Great news from the Greens

Green MP Gareth Hughes blogs:

BusinessDesk said today, “Onshore Taranaki oil explorer TAG Oil is planning more than 130 new onshore wells, with 13 to be drilled in 2013 and consents sought for platforms from which another 120 could eventually be drilled.”

Not all wells will necessarily be fracked, but you can be certain that fracking technology has made the building of these wells economically viable.

That’s great news, and a superb endorsement of fracking. Without it those well would not be viable and we’d have to import more oil from the Middle East, and have fewer jobs and lower tax revenues in NZ.