Articles from ‘elocal magazine’ in ‘Energy’

by Tyler Durden · Summary · Trump: "The [price of] gasoline and the oil will go down rapidly once the war’s over." GOP Sen. Collins switches vote on war powers. · Bessent on X: "Amid the impact of Economic Fury, Iran’s currency has hit an all-time low. The Iranian people deserve a new era, which the corrupt and shambolic Iranian regime cannot provide." Signals hope for uprising, regime change. · Israeli Defense Minister Katz: "soon we will…

New Zealand has been approached by the United States to join a potential multinational effort to reopen the Strait of Hormuz, one of the world’s most critical energy shipping routes. · The passage has been largely shut since the escalation of the Middle East conflict, sending shockwaves through global oil markets and raising concerns over energy security. · According to reporting, the Trump administration has instructed US embassies to lobby…

After meeting with Marco Rubio, foreign minister Winston Peters says he made sure US understands ‘significant economic impacts on New Zealand and Pacific’ Eva Corlett · New Zealand has called on the US to send fuel tankers to the Pacific to help alleviate some of the significant economic and fuel pressure caused by the war in the Middle East. · Winston Peters, New Zealand’s foreign minister, met the US secretary of state, Marco Rubio, in…

Not Resource Poor — Policy Poor · New Zealand has been told for decades that it is an energy-dependent nation. · Too small. Too remote. Too reliant on global supply. · But the data tells a different story — not of scarcity, but of system design. · The Numbers Don’t Lie · Between April 2020 and March 2021, New Zealand produced about 1.48 billion litres of oil, condensate and LPG, exported about 1.11 billion litres of that total, and imported…

The New Zealand Government is now considering pausing planned fuel tax increases, as rising global energy prices begin to bite into households and businesses already under pressure. The move signals a growing recognition inside Government that the current fuel shock is not temporary—but part of a broader structural disruption to global energy supply. · Tax Increases Put on Hold · Planned increases to fuel levies—originally intended to support…