tongan_yam
New Member
I was at a investment symposium in Maryland a few years ago where I met a Texas wildcatter and US oil and resource broker over dinner. The broker was well versed in our geology having been on a number of deals in the Taranaki basin.I very much appreciated Shane Jones's take on things over this issue today. Iwi when it comes down to it will do very well out of a growing NZ Oil and Gas industry - that also includes jobs. In Taranaki for every job directly employed in the O&G industry 3.7 jobs are created.
Since we're in the pun frame of mind - he was gushing about our geology to the wildcatter, even pushing that the Texan move out to set up shop. Talk then turned to the iwi and the broker then shared his take on it as it wasn't the first country where well meaning 'folk' wanted to put the brakes on the development of natural resource. It was all in the name of the environment that these good folk would keep the iwi poor and uneducated about the wealth that was below them.
Well it didn't take long for the iwi to get the idea that they again we're having the wool pulled over their eyes - just remember the couple of muskets and a set of blankets:rolling
Lets say his take on things won him friends with the iwi and capitalism won.
I've always maintain that once the resources start to flow then we will need to redress our defence needs - one thing to the list ngatimozart would be a fleet of three 1800-2000T AIP submarines (i.e. Type U214). as our oil deposits in the Southern Basin will require off shore deep wells that need protecting.