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"description": "10 News Stories They Chose Not to Tell You",
"path": "/your-daily-ten-10-2026-057/",
"publishedAt": "2026-03-31T21:00:00.000Z",
"site": "https://goodoil.news",
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"textContent": "**This is edition 2026/057 of the _Ten@10_ newsletter.**\n\nHi all,\n\nThis is the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.\n\nEnjoy!\n\n* * *\n\n## 1. The Energy insurance that NZ never bought\n\nBryce Edwards\n\n * ⚡ The energy crisis debate has shifted from current actions to past decisions ministers failed to make when warned\n * 🛢️ Investigations reveal New Zealand was left exposed after ignoring advice to strengthen fuel reserves\n * 🏭 After the 2022 closure of Marsden Point refinery, officials planned a 70 million litre diesel reserve—but it was never funded or completed\n * ❌ In 2024, Associate Energy Minister Shane Jones cancelled the reserve plan citing cost pressures, despite warnings it would increase vulnerability until at least 2028\n * 💸 The $84M cost once seen as expensive now appears cheap after global fuel prices surged as a result of geopolitical conflict\n * 📉 Consultants repeatedly warned of diesel shortages in a prolonged disruption, but the Government delayed action and shifted responsibility to fuel companies\n * 🧯 Critics argue New Zealand has effectively “risked it” rather than investing in fuel security\n * 🏗️ Alternative resilience options—like maintaining refinery capability or using existing Marsden Point storage—were available but not pursued\n * 🚨 The Government is now considering accessing emergency fuel reserves from overseas, signalling the crisis may last months\n * 🚢 Limited domestic storage means officials may need floating tankers, highlighting failures in infrastructure planning\n * ⚠️ A contradiction is emerging: officials publicly downplay risk while privately preparing for supply disruptions\n * 🌏 Export restrictions from key fuel-supplying countries have already triggered escalation thresholds, suggesting the crisis response is lagging reality\n * 🔌 The Government’s proposed LNG terminal—meant to secure electricity supply—is now in doubt due to soaring global gas prices and supply disruptions\n * 🧭 Leadership concerns are growing, with criticism that Prime Minister Christopher Luxon has been absent while the crisis escalates\n * 🧾 Overall, both Labour and the current Government share blame, but the decision to cancel the diesel reserve is seen as a critical failure that worsened New Zealand’s position\n\n\n\nRead More\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
"title": "Your Daily Ten@10 - 2026/057",
"updatedAt": "2026-03-31T20:59:59.994Z"
}