04-08-2025, 10:12 AM
This is a well researched and written piece on the foolishness of Shane Jones' and the coalition's fossil fuel strategy.
https://www.rnz.co.nz/news/national/5688...rgy-crisis
The Key years saw crude oil prices peak at close to USD150 and decline to ~USD30. That peak coincided with Kupe flowing and 'payback' expected in mere weeks. Those days are long gone but Jones fails to see reality and continues to flog the dead horse. NZ needs to invest in renewables as Australia and the UK have or our electricity supply system will fail us, and soon.
Also worth noting that the Taranaki Think Big projects were built on the back of plentiful natural gas supply so their futures are now very much under threat. Those dominoes will topple as the gas wells are exhausted with major implications for their positions in the NZ export economy. Marsden Point has closed, Motunui looks likely to halt production again this winter and what of Ballance's urea plant? The buzzards are circling.
https://www.rnz.co.nz/news/national/5688...rgy-crisis
The Key years saw crude oil prices peak at close to USD150 and decline to ~USD30. That peak coincided with Kupe flowing and 'payback' expected in mere weeks. Those days are long gone but Jones fails to see reality and continues to flog the dead horse. NZ needs to invest in renewables as Australia and the UK have or our electricity supply system will fail us, and soon.
Also worth noting that the Taranaki Think Big projects were built on the back of plentiful natural gas supply so their futures are now very much under threat. Those dominoes will topple as the gas wells are exhausted with major implications for their positions in the NZ export economy. Marsden Point has closed, Motunui looks likely to halt production again this winter and what of Ballance's urea plant? The buzzards are circling.
