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#Laniakea our home #supercluster.
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Ben Hocking (he/him)
16.8K posts
Ben Hocking (he/him)
@bmwhocking
Happiest Outdoors, Whitewater, Climbing, Gliding • Occasionally political, dislike accepting inequality as part of life • he/him
New Zealand Katılım Şubat 2010
2.8K Takip Edilen783 Takipçiler
@henrycooke It’s likely a pricing error.
The gentailers have hundreds to thousands of rates depending on the average transmission costs to get energy from their generation assets to your street.
Errors can happen, would suggest either giving them a call or using another company.
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*for a year.
is it because a 12 month term locks them into those power prices? bc both seem to note that the prices could change, although the open market one says they can change w just 30 days notice. is the open term me essentially losing a hedge on power prices spiking?
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electricity market heads - mercury want to offer me dramatically worse rates if i sign up for year than if i am on open term. i am very happy to commit (and they give you a credit if do) but it seems silly to for about 6c more a KWH. is it all to pay for the credit?
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@ChrisTheeJapie @Jakeruruku Wouldn’t help, Marsden Point was dependent on medium crude from the Middle East.
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@Jakeruruku Energy is of strategic importance. It’s not all about $$$. Closing it was criminal!
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It was cheaper to import refined fuel than it was to refine it ourselves. The discourse around Marsden Point is insane lol.
It’s purely based on emotions. People feel like it should have been cheaper. It wasn’t.
rnz.co.nz/news/political…
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@philthemod67 @jonburkeUK The extractions costs are very high compared to the middle
East & norway (who don’t need to add much pressurisation to wells).
When the global oil price falls, there is a reasonable chance company would need bailing out by the state.
Privatised profits, socialised costs.
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@jonburkeUK I’m pretty sure that if I knew there was no mineral left, I wouldn’t apply for a new extraction licence.
If there’s nothing there then why would companies apply, and why wouldn’t the licences be granted?
Methinks you lie.
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We don’t have ‘plenty of oil and gas in the North Sea’.
90%+ of our reserves have been extracted.
90% of those remaining are already under development.
The North Sea is will shed at least 45,000 jobs from 2024 to 2050.
A tiny amount of new supply will make zero difference.
Kathryn Porter@KathrynPorter26
So what? I'm past the middle of my life. Shall I stop getting medical care and stop learning new things because I'm nearer death than birth Being mature doesn't mean being useless We have PLENTY of oil and gas left. These are ASSETS we can use to boost tax income, support jobs, support British industry and yes, lower energy bills as every bit of gas we produce displaces more expensive LNG imports
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Where's the electricity going to come from to power it?
cmdibley@cmdibley
Those of us still driving ice cars are doing so for a myriad of reasons but we all know EVs are better & cheaper. Everyone I know intends their next car to be electric. We’ll all be there soon. And I can’t wait.
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@Mykuhl @Infideliter2022 Everyone thinks the price is ultimately going to go a lot higher than 2022.
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@Infideliter2022 The price is based in part on what they think it will go to.
They need to pay for now what's going to be arriving in 50 days.
To do that, they need to out-compete others buying refined products.
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7/3/2022 Brent Crude peaked at US$139.13/barrel.
91 Octane petrol in NZ averaged $3.10/litre.
Today 21/3/2026 Brent Crude is US $98.09/barrel.
Today in NZ 91 octane average $3.19/litre.
Can someone explain how this works?
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@PHILBEN94163773 @Infideliter2022 So with constrained oil supplies, the slots where the refineries have enough volume and fuel to actually run have become more expensive.
Marsden point wouldn’t save NZ from this.
Given MP’s age & lower efficiency, it would hurt us even more.
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@PHILBEN94163773 @Infideliter2022 Not strictly true.
Refinery costs have gone up because the fuel that heats a refinery hydro crackers & distillation columns has vastly increased in price.
Refineries usually need to preset >65% capacity to remain online.
Is a fluids flow thing.
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@JustADayZPlayer @HarrietCross_MP Laws, they were set up to stop undercapitalised companies building offshore infrastructure they have no financial capability to maintain or decommission.
The costs of building & on-lining extraction infrastructure are usually smaller than operational costs.
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Hmmm. I see what you're saying but I remain unconvinced. What if, for example, a publicly owned company, say a group of North sea riggers pooled together and bought the gear needed to drill and open a supply, (yes I know it's silly but bear with me) what would stop them selling to say another publicly owned company of say people that used to work in a nuclear site that had set up their own suppliers? You see where I'm going with this?
The government couldn't actually do anything could they? Take away the license, so they keep selling anyway.
I know I'm over simplifying it to a massive degree but I need to know where the end is. Purely because right now, it looks like fat cats getting fatter and there's more than one way to skin a cat so to speak.
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To those saying it will take years to get new oil & gas out the North Sea…
It won’t.
👉 Jackdaw - can be producing gas in 3 months.
👉 Rosebank - can be producing oil in the autumn.
Miliband just needs to approve them.
Everyday he waits, the further away this supply gets.
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@rathbunholdco @shiri_shh Growth potential.
Most cows globally are fed via grazing & that is controlled by traditional farm fences.
The cost to build a wire fence that can contain 100 fully grown cows within a grazing area is in the tens of thousands of dollars by the time you include machinery costs.
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@shiri_shh 700k cows * $6.5 a month average * 12 months = ~55m a year. How does this get 35x revenue?
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Farmer pays $5–$8 per cow per month.
A New Zealand company puts a solar-powered smart collar on cows.
It tracks location 24/7, health, temperature, chewing activity, breeding.
Farmer just opens a simple app and draws a line on the map.
That line becomes the fence.
As cows approach the boundary, the collar beeps and vibrates.
With one tap, the whole herd moves to fresh grass or the milking shed.
No physical fences. Less labor. Huge cost savings for farmer.
Already on 700k cows across New Zealand, Australia, and the US.
and now in talks to raise at a $2B valuation led by Peter Thiel.
Polymarket@Polymarket
JUST IN: AI cow collar startup Halter raises at $2,000,000,000.00 valuation, uses proprietary “cowgorithm” to herd cattle.
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@hobson1999 @7Kiwi That is pretty dam low for total cycle efficiency on a modern battery system.
Would suggest you have your overall system checked, you likely have some nasty parasitic losses somewhere in there.
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Zenobe Capenhurst spent £33.5m for a 100MW/107MWh battery installation. That's over £300/kWh, >3,000X your figures. Batteries can never compete with oil and gas because they don't generate electricity, they merely store it.
Ember@ember_energy
Batteries are a game-changer for grids and electric vehicles. With prices permanently below $100 per megawatt-hour they're now competing with oil and gas, writes Bloomberg's @davidfickling bloomberg.com/opinion/articl…
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@Nicoledso I would sadly argue current wealthier pensioners effectively shredded the social contract when they made most of Gen X + every millennial & zoomer:
Pay for their own further education, then blew up the housing market & built almost no infrastructure from 1990 to the mid 2010’s.
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@bmwhocking I just think if you’ve paid in you should get out as promised. I do think you should claw it back via the tax system. Pensioners should pay National insurance like everyone else
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I don’t know… there’s an awful lot of working families out there really struggling to make ends meet who won’t qualify and you will give it to people on benefits, many of whom don’t work. I really don’t think this will go down well with those doing everything right
Sky News@SkyNews
With prices continuing to rise in the UK and global uncertainty adding to the financial pressures, @HarrietHarman says the government should only help the people who are struggling the most on this week’s episode of Electoral Dysfunction. Listen now 🔗 trib.al/50TPzDp
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@Nicoledso You are a far kinder person than me.
A Elderly couples with a combined net worth > £800k don’t need a state pension.
Should direct govt spending at younger generations & their children.
Australia means test their pension if a couple‘s assets > $1.5m Aus or > $1m for singles.
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@Nicoledso Could means test state pensions…
That would free up a lot of cash pretty quickly.
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@bmwhocking I don’t think she did. “Anyone struggling” will amount to a HUGE support package not far of Liz truss levels. We can’t afford that.
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@Wired__One Govt could Capitalise them to build a sizeable BESS at Transpower substations & contract &/or build/operate liquid fuel storage around NZ.
I figure a $5B or $10B overall setup cost will pail in comparison to what this oil shortage could end up costing NZ.
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@Wired__One Would love to see a “Energy Reserve of New Zealand” created from this.
Setup similar to the reserve bank & given a dual mandate to keep the wholesale electricity price within defined bands & ensure sufficient liquid fuel stockpiles around NZ.
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This fuel "crisis" should wake Kiwis up to how unprepared we are for foreign shocks.
We need to ensure we have enough storage for unforeseen events. And we need to prioritize independence for all of our critical resources.
It’s about incentives, regulation, and willpower.
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@JustADayZPlayer @HarrietCross_MP If the company isn’t profitable, the decommissioning funds don’t get filled & the taxpayer may have to cover decommissioning.
In the early 2010’s George Osborn was forced to give oil extractors large retrospective tax credits to decommission their old infrastructure.
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@JustADayZPlayer @HarrietCross_MP They need approval to sink production wells and extract.
The issue is, they are higher cost fields per meter cube of gas or barrel of oil.
If / when the price drops, the companies involved may or may not remain profitable because their production costs are high.
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@AlanWilkinsonNZ @MichaelFieldNZ We work in a capitalist global society.
The more capital you have, the richer you are & bigger plays your economy can make.
Natural resources do not remotely guarantee wealth or success.
Russia, sadly most of Africa & a fair chunk of South American are proof of this.
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@MichaelFieldNZ No superannuation fund is going to make a nation rich. Only its people can through work or selling its resources. Singapore worked hard and smart. NZ now has largely been "educated" into stupidity and ransacked by racists. So we are sliding down the wealth chart.
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So, boy, you were not around when Rob Muldoon & National Party gang killed superannuation scheme which, if continued, would have made Aotearoa NZ today richer than Singapore? You'll learn it later in your high school years...
Matt King Northland@MattKingNorth
This NZ Labour cabinet were responsible for the single biggest act of economic sabotage in our lifetime allowing the shutdown of the Marsden Point oil refinery.
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