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Tuesday, November 16, 2010

NZ will live with less oil -- its official

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Whether you are a petrol head or a mum and dad happy motorist you will be living with less oil in the future. That's the sober conclusion of the New Zealand government's most trusted energy adviser -- the International Energy agency (IEA) in its latest annual report.

Friday, November 5, 2010

NZ Defence Report Ignores Peak Oil - US / German Military Warn it’s a Big Threat

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The just released Defence White Paper on New Zealand's strategic and security interests to 2025, as Gordon Campbell points out, is long on rhetoric, and short on coherence and detail.  But worse still it fails to even mention a very serious and imminent threat to our security which both the US and German military have warned about - namely the peaking of global oil production leading to dwindling world oil supplies.

Wednesday, November 3, 2010

NZ Hits Peak Oil in 2010. Zero oil production by 2023 -- MED official

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This year NZ reaches peak oil.  We then face a steep decline in our domestic oil production from currently producing oilfields. This is a double jeopardy for New Zealand's economy as the domestic decline will coincide with global oil supply shocks, rapidly rising oil prices, ushering in a period of sustained recessions - according to a New Zealand Parliament report published last month.