NZ is so laid back we are going into a fuel crisis economic meltdown almost horizontal

New Zealand’s fuel crisis is no longer some distant global tremor — it is here, it is economic, and the Government’s response feels like a scented candle at a house fire.

We are such a laid back culture, we are almost horizontal.

The assurances from our Government are nothing more than empty prayers and thoughts.

We are being tricked with 5-day-old data being used to keep the sleepy hobbits from bolting once they understand the real fuel scarcity and looming price destruction.

The fuel crisis New Zealand is pretending not to see

The Chief of the IEA is very clear…

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

The oil crisis triggered by the Iran war has changed the fossil fuel industry for ever, turning countries away from fossil fuels to secure energy supplies, the world’s leading energy economist said.

The Guardian

…the Government’s response is an LNG gas terminal that no one seemed to consider might see price spikes…

Government’s plans for LNG terminal didn’t model international price spike

Modelling done for the government on its plans for an LNG terminal did not consider the effect of an international price spike, documents show.

A climate advocate said the decision not to model price volatility was “remarkable” and raised further questions about whether the planned facility was a good idea.

However, officials said although the current conflict in the Middle East had created volatility in LNG prices, longer-term price projections were still in line with the information the government based its decision on.

The government announced in February it would proceed with plans for a liquefied natural gas (LNG) import facility in Taranaki, with the billion-dollar plus cost paid for through an electricity levy.

The proposal, widely criticised at the time, has attracted renewed opposition after Iran’s closure of the Strait of Hormuz prompted the price of fossil fuels – including LNG – to spike.

RNZ

…the Government’s three ongoing scenarios are all worse than the current economic pain we are going through!

Govt reveals worst case oil shock economic scenarios for NZ

The Finance Minister insists the Middle East oil crisis will only “delay, not derail” New Zealand’s economic recovery, as officials take the unusual step of reopening Budget forecasts amid wild swings in global energy markets.

TVNZ

And then the economic pain hits a country already cracking

This as society is fragmenting because the surest system of capitalism is so rigged in favour of the elites and the rich…

Financial stress is fraying New Zealand’s social fabric as trust and unity fall, new report claims

A new report is warning New Zealanders the “country’s social fabric is fraying on almost every measure”, amid growing isolation, financial stress and institutional distrust.

Findings from the Helen Clark Foundation’s second annual Social Cohesion in New Zealand report were “both frightening and hopeful”, economist and report co-author Shamubeel Eaqub said.

“New Zealand still has strong foundations, but there are growing cracks in how people experience fairness, opportunity and connection,” Eaqub said.

“Financial stress is the dominant driver.”

NZ Herald

NZ is so laid back we are going into a fuel crisis economic meltdown almost horizontal.