is perched on the ...21 hours ago
- LGNZ Supportive Of Cross-party Approach To Climate AdaptationLocal Government New Zealand (LGNZ) is supportive of the cross-party approach to climate adaptation announced by the Minister of Climate Change today. ...21 hours ago
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Your general point about unprocessed raw product being exported is well taken:
Apples.
Logs.
Milk powder.
Wool.
Minced beef.
Oil.
Coal.
Basic international student courses.
Fish.
Gold.
Leather.
Tallow.
That’s most of our (bulky and low-value) export economy there.
Is it correct that just a few years ago it was still the case that squash earned as much for the country as the entire clothing fashion industry?
And from the great GDP and exporting surge we are going through now and into 14-15:
“Manufacturing activity grew 2.1 per cent in the final quarter of 2013, driven by increases in food, beverage, and tobacco, and machinery and equipment manufacturing. Manufacturing activity is now at its highest level since March 2006.” – NZHerald
Tobacco? Really? Does tax count as a value-add? Increase must come from the Lower Hutt plant expansion. (Sure ain’t from my annual cigar)
A few years ago I worked for an advertising agency in Hawkes Bay and one of the jobs I worked on was packaging for processed apples for commercial kitchens. The raw, pre-processed apples, were imported from China while apples from local orchards were rotting on the ground.
Just an example of raw product being imported unnecessarily.
We also like exporting new grads.
For lack of job opportunity here as we have exported their jobs.
And since I need to vent – do our MP’s think they are in parliament on behalf of multi nationals and australians? Looked like it to me.
QFT
Our politicians and business leaders have been screwing over NZ for the last thirty years solely to benefit the foreign corporations and the 1%ers.
Which is a particularly raw product and has massive potential when utilised in a value add form.
And back to the main post – article in today’s Dom Post extolling China’s delight in our low value commodity exports wood – uurgh
Yep, we export raw logs to China, then Fletcher’s or Carter Holt’s Chinese subsidiary processes it cheaply into low quality panels which we have to import through Fletcher’s because we don’t make them here and which Fletchers then sells to us at massive profit; to a captive market base (They have Christchurch contract).
We also export our scrap metal, mostly to China, who process it and sell it back to us as a lower quality steel or as consumer goods they’ve manufactured from it.
I forgot:
aluminium, from two bulk commodities joined together.
BTW There’s a post on TransportBlog about how NZ could go to 100% local renewable energy.
Can anyone name a town in New Zealand other than Wellington or Auckland that is not dependent on bulk exports? Dunedin maybe? Whether it’s oil or apples, we have always had a bulk commodity economy (apart from two decades from 1945).
Is this simply too hard a problem to solve if so much of New Zealand and so much of its momentum is geared this way?
Consider: a post-bulk-exporting New Plymouth, or Invercargill, or Napier, or Tauranga, or Gisborne, or Whangarei etc etc. Husks.
Lynn, I don’t think the political economy can stand another Structural Adjustment a la 1985. Do you?
We’re not surviving the structural readjustment of the 4th Labour government which pretty much means that we have to go through another such adjustment. An adjustment which will make our economy sustainable.
MMP was brought in to stop any further structural adjustments, and will continue to do so.
Then we may need to bypass the present system.
Great post – thanks for all the info and analysis. I agree with your conclusions.
LPrent, your column is a sad commentary upon the shallow thinking of successive (including Labour) administrations. Its classic neo lib territory here, the buyers are a cartel who don’t want us to receive anything but the lowest price, but wont actually free the market up to deliver a good result for us. And they want us to buy an equivalent amount of imported oil at a premium. The key phrase missing in your column is “economic sovereignty”.
We as a nation have never had economic sovereignty, yet we have for long periods ascribed to the concept of collective security for our society. That was damned by Douglas and Lange as “Fortress NZ”, and our semi protectionist regime as a “Polish shipyard”.
The saddest part of this whole fiasco is that the “Left” in general have failed to mount a consistent cogent criticism of “free markets” and ” Free Trade agreements” and “international finance”. In this our parliamentary “Left” obfuscate, they wont rock the boat because they think it unelectable to do so. Meanwhile the boat sails in a stormy sea, it is already rocking.
And the reason for that failure is that most of the left still believe in the failed capitalist system.
Rocking? It’s friggen sinking.
Is it because they “think it unelectable to do so” or is it because they’re attached to the same puppet strings as the national party is?
Nice analysis, Lynn.
Another example of National’s moral bankruptcy.
saw an interesting use of the word improving in a hwadline in the herald aboutwhy oil is over $100 ” demand for fuel improving “
yeah! sick really. 🙁
financial whizz kids terminology
gezz those people have sh*t for brains.
I guess thats cos economists believe if something is increasing there must be improvement. Tight righty believes this about gdp. If it is increasing things must be better…
yes. we had it today from the media – gdp growing at 2. something! wow!! it’s nonsense of course. but its all they seem to know.
Yup. Gdp grows and has grown over the last 40 years… so has the gap between rich and poor… rents… the number in poverty… yup its great news for sure.
And let’s not forget what a woefully inadequate measure of economic growth GDP is anyway. For example, profit generated here which goes to overseas shareholders is included in GDP even though the money goes offshore!
Looks like a typo to me. Surely they meant to use ‘increasing’ ?
Latest NZ Energy Quarterly Report
NZ oil production is down 18.3% in last year ! You can see in the chart how the steep decline began in 2007. The decline is accelerating and at this rate local production will be near zero by 2020.
6 wasted years under National to lower our dependence on oil imports.
"Policymakers are too focused on the supply side, on trying to change the mix of energy sources we rely on, and not doing enough to unlock the gains that can be made on the demand side through greater energy efficiency."
Christoph Frei, secretary general of the World Energy Council
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11222757