NZ Dollar Far Too High For Exporters!
12:57:43 AM - 2007-10-30
TUI CRUDE OIL EXPORTS GOOD FOR NEW ZEALAND!
New Zealands Trade deficit looking good due to Tui Crude Oil Exports.
Taranaki Tui Oil Field off shore has been producing an average of 40,000 barrels of oil a day since the end of July is giving a better than expected trade deficit for N.Z. In August $159 million in oil exports were up about $100 million on the level for July.September oil exports were almost as high as August.
If it was not for boost for oil and aircraft sales the picture around exports was pretty glum.
Exports remain under pressure by the high level of the New Zealand Dollar.
The NZ currency continues to rise against US dollar, it was just above 77 cents yesterday 29 Oct 2007 and it is making exporters nervous. The dollar was trading under 70 cents against the America Dollar in the middle of September.
So as the New Zealand Dollar continues to strenghten against the US dollar because of the weakness in the greenback and the ongoing attraction of New Zealand's high interest rates the exporters will continue to be nervous of the high NZ dollar.
As for the cost of fuel for New Zealand user, with the cost of a barrel of oil at nearly $93.00 a barrel, what is the cost of fuel going to be by christmas, at the monment 91 is $1.65 a litre with the higher octane 5 cents higher, so much for
Tui Crude Oil Exports New Zealand still pay's a high price to keep their car on the road without the high interest rate.
When will it end?
ELSIE HAGLEY |
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Helping to Save the World!
08:19:03 PM - 2007-10-22
NEW ZEALAND'S KYOTO PROTOCOL!
Now is the time to start helping to save the world for our future generations.
Start making a change today, it will pay off for the future tomorrows.
So it is not too early to start learning about Kyoto Protocols
New Zealand Emissions Trading Scheme (ETS) will start next year and while there are many questions, the farming sector has until 2013, but it is never to early to start protecting our and our family future for the years to come.
(1). Why is the scheme being introduced? Under the Kyoto Protocol NZ becomes liable to pay for its greenhouse emissions above 1990 levels from next January. New Zealands liability in the five years to 2012 (the first commitment period) is estimated to be 45-5 million tonnes costing about $682 million at a carbon price of $15/tonne.
Without a (ETS) emissions are expected to increase to around 65 million tonnes.
Our Government has chosen a cap-and-trade system.
(2). What is a cap-and-trade system? The cap-and-trade systems create a financial incentive for emission reductions by assigning a cost to polluting. In NZ case, the government will establish a "cap" that limits emissions to a level lower than the current emissions of a designated group of around 200 big firms, such as energy, oil, steel, aluminium, paper and power companies. The emissions allowed under the cap are then divided into individual units - one NZ unit will equal one tonne of emissions - that represent the right to emit that amount.
Because the emissions cap restricts the amount of emission allowed, units that give a company the right to emit take on financial value. Companies are free to buy and sell units in order to continue operating in the most profitable manner available to them.
So these able to reduce emissions at a low cost can sell their extra units to companies facing high costs.
(3). Where do the New Zealand units come from? The Government will gift units up to the cap or emitters can buy units from other participants, such as forest owners who earn units for the trees they plant.
Internationally, the NZ ETS will link, subject to some restrictions to other emissions trading markets operating under the Kyoto Protocol. NZ Units will be fully comparable to Kyoto-compliant units in the international market.
All these is still subject to the Government consulted on policy earlier this year and from now to the end of November will discuss options for the "core design details" with interested parties such as industry, consumer groups, NGOs and Maori.
(4). How will the ETS be administered? Inland Revenue will record ownership of units in a central registry, which will operate a bit like internet banking. Participants will be expected to monitor their own emissions, but audits and inspections will verify compliance.Participants will face penalties for non-compliance.
There is no time like right now to start helping to protect the world for our future generations.
Elsie Hagley |
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ETS - Kyoto Protocol Obligations!
06:16:38 PM - 2007-10-10
NEW ZEALAND EMISSIONS TRADING SCHEME!
What is ETS?
The ETS is an economy wide scheme covering all greenhouse gases, but industries will have staggered entry into it.
Forestry is first up, from January 1st 2008 forestry will be part of the New Zealand Emmissions Trading Scheme as the Government looks to meet its Kyoto Protocol obligations.
Agriculture has a reprieve until January 1st 2013.
Forestery emissions trading comes on-stream in Jan 2008, the currency will be New Zeanland Units (NZU), with one NZU representing one tonne of carbon dioxide emission. A limited number of NZU's will be issued each year, ensuring a cap on emissions to meet Kyoto obligations.
One instalment of units will be allocated in 2008-09 to owners of forests closest to harvest age, plus two further instalments of post-dated NZU's to owners of younger forests.
Once alloted, the NZU's can be traded within New Zealand, the number that can be transferred overseas will be limited to 10% of NZ's assigned amount.
Because of the aims of the Kyoto Protocol (to reduce greenhouse gas emissions to 5% below 1990 levels) the rules will vary depending on when a particular forest was planted.
Pre-1990 Exotic forest planted before 1990 will be automatically involved in the ETS.
Anyone interested in more information on the above, Please visit www.maf.govt.nz/climatechange.
Elsie Hagley |
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Biofuel - Cropping in New Zealand?
07:12:44 PM - 2007-10-01
BIOFUELS - AGRICULTURE CHANGES!
Where do we go with all the Biofuels changes, facing all aspects of life?
Biofuels are driving a major structural change in the world agriculture.
The three major regions of the world biofuel production is booming are the United States, Brazil and Europe.Other regions particular Asia are following, About 25% of the US corn crops will go to biofuel this year, and it will be more next year.
The ripple effects are being felt around the world. It is the major reason world grain prices have nearly doubled in the past 18 months, Every 100 Litres Ethanol produced from corn uses the same amount of grain as would feed a person for a year. Corn is not an efficient crop for Ethanol production but it suits the United States climate.Without subsidies the US Ethanol would not exist.The subsidies are guaranted until 2010.
In New Zealand, new tecnologies are being developed rapidly, and it may not be too long before it is possible to convert both trees and grass into Biofuels, and do so economically. The long term future of Biofuel is more likly to lie with trees and even more so with algae, than it is with crops such as corn (maize).
With current dairy prices high for milk solids production, farmers will buy maize for silage to keep milk production up for the 2007 - 2008 season, so that would be one of the reasons for not growing corn (maize) for Biofuel cropping in
New Zealand as the acreage required is so great, also it could have been the reason the Waikato/Bay of Plenty area shelved plans for a proposed maize Bio-ethanol plant, which LanzaFuel where looking at.
Whatever happens in the future with the price of grain, Chicken, Pork, Beef - or anything that makes use of grain is going to become more expensive to buy in the very near future, all for the future of biofuel in the world, the cost of living is rising rapidly with the New Zealand Dollar rising again, back above 76 cents against the American Dollar. |
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