The Standard

Open Mike 29/03/2026

Written By: - Date published: 6:00 am, March 29th, 2026 - 33 comments
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Open mike is your post.

For announcements, general discussion, whatever you choose.

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Step up to the mike …

33 comments on “Open Mike 29/03/2026 ”

  1. Incognito 1

    Highly informative interview with Z Energy chief executive Lindis Jones.

    The Newsroom team and Mr Jones [the other Jones} are doing an awesome job of keeping people informed without hype, hope, or hissy-fits.

    https://newsroom.co.nz/2026/03/28/i-heard-it-described-as-the-biggest-energy-shock-in-the-history-of-the-world-it-certainly-feels-like-it/

    • Matiri 1.1

      Very good interview with an explanation about why the price immediately goes up for existing stock. So many people whinging about that!

      JM: If I go down to the petrol station today, is the price I pay reflective of what you’re paying in Korea and Singapore today? Or does it reflect what you’re paying on the oil that’s landed in Marsden Point or wherever, today? Or does it reflect what the cost of the actual oil that you probably purchased a month ago?

      LJ: Yes, so the answer to that one is, the way that we price reflects the cost if we had to go and procure that product today. It’s a replacement cost basis. The markets have become so messy and volatile that it would actually be slightly less than that, given the premium of buying product today. But that’s the model. The reason that’s important is that it enables the clearest view of the profitability of industry. It’s the way governments throughout the world monitor margins and profitability and it’s the way that performance is managed. Because otherwise you get huge gains or swings in margins based upon inventory gains or losses. So it’s the most transparent, obvious way to assess margins and from a cash perspective, that pricing enables the funding of replacement cargoes today. Because we have to go into the market and buy products now. So it’s the most transparent way of monitoring margins and profitability. It’s absolutely required to fund the purchases of future cargoes.

      • KJT 1.1.1

        This, is self serving bullshit.

        If we follow the same principle, wages should go up enough to buy replacement groceries at the likely future price, ahead of time.

  2. Joe90 2

    Led bg donkeys.

    /

    Every Country in Our Supply Chain Has Declared an Emergency. NZ just launched an Ad Campaign.

    What the ministerial press conference got wrong about NZ's fuel supply, and what it didn't mention at all.

    […]

    Today the government sheld a ministerial press conference to announce a four-phase Fuel Response Plan (and that ad campaign). Here are some thoughts in response.

    The TL:DR version: the plan is a framework without numbers, the stock figures are misleading, the geopolitical situation is considerably worse than the ministers alluded to, and NZ Inc still doesn’t understand what we’re looking at in terms of the scale of this disruption in coming months…

    https://energyandresilience.substack.com/p/every-country-in-our-supply-chain?r=qrzbl&utm_medium=ios&fbclid=PAb21jcAQzyKdleHRuA2FlbQIxMQBzcnRjBmFwcF9pZA81NjcwNjczNDMzNTI0MjcAAac0qRZT5FJGGBimdYYnC0r9ehOcC2LPxDcN0RZENBL4tAHcrPYp4Tl1bdJn8A_aem_uPlC4ghxNE9pFmT01MT8GA&triedRedirect=true

  3. Ad 3

    Anyone else betting we get a financial crisis and house price downward hit after the energy crisis decreases?

    That would follow the 1976-79 pattern.

    • Incognito 3.2

      Once were wealthy.

    • SPC 3.3

      That period was one where award wages were linked to inflation (OPEC oil price impact), and interest rates were high*. House prices were flat* and wages rose relative to property value. It was the best ever time to save to buy a house (especially for those living at home and not renting).

      It does seem that inflation will go to 4%. Maybe even 5% (rates, insurance and power costs were holding it at 3%).

      (world gas prices will be impacted for up to 5 years – Qatar down to 80% exports)(urea fertiliser cost etc)

      The RB will increase the OCR, so mortgage costs will rise (those who locked in longer term 2-5 year mortgage rates will be so smug, unless AI comes for their job).

    • Graeme 3.4

      The upcoming global financial crisis will make 76 -79, 87 and 2008 look like a walk in the park. And it'll happen hard and fast once diesel supply gets restricted. Some major melt downs coming when Joe Tradie finds he's not essential and has to walk to work, that's if the job is still running because they can't get materials. Economies world wide are going to slow down fast. And get angry ugly.

  4. Incognito 4

    A most compelling and convincing case for free or discounted public transport for a fixed period that also makes fiscal sense.

    https://newsroom.co.nz/2026/03/27/free-public-transport-the-fuel-crisis-response-that-makes-sense/

    Will the ideologues in the Beehive take heed?

  5. adam 5

    Labour need to roll this lady out more.

    Clear speaker and directly to the point.

    And we need a real Minister of Foreign Affairs after the trash we have now.

  6. PsyclingLeft.Always 6

    Ol' Wily Winnie on the Hunt…. not for the Wilder-People ,(or maybe the West Coast voter version… The Bewilder-People? : ), but anyway, seemingly keen to declaw DOC (castrate Conservation?)

    Expanding mining: NZ First want to declaw DOC, extend permits, return half of royalties to local regions

    "The policy package will also rein in the role of government agencies, including the Department of Conservation," it said.

    This would be achieved through changes to the Conservation and Wildlife Acts. It would curb DOC's ability to intervene by prioritising protection for areas of high conservation only, ensuring protection for "genuinely endangered species".

    DOC would instead "need to stay focused on their core priorities".

    https://www.rnz.co.nz/news/national/590955/expanding-mining-nz-first-want-to-declaw-doc-extend-permits-return-half-of-royalties-to-local-regions

    M'kay as per usual Winnie chasing votes ,albeit age makes this an increasingly desperate stagger.

    Anyway I was surprised to see NZFists selection of Jamie Cleine as candidate.

    NZ First announces former mayor as West Coast candidate

    New Zealand First has revealed former Buller mayor Jamie Cleine will stand for the party in the West Coast-Tasman electorate, in November's general election.

    https://www.rnz.co.nz/news/national/590949/nz-first-announces-former-mayor-as-west-coast-candidate

    Do they know Jamies Woke/and/or deluded? NZFist going for the softer touch ? (Well, soft in the head/touched : )

    Outgoing Buller mayor cries as he talks about risks facing town

    "For those of us who live here, it often feels as though the question really isn't 'if' something will happen but 'when'," Cleine told the climate conference on Monday.

    "Right now, too many people have got no options when disaster strikes again. That's what drives me to push for change, because we can and we must do better."

    Anyway..never mind old Jamies tears…I will leave the Kids as the main word on it all…

    Buller High School students told the climate conference of their fears for the town's future.

    Toroa Charteris said urgent action was needed.

    High schooler Zabeel Scanlon said she had grown up in Westport and felt a sense of belonging there.

    "But Westport is also where I've seen streets underwater, where I've watched families being displaced, and where I've realised, far too young, the decisions of today echo loudly into tomorrow," she said.

    https://www.rnz.co.nz/news/national/575836/outgoing-buller-mayor-cries-as-he-talks-about-risks-facing-town

    • Mercurio 6.1

      "The Bewilder-People"

      That's really good, PLA.

    • Hunter Thompson II 6.2

      Winston wants the votes from the short termers; the people who don't care about the future their children will have. It's mining uber alles.

      I wonder too if Winston is trying to send a signal to the panel that will have to decide whether the proposed Santana gold mining venture in Otago must go ahead under the fast-track legislation.

      Remember, seabed mining has already been turned down off Taranaki.

      As for DoC, it's pure BS to say it needs to be reined in. It actually needs more funding and more staff to protect the conservation estate.

      • PsyclingLeft.Always 6.2.1

        the people who don't care about the future their children will have

        Their children…if they have any, might be of the same nature…or they might fkn hate those selfish old shits, and Vote Life for our Earth.

        IMO. : )

  7. Bearded Git 7

    I like Bomber's TheDailyBlog even though often it is way OTT.

    But today Bomber has excelled himself with his Brooke Van Velden take-down. Excellent and accurate obituary.

    I won't link it….you know where it is if you are interested. May the robot Brooke rot in hell.

    • Mercurio 7.1

      Do robots rot?

      Rust, perhaps, or degrade but I don't think their material substance is organically rot-able, in the way a fish might, or an avocado will. May the BvV-bot fizzle and oxidise and never grace our screens again.

    • adam 7.2

      Only problem with the post – it was her as Minister of Internal Affairs who has systematically screwed over the fire service workers.

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