OMG diesel just hit $3 a litre in Auckland. 91 Petrol is over $3.15.
Anyone wants to figure where inflation gets its rocket fuel from, start there. Add RUC.
Every part of our energy-dense life from plastic to tarmac to food to clothes to building materials is about to get smashed like we ain’t seen. Every person on a fixed income poor or in-denial-poor are just getting ground into the dirt.
It is like the entire corporate oil world has turned all of our banking accounts into cocaine and is sucking it up into its nose with tight-rolled hundred dollar bills.
Out in front of us, for as long as the Ukraine-Russian war goes on, is a global fuel price war. And there is actually nothing this government can do about it, beyond just buying fuel for us like it were mothers’ milk. A 50-50 milk and cocaine.
And it gets worse. With the global spike in natural gas prices, government market regulators near and far are struggling to manage electricity generation.
This week the Australian Federal government intervened into the national electricity market and required generators to deliver.
This was in no small part because natural gas prices are so high globally that the gas-fired generator companies simply passed on it and kept exporting. I’d link but the complexity is head-exploding.
Minister Bowers has ruled out expanding the life of the coal-fired plants in Australia. The entire energy market in Australia was suspended. Don’t forget: like New Zealand, it’s a market not a network.
Lest we get cocky in little ole’ eNZed, in August 2021 we went into a near-total North Island blackout. There is still no regulatory reform after it, so we will get more total blackouts. Not so much as a raised finger. We have not even tried to get to the limits of what politics can do for our energy reliance. Addiction. Disease. Whatever.
Anyone close to the industry knows how big the accelerating stress on the Transpower central North Island network is. The Electricity Authority continues to put strong pressure on Transpower’s Asset Management Plan and its old central North Island assets so the renewals are far too slow.
This government is instead beset by yet anotherdecade to consent, then multiple further years to build – in this case the National Battery Project.
Our new Resource Management Act does not favour to renewable energy. Instead we are reliant on the National Policy Statement on Renewable Energy. I can tell you this: the net outcome of that is every new major project still takes a decade to consent, then multiple further years to build.
But we only have until 2030 to get to the 100% renewable generation, and 2040 to get to 100% carbon neutral. 7.5 years to fully renewable.
Under this government we are improving and this year we were at 90% renewable generation.
All that TBH is Wellington bullshit to any family. There’s nothing redemptive about it.
They in fact we are getting electricity bills through the roof, and petrol and diesel prices are just budget-ruining.
What matters right now is that we are one of the most car-reliant countries on earth, we are getting crushed by petrol companies, and for as long as the Russia-Ukraine war is going this is going to screw us for month after month after month.