Written By: - Date published: 8:37 am, April 7th, 2014 - 24 comments
Gamble Big’ rather than ‘Think Big’ should be this National Government’s mantra.Opening up huge areas of our land and territorial waters for open slather oil and gas exploration is a gamble on so many levels. When many countries like Denmark are actively chasing a sustainable, clean energy future, this government is throwing all its hopes on a big strike of fossil fuel.
Written By: - Date published: 9:10 am, March 20th, 2014 - 26 comments
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 […]
Written By: - Date published: 11:31 am, October 28th, 2011 - 52 comments
Net benefit of hosting the Rugby World Cup $280m over 7 weeks ($780m tourist spending minus $500m investment and operating losses). Cost of an 8cm welding crack in the Maui pipeline: $350m after 2 days. Guess it pays to mind the small stuff. Least it didn’t happen during the Cup when Auckland was chocka with tourists.
Written By: - Date published: 6:01 am, October 6th, 2009 - 18 comments
When the Tui oil-field was opened last year, the operators (AWE New Zealand, 87.5% foreign-owned, ironically) were given permission to burn off 10 billion cubic feet of natural gas retrieved incidentally to the oil over the life of the oil-field. That’s actually a hell of a lot of gas, about 6% of what New Zealand […]
Written By: - Date published: 9:30 am, May 27th, 2008 - Comments Off on Pumps are baulking at the price of gas too
As the price of our petrol continues to climb, having recently crossed the $2 a litre barrier, spare a thought for some US petrol retailers who have a whole other set of problems to contend with. As the Washington Times reports: Like a lot of small-scale entrepreneurs, Cathy Osborne worries that she’ll go out of […]