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Daily review 20/07/2022

Written By: - Date published: 5:30 pm, July 20th, 2022 - 45 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

45 comments on “Daily review 20/07/2022 ”

  1. bwaghorn 1

    Reading in this week's farmers weekly that the feds are pushing for ,farm workers who live on the job (of which I'm one) to be able to access there kiwisaver to buy property that they won't live in till they retire.

    To this I say please do it Labour, do it now ,

  2. Kat 2

    And now a beat up in the media over a swamp Kauri bowl purchased from Te Papa and given as a present to Biden from Ardern.

    Oh, and the PM and the Governor General set a bad example for taking their masks off for a recent group photo at parliament…….

    Oh yes, along with National capturing the female vote, ahead of Labour according to a "leaked" Curia poll the pre election flak is starting to come thick and fast……

  3. joe90 3

    heh

    • Ad 4.1

      For just 10 years, from 1978 to 1988, New Zealand has its own petroleum exploration company, Petrocorp. Formed under National during an energy crisis as part of a national energy resilience plan, sold by Labour.

      NZ is now just over 6% for new car purchases being electric, ie 94% of new cars are still combustion engine.

      Simon Terry might be better off accepting that Ampol and Gull are the equivalent of Aussie banks: they own us and there's very, very little we can do about it now.

      • Poission 4.1.1

        Funny how the commerce commission allowed it.The again they approved the takeover of woolworths supermarkets and the blocking by progressive and foodstuffs of the warehouse rollout of supermarket services.

        Had a labour government then too.

        • Ad 4.1.1.1

          Remind me of a useful thing the Commerce Commission has done.

          The kind of resilience tests we are now faced with won't be solved by our exceptionally weak commercial regulator.

          • Poission 4.1.1.1.1

            Using econometric models to test values has always been sophistry at best.

            The CC is pure puff.

      • pat 4.1.2

        "and there's very, very little we can do about it now."

        Its not too late to nationalise the refinery and recommission it….but they will not.

        And cars are the least of our worries when it comes to refined fuels.

        • Poission 4.1.2.1

          Very cheap asset as the shareholders have (or are) writing off the assets to scrap value.

        • Ad 4.1.2.2

          Re-nationalising the oil refinery would put NZ in pretty much the same position as all those EU countries now reverting back to coal fired electricity generators.

          We need more price-driven consumer pain about oil consumption, not less.

          • pat 4.1.2.2.1

            We need strategic security of (at least limited) supply…as the likes of Germany has re discovered

            • Ad 4.1.2.2.1.1

              Not unless someone is about to invade Australia.

              We are a client state of Australia's oil storage and it appears to have worked well.

              • pat

                Bollocks.

                Australia holds 1.7 million barrels in its strategic reserve….in the US.

                One and half days consumption….if they can access it.

                You may wish to rely on them prioritising our use over their own when push comes to shove, most would not be so naive….except perhaps our so called leaders.

          • Poission 4.1.2.2.2

            Those EU countries did not have to refire the coal generation,they had a very nuclear fleet,but the green parties wanted E=mc2 removed,so 654gwh of electricity in germany yesterday was FF.

    • Poission 4.2

      Stupid thinking by both the board and shareholders for no long term gain.

      Government thinking to make themselves look good in terms of carbon reduction,which in the real world are actually 0.

      Woods with her push for hydrogen is struggling with the issues,and is pushing us toward a high cost electricity and energy sector with her wrong projects that require an oversize unsustainable investments (and undertaking to overseas investors).

      • pat 4.2.1

        More than enough stupid to go round….and plenty from the Minister, who should have been moving heaven and earth to prevent the closure.

        • Poission 4.2.1.1

          on bloomberg the Eurogroup spokesman has said that they need to increase their reserves across all energy groups to account for global shortages going into autumn/winter,all to be more expensive with increased financing costs and higher inflation (uk 9.4% today) ECB tomorrow maybe .50,and no one has been told about the defragmentation tool works.

          • pat 4.2.1.1.1

            "and no one has been told about the defragmentation tool works."

            ??

            • Poission 4.2.1.1.1.1

              The defragmentation tool is to ensure that high debt countries such as Italy and Greece do not have budget blowouts with an ECB rise,and an increase in rates over the rich north,such as Bunds.( a 2 speed europe)

              • pat

                Ah the differential bond rates…still no details on the workings then?

                Jawboning works…until it dosnt.

                • Poission

                  All the commentators on Bloomberg are trying to work out what it maybe (the consensus is they dont so not accepting risk in Italy etc),the other problem with it is that it may be reviewed by the constitutional court,technocrat central.

                  • pat

                    It may all be moot…the northern states dont appear to be in a position to underwrite the PIIGS in any case.

                    • Poission

                      I agree,trade surpluses have inverted,and all the energy companies are getting nationalized ( France yesterday) Germany today.

        • KJT 4.2.1.2

          Committing billions to rebuild what has to become a "stranded assett" in future, in response to AGW, would be daft.

          Better spent on developing more sustainable energy sources, so we can give oil, and the oil companies that have ripped us off for decades, the finger.

          Further mega subsidies to oil companies, to continue polluting and destroying the future of our grandchildren, is both economically, billions off our balance of trade going offshore for oil, and environmentally, destructive.

          Time everyone started joining the dots.

        • KJT 4.2.1.3

          "More than enough stupid to go around".

          You got it. Especially from those who want to waste billions, on rebuilding the refinery, keeping our investment and dependance on fossil fuels for thirty more years. The life of a rebuild.

          The Government was right not to throw money away to oil companies, to keep the refinery.

          Having a refinery which operates on imported feed stock, at the mercy of oil companies and the countries they domicile in, doesn’t change our reliance on supply from overseas, one bit.

          • pat 4.2.1.3.1

            "New Zealand holds 64,100,000 barrels of proven oil reserves as of 2016, ranking 75th in the world and accounting for about 0.0% of the world's total oil reserves of 1,650,585,140,000 barrels.

            New Zealand has proven reserves equivalent to 1.1 times its annual consumption. This means that, without imports, there would be about 1 years of oil left (at current consumption levels and excluding unproven reserves)."

            https://www.worldometers.info/oil/new-zealand-oil/#:~:text=Oil%20Reserves%20in%20New%20Zealand&text=New%20Zealand%20holds%2064%2C100%2C000%20barrels,1.1%20times%20its%20annual%20consumption.

            You may have convinced yourself we wont be using refined oil products for the next few decades but the wont change our reliance on them….maintaining a capacity (and capability) in an extremely uncertain world is a sensible insurance premium to pay in order to maintain an ability for the necessities of life to function should the need arise.

            Not to do so is negligent

            • Ad 4.2.1.3.1.1

              We will certainly be reliant on oil products for some years.

              Keep them in the ground is government policy, under Labour. Should be the same for coal.

              Whatever our proven oil reserves, we have no company that would assure that they would supply New Zealand as a priority. The oil would simply be exported, just like our coal is.

              Europe is leading the way on this, requiring all members to reduce gas use by 15% across the board. Europe is also burning alive.

              Sure, we are riding our luck. But we can only transition at our own pace away from our heavy oil addiction, and there is no need to encourage local oil use.

            • KJT 4.2.1.3.1.2

              You "May have convinced yourself" that AGW , is not something that we should take seriously.

              And that "there is no alternatives" to consuming fossil fuels.

              But, there is, and the sooner we accept the fact, the less painful, expensive and disruptive the transition will be.

              Negligence is wasting time and money to continue reliance on fossil fuels when we could have been developing alternatives.

              By the way, having a refinery in NZ makes absolutely no difference to our energy resiliance. Still reliant on overseas countries, and companies whether we are importing feedstocks, or refined products.

              • pat

                Wrong…we have domestic crude production that can be commandeered in an emergency.

                By all means accelerate the transition away from fossil fuels….but dont be foolish enough to disband our fossil capability UNTIL such time as it is not needed.

      • Ad 4.2.2

        All we need now to assist is a fresh Resource Management Act that actively encourages renewable energy to be built.

        Instead all we are getting is the same decade-plus consenting forecast and relying in National Policy Statements. Nothing in the new RMA draft to accelerate renewables.

  4. joe90 5

    Sounds infinitely more preferable than a stick up the snout.

    Skin swabs are "surprisingly effective" at identifying COVID-19 infection, according to new research from the University of Surrey, offering a route to a non-invasive future for COVID-19 testing.

    Surrey's researchers used non-invasive swabs to collect sebum—an oily waxy substance produced by the body's sebaceous glands—from 83 hospitalized patients, some of whom were diagnosed with COVID-19. The team also collected blood and saliva samples for this comparative study.

    https://medicalxpress.com/news/2022-07-skin-swabs-covid-future.html

  5. Ad 6

    Just a huge shoutout to Aotea Water Action for driving hard against the Canterbury Regional Council right through to the Court of Appeal – and then getting the Court costs awarded from CRC to Aotea Water Action.

    Aotearoa Water Action Wins Legal Battle To Overturn Water Bottling Consents | Scoop News

    Good news delivered right in the middle of the Local Government New Zealand conference. Hey Canterbury Regional Council: stick it up your ass.

    That kind of action takes years and years of dedication of one's life to actually hang in there, lose in the High Court, and then gear up again and win in the Appeal Court.

    This is the way to protect our water for the taonga that it is.

    Yet another reason if we needed it to strip fresh water management away from Councils.

  6. joe90 7

    It doesn't rain…

    Viral fragments of foot and mouth disease and African swine fever have been detected in pork products at a Melbourne retailer.

    Australia remains free of the diseases as the live virus was not detected, but Agriculture Minister Murray Watt reiterated the importance of biosecurity measures.

    The products, believed to be imported from China, were detected in the Melbourne CBD as part of routine surveillance and have been seized.

    It's the first time viral fragments have been detected in a retail setting, Senator Watt said.

    https://www.1news.co.nz/2022/07/20/foot-and-mouth-fragments-detected-at-melbourne-cbd-food-retailer/

  7. Anne 8

    Oh God, with all the problems which beset Britain (and the world) this is what one of the Tory candidates plans to do if she becomes PM:

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