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Petroleum

PETROL PRICE DROPS BELOW $2

$2 gas? Yep. Right here in NZ.

~Posted by Horiwoodblog, Aotearoa New Zealand, Polynesia Asia-Pacific. 20.6.12~


NICARAGUA, CHILE, INDONESIA, SINGAPORE ARE READING – 11.6.12

Free to view from Around the World – Who is reading today?

We’re reading from: New Zealand, United States, Australia, Canada, Chile, Indonesia, United Kingdom, Nicaragua, Malaysia, Republic of Korea and Singapore.

So, what’s up?

In Chile: After a documentary of propraganda screened, Chilean police clashed with anti-Pinochet demonstrators.

In the South American Cup Group of the soccer, Chile trounced Venezuela to get to the top.

In Indonesia: From Jarkarta, the Indonesian government will study the possibility of building a 300,000-barrel-a-day refinery in Sumatra.

In Bali, going green means building schools with bamboo, instead of concrete.

In Singapore: The stock market rose today with Olan news.  Singapore’s Air Scoot, says to the US & Europe, fly to us. And, Bloomberg news is slow to pick up on the fact that Aussie millionaire, Nathan Tinkler is immigrating from Australia to Singapore.

Finally, In Nicaragua: Nicaragua is pressing ahead with plans for a new $30-billion Panama-style canal linking the Atlantic to the Pacific, with China, Japan and South Korea backing President Daniel Ortega‘s draft bill. Japan, Russia, Venezuela and Brazil also are showing approval signs. The proposed freight waterway may include a part of Costa Rica.

Project director Eden Pastora says feasibility studies are expected to cost $350 million while actual construction could hit $30 billion. Eden said the project would be carried out by a joint venture in which the government would own 51 percent of shares and tenders would be issued for the remainder.

[Photo caption: A cargo ship is seen passing through the Miraflores Locks in the Panama Canal in April - AFP File, Juan Jose Rodriguez]

~Posted by Horiwoodblog, Aotearoa New Zealand, Polynesia Asia-Pacific. 11.6.12~

GREEN PINE GAS (GPG) – NEW ZEALAND – MAY 2012

I was thinking… unless we think greener, our planet is being consumed too fast.

So, what if,

Entrepreneurial Iwi (Maori tribes of New Zealand in conjunction with Pakeha Kiwi tribes) set up pine energy hubs. The energy produced from pine tree wood pulp processing could then be fused into petroleum produced from New Zealand.

The resulting fusion of petroleum could be called Green Pine Gas. The new gas would be an expression of being more earth conscious in making a start towards renewable energy powered lifestyles.

Green Pine Gas (GPG) could be made up of the 20% pine gas fused into petroleum (oil based) fuel mix. GPG could be offered at gas pumps alongside normal fuel, to give people the option of saving the planet in their fuel consumption choices, if they wanted to.

If the idea was a hit at the pump, then we’d perhaps all be setting a trend to save the earth 1/5th more with cars’ fuel useage, than we currently are in the world. It’s a start to living a bit smarter on the roads of the world with our mobility habits that constitute our lifestyles we live currently.

What do you think of this idea? I know that some descendants of Ngati Whatua Maori tribe for example own a forest of pine trees.

[Photo - Woodhill Forest courtesy of Southern Edge website].

~Posted by Horiwood.Wordpress.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 4.5.12~


OIL VAMPIRES, NEW ZEALAND NEWS – THE LATEST ON HOW MUCH DO WE BLEED OIL, GAS, COAL, GOLD, SILVER, COPPER RARE EARTH MINERALS

Reading news from the weekend gone, I catch up on the fracking debate in New Zealand. I also check out what royalties are being paid for what fossil fuels and minerals and precious metals in other parts of the world. I also look at whose in favor of fracking and what nations are steering well away from it. Here’s what I see:

Mining royalties of 8% are too low. It’s a “pound of flesh” issue the fossil fuels game, where the landscape will never be the same again. No cheap skate buyers allowed.

The NZ Government wants to accelerate oil exploration by 50%. 17 basins need to be scoured heading for the government’s $12 billion target.

Oil and gas creates 3700 direct jobs in Taranaki alone. “Most of them” (the lower paying jobs) are taken by New Zealanders. The higher paying jobs go to foreigners who then become citizens.

Oil and minerals are worth over $4 billion (declared income) to New Zealand as at April 2012.  The mineral wealth sector could triple its profits to $12 billion a year or more. The government has a gold, coal and oil lust on its hands to manage. However drilling, mining (and even fracking) are the methods used to appease this lust in the world.

Oil and gas are the 4th largest export industry in NZ. In Taranaki, the 3700 jobs stem from the oil and gas industry. Dairying provides 2500 jobs, and tourism – about 2000 jobs. (more…)


BUG EYED POLITICIANS SOLD ON HOW OIL EXTRACTION VIA FRACKING IS GOOD FOR NEW ZEALAND

[Picture - An oil painting for kids - How Stuff Works].

Should New Zealand just remain an oil and petroleum rich natural haven and just have… no “American” friends?

Although dolphin deaths are being blamed on oil exploration, the New Zealand government is intent on giving USA, UK et al (China) what they want – oil exploration’s extraction of fossil fuels from New Zealand.

Energy and Resources Minister Phil Heatley cites Taranaki as his model of success noting 3000 jobs were created there off the oily back of oil extraction and sending New Zealand’s oil elsewhere in copious quantites, that are set to escalate rather alarmingly in time.

Heatley also says, his government is looking to boost oil exports from $3 billion to $12 billion yearly. He claims (that aside from global shareholders of oil companies and foreign oil co-ordinators shifting New Zealand oil around the world – making the big dollars off New Zealand) that whatever does come back to New Zealand in the oil-shifting games, that “the money could help fund schools, hospitals and paid-parental leave,” he said.

Phil sees oil (petroleum) and gas extraction “sitting neatly beside dairy and tourism” in Taranaki, and in his one view he thinks, “there’s no reason why other regions can’t do that.” He also sees New Zealand’s East Coast and South Island’s West Coast as perfect for increased oil, gas or petroleum extraction.

His argument rests on the fact that the average job of oil industry money pays $70,000 pa.

Contrary to the findings of Christchurch City Coucil’s leadership team when looking at scientific research and numerous case studies all over the world of fracking’s effects of increasing earthquakes frequency in places where fracking happens and damaging water supplies too, or in some cases – destroying soil with toxicity levels for agricultural purposes for years later post extraction and the initial point of sale – Mr Heatley is still all cool with fracking.

In fact, Mr Heatley says “he had “no concerns” about hydraulic fracturing, where water, sand and chemicals are blasted into the ground to extract gas or petroleum.” Again he sites Taranaki as his twenty year case study of fracking being used.

What do you think? Do you think Mr Heatley’s views are right? Or, if you’re a lover of landscape in the current form that New Zealand has enjoyed for centuries, does New Zealand need a change of government? Or, is there a balance between the two? If so, what is this balance?

Politicians are being encouraged to give over all of a country’s gasoline, oil, petroleum, gas, fossil fuels to BigOil companies. The bribes are tremendous from these companies infiltrating all levels of power in the world. Banks also drive oil extraction games too quite substantially – taking their cue from the world bank’s execs – some of the biggest oil shark creators and fossil fuels shifters of us all.

So, with all due respect to Phil, it’s not as if you can take politicians words too seriously on the matter of oil, is it? Globally, the game is already rigged, long before it gets to MPs of NZ. And, there’s more important things in this world than someone pushing print on bits of paper with an ink press, floating it as “money” to get oil and fossil fuel supplies moving their way. (America & China!).

Just as a balancer to Phil’s comments (and God bless Phil always), the Oscar nominated documentary Gasland also features above – not in favor of Hydraulic Fracturing.

Between this documentary and what Phil posits, is a balance of truth – New Zealand must find for ourselves. We need to be secure in what we have, outside of bribes from those operating in false economies with ‘over-printed’ “money.” Multinational gas companies, don’t care about the landscapes of the territories they extract oil and fossil fuels from – why perhaps they’re perfect to do the job. They have zero emotional ties to history of forefathers legacy on landscapes they extract as much as they can get away with, from. It’s the first I’ve known for example that twenty years of fracking has been going on in New Zealand.

People can get sick and lesions can occur in their brain when fracking goes wrong. Again, watch the Gasland documentary.

In the oil game, the guys in the suits sound so convincing when assuaging valid concerns that fracking could be bad in some cases. By the time the real effects happen, once the land has been stripped – the guys in the suits are mysteriously, no longer there. New guys in suits have replaced them. This is why, we must look at what Phil’s saying and also do research into the matter (like Christchurch City Council have done for their own region’s future direction -obviously agriculture and other means of income gathering etc instead of fossil fuels fracking in Christchurch) about what oil companies designs are for New Zealand and the permits, that someone issued them to give them access to extract from NZ whenua.

If, little to no harm occurs, than what Phil is positing could be a valid way forward for New Zealand. We do have bills to pay in an environment where NZ is being pirated too much, quite frankly. However, if this is not the case with fracking’s effects as Phil seems to think at this moment and time it is okay, then why take the risk? No amount of money should matter if Aotearoa is going to be irrepairably destroyed longterm.

Watch this video trailer.

GASLAND – (2010) Directed by Josh Fox. Winner of Special Jury Prize – Best US Documentary Feature – Sundance 2010. Screened at Cannes International Film Festival.

~Posted by Horiwood.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 15.4.12~


KEA PETROLEUM ANNOUNCES MORE OIL WILL BE TAKEN FROM TARANAKI – A NEW SOURCE ANNOUNCED

The story goes:

  • London-based Kea Petroleum has made its second potentially commercial oil strike in the onshore Taranaki Mt Messenger reservoir sands, and will begin flow-testing shortly.
  • The Puka-1 well, east of Stratford, found a 40 metre interval at 1400 metres depth, indicating “a minimum of 4.5 metres of moveable hydrocarbons in good reservoir quality sands”, which it expects will be a “light oil, somewhat gassier towards the top of the interval.”
  • Kea found uncommercial quantities of oil in its Wingrove-2 well last year, which was abandoned, and is due to drill the Mauku-1 well in a joint venture with methanol producer Methanex this year.
  • On Puka-1, the company said “both the depth at which these sands were encountered, and their extent, are in line with pre drill expectations, and at this stage the company has not altered its original estimate of gross recoverable resource of one million barrels with a potential upside of up to three million barrels.”
  • The timing of initial flow testing will be determined by the availability of equipment.
  • The AIM-listed Kea’s share price was up 5.6 per cent to 9.63 pence following the announcement, having roughly doubled in the past year, having fallen from almost 13p in mid-2011, and peaking in mid-2010 at around 28p.

- NBR – BusinessDesk

My questions are: What is the total value of oil being extracted from the land? What is its added value once refined offshore vs what is paid to New Zealand citizens for the oil’s initial extraction. What do Taranaki Iwi get from the extraction payments? What are the effects to the environment on Taranaki landscape and people? Who is Kea Petroleum onselling the oil to, and for what purpose are the end users of the oil – using the oil for?

What fracking techniques are being used? And what are the studies of these effects on the enviroment? The long term effects to soil and water supplies etc? In addition – what designs does Kea Petroleum have on Northland when it comes to oil extraction? What will be the return to Northland people? What will be the return to Maori Iwi of Northland for extraction of these resources too? With such accurate seismic surverying conducted – Kea Petroleum is hooked up to make many people in the world a lot of money, from New Zealand oil… right now. That explains ‘the added weight, upon New Zealand,’ you feel returning here. Needless to say – Kiwis should buy shares in Kea Petroleum! 

[In tee shirts slogan news: The Union Jack, Vampire Tee - Melrose Avenue, California].

~Posted by Horiwood.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 11.4.12~


BIZ SPOTLIGHT – CHRIS LIDDELL’S RUSSIAN BIZ CONNECTIONS

In New Zealand we have a $6 trillion trade opportunity through renewable energy horizons ahead. That excites me.

One of the requests today in the blog search engine was for “Chris Liddell in Russia” news.

When I first read about Chris, a while back, I was like… is he a famous ta moko artist? Why isn’t his name Derek? who is this guy? Reading, I quickly learned that Liddell was the dude who went “from cars to milk,” before you could say the words “New York Beef Wellington.” He made mega bucks in a very quick time for GM. The move into milk was to get onboard New Zealand’s biggest market earner – dairy protein supply chains.

The Wall Street Journal gives this snap shot of Liddell from a few days back that pertains to Chris’ biz connections in Russia: “Chris Liddell, former chief financial officer of General Motors Co., pauses during the 15th Annual Investor Conference organized by Renaissance Capital in Moscow, Russia, on Monday, June 27, 2011. Russian Finance Minister Alexei Kudrin talks about the outlook for the Russian economy and its dependence on oil and gas production.” Photographer: Andrey Rudakov for Bloomberg.

Okay… so we all know that cars and the whole push behind car sales are really “fast-wallets-with-wheels” for mega-rich oil ventures. Reading Petra Ecclestone news in Los Angeles, clearly tells anyone that… so, how heavily involved is Chris working with Russia now? Add any comments, if you like.

Cheers.

In reading Chris Liddell news, I also liked this article about being environmentally conscious about oil spills and green stuff like that, penned by Phillip Mills – a trustee of Pure Advantage of whom Chris Liddell is on the board of. The aim is to promote green strategies more.

I reckon, if you can’t stop Oil Vampires encroaching on “give us more oil” narratives at the alarmingly fast rate they do their thing, then you can at least develop sustainable green strategies more, so that people think before they drink, before they drive, with your oil. Always invest in green, if investing on the stock market in energy stocks, in conjunction with car sales stocks – so you can get to sleep at night. It’s best to perhaps buy equal amounts of shares in green energy development companies stock, if you are holding in your hand a stack of oil shares too.

I kid when I say oil vampires… simply because, wherever the most cars are in the world (or the coldest climates are) that’s where a lot of the oil in the world is going and being burned rather quickly.

In New Zealand we need to see the government commit (by law hopefully, or by conscience vote, if they can find… time..to) the assigning of mega R&D money towards sustainable energy fuel alternatives in partnership with any moves forward on the chess board regarding energy assets sales, marketing these and distributing these areas. Then maybe, we’ll ensure a business model evolving that is not actually raping a nation’s environment of fossil fuels too wrecklessly, or being, puppeteered by external forces who “want more. now.” We have to control the demand. We owe it to our grandchildren, not yet born to do this and manage in this way. (more…)


THE HORIWOOD TOP TEN – SATURDAY 3.12.11

The Horiwood Top Ten today are:

1. Carlos Spencer is fighting fit for cancer awareness 

2. Natalia Avseenko rolls in the deep with Beluga whales

3. Reality TV stars: Paris Jackson, Prince & Blanket

4.  Maori word for the day – Karikari

5. Boxing News – The Horiwood Top Ten – 1.12.11

6. From the hat – Search Trends 2011

7. Charlotte Moor, Anthony Boric hit up a rugby shing ding

8. Alecia Moore 28th most voted star 2011

9.  Julia Gillard‘s Wikicoup

10. Winston Peters is voted grey power’s preferred pin up boy 2011-14

3 hours ago - Millions of Americans grew up going to bed by mimicking the famous chorus, “Goodnight John-Boy, goodnight Jim-Bob,” and now the Waltons family has been reunited to celebrate the 40 year anniversary of the classic TV hit, The Waltons… http://www.radaronline.com/

Rather than run the Waltons: Here’s a Kiwi version of The Waltons. Let’s try Monteiths breweries PR clips about beer craft.

New Zealand News: 

Ceremony to honour the environment-friendly legacy of Sir Peter Blake

TV3 – Solid Energy faces public over mine safety

NZ shares mixed; Chorus sinks on exit from indexes

TV3 Elections Humor – Egypt elections “highest voting turnout since Pharaohs”

Video – Australia’s big banks (in NZ) have credit ratings cut

Muppets Post Election Humor - How to make a chap Christmas dinner for all non-Parnell residents

5.3 earthquake strikes near Tokyo

Hidden killer of men ‘low on health agenda

In Floating Real Estate Economies News: virtual ‘personal island’

Fight for Life contenders weigh-in

In very dry Australian News - Water Supplies is the no.1 star of today’s paper.

In Tui Awards Ozzie-Oscars News: Australia didn’t object to Assange chase

Auckland Breaking News- 42-year-old man discovers “weird” trick to slash electricity bill by 75% in less than 30 days.

These ships sail by, packed full of sales ahead. Rachel Wells- Port Phillip bay fills with container ships bearing toys from across the ocean and heavy with the hopes of retailers across the country.

Irrigation & the battle for the food bowl: Murray-Darling river system is deep and permanent. Nowhere is this more apparent than in the Goulburn Valley, which after 125 years of irrigation, is today an intricate network of channels and dams that smooth out the vicissitudes of climate and rainfall. Read more.

Black gold rush as canola top of the crops

River communities group ‘a front for big business’

Hollywood’s Robert Redford and Ms. Q’orianka Kilcher - Sundance Film Festival - Photo: Archives

A Different View – American News via Peru: 

Is the US really best-suited to back Peru’s anti-drug program? Oh, please!

UN Recommends Opening Drug Chemical Center In Peru

President Humala in New York For UN General Assembly

IDB may provide $500 million for public works

Korean air begins flights to Peru.

BigOil Summit Wrangling News: Humala to Travel to Venezuela, Mexico for Summits.

Twenty-six children dead because of extreme cold in Puno so far in 2009

Mayor Resigns Amid Threats During Newmont Mine Protests The mayor of Celendin, the town at the center of anti-mine protests against US-based Newmont’s Minas Conga project in Cajamarca region, has stepped down amid death threats, according to daily El Comercio. Mauro Siles resigned and left Cajamarca when he received threats following rumors that he had received money from miners, El Comercio reported.

“As a result, because there are no guarantees that I’ll be able to do my job, I’m stepping aside as mayor. Maybe then they will be satisfied,” Siles was reported as saying. Read more…

Asia Pacific News via Wall Street:

Coke Says China Juice Drinks Aren’t Toxic

Suu Kyi Backs U.S.-Myanmar Contact

Minister: China Can’t Rescue Europe With Reserves

Italy’s Monti to Unveil New Austerity Program

China’s Bind: How to Avoid a Crash Landing

Chinese Bank President ‘Embarrassed’ By Riches

Shell to Exit Syria

Australian Banks Upbeat Despite S&P Downgrades

Hong Kong Mega IPOs Lure Buyers

~Posted by Horiwood.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 3.12.11~


QUOTA % DEBATES AHEAD – OVERFISHING IN THE SOUTH PACIFIC OCEANS – END OF THE LINE

Some people love over-fishing the world’s ocean waters and resources. Nations that have aspirations to be perceive themselves as superpowers, conveniently love to rape, pillage and plunder the earth’s resources, even if they are outside their jurisdiction or allocated global territory. A free market, means that these superpowers can buy at a country’s agreed price for these resources in solid trade deals. Fish, are always at risk of being overfished. They are a metaphor for fossil fuels fishing and acquistion too.  In New Zealand, we’re about to up our maritime maoritime water presence in the years ahead.

I like the issues outlined in the documentary, The End of The Line, that focus on “where have all the fish in the ocean gone?” Blue fin tuna have been totally overfished. Their declining population has now moved on to other species of tuna.

With its beautiful Celtic overlay music on the documentary soundtrack, The UK funded documentary highlights the fact that there must be better laws surrounding overfishing. It clearly points the finger at Taiwan for stockpiling blue tuna stocks caught greedily at sea each week.

The documentary can appear to be slightly xenophobic but it does raise the issues of nations with fish-heavy diets, getting more than their fair share of fish, than perhaps some other nations. (more…)


WILLIAM RAMOS – BASEBALL KIDNAPPING AND BLACK CAPS CRICKET NEWS

William Ramos - Washington Nationals baseball player has been kidnapped. USA Today’s updates of the story via The Washington Post report that, “Venezuelan police say the vehicle used to kidnap Ramos was found 25 miles west of Valencia. Justice Minister Tareck El Aissami said: “We have the duty to find who is responsible and to rescue this countryman of ours, safe and sound.”

ABC News writes: “New details emerging this morning about the kidnapping of Nationals catcher Wilson Ramos outside his home in Venezuela, roughly 13 hours after the kidnapping took place. Police say they’ve found an abandones SUV they believe was used in the abduction. There has been no indication that the kidnappers have contacted Ramos’s family. From the Washington Post: A spokeswoman for the Aragua Tigres, Ramos’s winter league team in Venezuela, wrote on Twitter this morning that they have yet to receive an update on the situation. “We are still waiting for any news about Wilson Ramos,” Katherine Vilera said. “All the authorities are working in the case. We need to be [patient] and pray.” Even with the kidnapping Wednesday night, Venezuelan winter league president Jose Grasso told a Venezuelan television station the league will continue to play its season. Several Nationals players, including Venezuelan natives Jesus Flores, Henry Rodriguez and Sandy Leon, are playing in the league. “Suspending any ballgames will not help Wilson Ramos at all,” Grasso said. “Turning the lights off is not a solution. We will keep Wilson present in our thoughts and prayers, but suspending activity won’t help.” The Nationals have yet to offer a public comment or acknowledgment.”

USA Today adds, “Several MLB players, including Nationals pitchers Colin Balester and Drew Storen, as well as Phillies outfielder Shane Victorino and Yankees pitcher Joba Chamberlain have also sent out messages of concern and support on Twitter.

“Extremely upsetting news about Ramo. Thoughts and prayers with him. Scary situation,” tweeted Storen.

Ramos was acquired by the Nationals from the Minnesota Twins at the 2010 trade deadline for pitcher Matt Capps. He hit .267 in his first full season with the Nationals in 2011 with 15 home runs and 52 RBI in 113 games.”

MLB and the Washington Nationals have released a joint statement regarding Wilson Ramos:

“Our foremost concern is with Wilson Ramos and his family and our thoughts are with them at this time. Major League Baseball’s Department of Investigations is working with the appropriate authorities on this matter. Both Major League Baseball and the Washington Nationals have been instructed to make no further comment.”

Meanwhile sports news in New Zealand, focuses on cricketer Chris Martin of the Black Caps, being awarded, “the first-ever Sir Richard Hadlee Medal at the New Zealand Cricket Awards in Auckland last night.” TV News Chat Shows broadcasting coverage featured golfer Frank Nobilo smoothing over the Adam Scott, Steve Williams and Tiger Woods golf strains in Australia, over Williams ‘racial slur’ joke, meant in jest – that Woods forgave Williams for.

For more golfing news, head to Golfing World Website (USA) a Microsoft Corp friendly golf website with a feature on the China Golf Challenge.

For updates on William Ramos’ kidnapping – Los Angeles Times Blog is pretty up to date on this news too. Who can’t help but feel for Ramos and his family. It must be so scary being kidnapped.

About Venezuela: “Venezuela is listed as possessing some of largest oil and natural gas reserves in the world. It is ranked regularly among the top ten crude oil producers in the world. Oil exploration in Venezuela has unleashed another 40.4 percent in crude oil reserves as of 2010. Venezuela has now surpassed Saudi Arabia as the country with the largest reserves of this type. On Petroleum supplies Venezuela is also very attractive to the US as well.

Let’s get back to Ramos kidnapping news though. Washington Post has video news here: NEW: Video: Nats’ Ramos abducted in Venezuela  |  MLB reaction

What a story!

[Photo -William Ramos USA Today. Photo Chris Martin - Getty Images]

~Posted by Horiwood.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 11.11.11~


ELECTION HUMOR NEW ZEALAND 2011 – SALMA BLAIR WORKS THE PAPARAZZI

Did I mention, we’re in an election campaign in New Zealand. Actress Salma Blair reminds me in this video clip, of what our politicians are doing.

They’re doing tricks with money, teaching people how to read. If pressed, they can even create gas flames, like magicians.That’s fabulous! Amazing.

Very Hell Boy. Watch at the 2.30 mark.

Too funny.

(Darn paparazzi!!!)

~Posted by Horiwood.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 28.10.11~


PETROLEUM EXTRACTION – PROS AND CONS – PART II

As it’s Halloween, I thought I’d entertain an “energy vampire” (I kid), on my blog today as guest commentary.

Previously today, we looked at the dangers of petroleum companies (gone wrong), when it comes to gas extraction and fracking (the process that causes an increase in earthquakes, as it creates mini-earthquakes to release petroleum underground). It also involves millions of litres of water, to do so. There’s an informative documentary found here @ Fossil Fuels, that opens up the realities of this.

Today, John Pfahlert, is a paid publicist trying to convince us in New Zealand, that increased petroleum extraction is smart. As the latest “pteroleum vampire” to raise his head today, regarding New Zealand coastal areas and whenua, here’s his views: Good or Bad? John’s press makes the Ministry of Economic Development appear to be the Ministry of Economic Extraction as what do they actually CREATE, not TAKE. But, oh well.

Rather creatively “John” writes: The sinking of the Rena has contributed to the ongoing debate about whether New Zealand should seek to capitalise on its untapped petroleum reserves. There is a perception that foreign exploration companies provide little or no benefit to the economy while threatening our environment.

The truth is that the contribution of the oil and gas to our economy is more significant than most people realise. While it is broadly understood that a discovery will result in petroleum miners paying royalties to the Crown, there is confusion over the true level of royalties payable.

Royalties are only one portion of the industry’s economic contribution to the economy. We also make a substantial contribution to the corporate and employee tax base, as well as to the wider economy in terms of employment and infrastructure development.

The Ministry of Economic Development estimates that (more…)


GASLAND FRACKING AWARENESS – PROS AND CONS – PART 1

How much of our nation’s energy veins, do we slit for the petroleum vampire? Health problems from people living near gas fields and earthquake risks from fracking by petroleum companies are some side effects of a gas company (most of them are foreign owned in NZ) – mining gas in our territories.

Believe it or not, gas and oil companies hire thousands of PR and social media people to target new nations with gas and fuel resources. They manipulate a nation’s consciousness, to get them to agree to give up their energy resources, for the cheapest agreed price possible. If they don’t market night and day to do this, than some nations can’t turn their lights on. Many Western nations, we look up to, don’t have hydro-generated electricity. Oil, coal or nuclear is how electricity is made in nation’s like Australia (95% coal), the US and China (70% coal). So, when a singer like Beyonce sings Turn The Lights Out, she means it.

Fossil fuels consumption is an addiction. Some nations are more addicted to abuse of fossil fuels than others. Gas and petroleum are topics consuming New Zealand today. Gasland is a good documentary (Oscar nominated) that outlines the bad stuff about petroleum companies.

Health problems from people living near gas fields and earthquake risks from fracking are some side effects of a gas company (most of them are foreign owned in NZ) to our world. In Gasland we are given a rare chance to think twice about the potential cost of turning on a gas stove. How will this effect our love of BBQ-ing in New Zealand?

~Posted by Horiwood.Com, Aotearoa New Zealand, Polynesia Asia-Pacific. 28.10.11~


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