Re:New Zealand plunges into recessionary spiral
by lostlogin on Friday November 04, 2022 @03:26PM
(#33472384)
Is the energy sector mining, drilling, oil and gas? If that's the way out of financial strife, that's depressing.
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Re:New Zealand plunges into recessionary spiral
by Waterluvian on Friday November 04, 2022 @03:28PM
(#33472412)
All of that and more. I just mean, a buoy that rises with rising energy prices to lessen the blow of an energy crisis.
Indeed, it's pretty !@#$ing awful that that's the condition.
Re:New Zealand plunges into recessionary spiral
by Tiktaalik on Friday November 04, 2022 @03:51PM
(#33472789)
Tech industry in bc employs more people than all the mining oil and gas combined.
The importance of the traditional resource industries feels like an out of date meme leveraged for political reasons. It's not the future for Canada.
Re:New Zealand plunges into recessionary spiral
by soperj on Friday November 04, 2022 @04:13PM
(#33473104)
BC's biggest exports is still Coal, and then Lumber. I'm sure Natural gas will be added to that list shortly.
Re:New Zealand plunges into recessionary spiral
by lostlogin on Friday November 04, 2022 @05:26PM
(#33474007)
That may be true, but at a significant cost. Skilled labour contributing to GDP is rather more useful than trashing the place and making a quick dollar. Just comparing the dollars masks this.
Re:New Zealand plunges into recessionary spiral
by fdsafdewe on Friday November 04, 2022 @04:12PM
(#33473091)
You'd be amazed at how many "traditional resources" it takes to manufacture CPUs and other semiconductors.
Re:New Zealand plunges into recessionary spiral
by soperj on Friday November 04, 2022 @04:12PM
(#33473097)
We're still a resource extraction economy in Canada. If it's not oil & gas, it's timber, mining, water, fish, food. You look at every major export from any province in Canada and it's mostly resources. Ontario is cars, which I'm not sure is any better.
Re:New Zealand plunges into recessionary spiral
by cgh on Friday November 04, 2022 @04:20PM
(#33473204)
I understand the hesitance to rely on oil and gas, but what’s wrong with mining?
Re:New Zealand plunges into recessionary spiral
by Tiktaalik on Friday November 04, 2022 @05:16PM
(#33473889)
it's enormously destructive to animal habitats, can poison water supplies.
https://thenarwhal.ca/for-decades-b-c-failed-to-address-sele...