Which is it minister, seven years or fifty years?

Another inept minister out of her depth has been revealed. It is Megan Woods, who seems to be at odds with other ministers: Quote:

The Government insists there’s been?no work, plans or announcements around banning coal exploration despite New Zealand signing up to a pact to phase?coal?out of?power generation by 2030.

In November shortly after the Labour/NZ First/Greens government was formed, Climate Change Minister James Shaw headed to Germany where he told the COP23?conference that New Zealand intends to become a leader in the global fight against climate change.

While there he signed New Zealand up to the international “Powering Past Coal” alliance, which is committed to phasing out the use of coal for electricity generation.

The alliance is led by Canada and the UK but Australia and some of the world’s biggest coal users like China, India, the United States, Germany and Russia, didn’t sign.

On Sunday, Energy Minister Megan Woods said no work had been done by the Government on banning coal.

“We have made no announcements about ending coal, and we certainly haven’t done any work,” she told?Q+A.

“What I’m saying is there are no plans to do that. We haven’t done anything.” End quote.

Whoops. Never mind power generation. What about steel manufacturing, which uses tonnes and tonnes of coal? Have the government told NZ Steel that their business is now rooted? If that wasn’t so bad, then there are her contradictory comments over the oil and gas exploration ban: Quote:

There could still be oil and gas exploration going on in New Zealand in 50 years’ time, despite government moves against the practice, says the Energy Minister.

The government has decided to stop issuing new permits for offshore exploration as a means of tackling climate change.

But Megan Woods says current permits will continue until at least 2030 and some exploration and mining work could be extended as far as 2070.

She told TVNZ’s?Q+A?there were currently permits for offshore exploring covering an area equivalent to the area of the North Island, and it was likely some oil and gas will be found.

“There’s 100,000 square kilometres of New Zealand that is currently under exploration permits. Now, that’s roughly the size of the North Island, which is 113,000 square kilometres. You’d probably look at a 10 percent to 15 percent chance is what the industry would say of actually finding something.”

Which is all well and good, except once they discover something they have to apply for a permit to drill it and mine it…and what do you the think the chances are of the government allowing that? Another petition from Greenpeace and it is all over. End quote.

Even so, that statement is at odds with the one she gave Richard Harman… which suggests the government have a massive problem on their hands with their decision to ban exploration. It seems we don’t have as many reserves as previously thought. Quote:

Energy Minister Megan Woods yesterday confirmed that the country may run out of gas in seven years.

She made the comment on TVOne?s ?Q+A? and later confirmed it to POLITIK.

The revised figures come after the Government announced that it would no longer offer offshore petroleum exploration blocks for tender.

Together the lower level of reserves and the end to offshore exploration dramatically change the outlook for gas supply in New Zealand and could have profound implications for retail electricity prices.

The latest Ministry of Business, Innovation and Employment statistics available are for 2016 and project an 11-year outlook ? which would mean that from this year there would be nine years of reserves left.

However, the Ministry is currently revising those figures, and some believe they might even revise the seven-year outlook down though Woods says she is not a pessimist.

A similar outlook for seven years was also forecast year by the International Energy Association who estimated that there were ten years of reserves.

The change In timeframe is important because it cuts the amount of time that oil explorers with existing permits have to get any new wells up and running if there is to be no gap in supply.

And it puts immense pressure on electricity generators to build new renewable generation plants from wind or geothermal.

If they can’t meet the seven-year deadline then it is likely that they will either have to import gas or use coal to run stations when demand peaks.

It will put pressure on electricity prices as the generators try to generate revenue to finance their new plants. End of quote.

So, which is it minister? Plenty of oil and gas or just seven years left? No power station is going to get built inside seven years with the Resource Management Act that NZ First and Labour refused to reform.

This is bad for the government. They’ve done their virtue signalling, and now people are starting to realise that, in just a few years, the gas BBQ they bought won’t work, and neither will their gas heating, instant hot water system or any other gas appliance. Not to mention the huge industries that employ thousands of workers and also rely on gas.

They’ve done it to themselves and they can’t blame the previous government for this. They are tanking the economy because they have no idea which parts interconnect with which other parts. The impact of their oil and gas exploration ban is immense but the fools just think it affects a single sector.

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