Oil’s tipping point has passed, and the economic pain of a flattening supply will trump the environment as a reason to curb the use of fossil fuels, say James Murray and David King, in an article just published in the prestigious journal Nature.
The Daily Telegraph has revealed how the Australian government has attempted to suppress its own report on peak oil. The response from the New Zealand government had been equally secretive and obfuscating.
I wish to share this excellent article by Jack Santa Barbara of Nelson. He explores NZ's unique postion in a world facing an impending energy descent, and asks whether NZ could be the first nation to have a steady state economy. Full article here
Most kiwis are oblivious to the next global oil shock, which many experts say will occur within 5 years. Even a small decline in world oil production will have a devastating effect on our economy. Oil depletion is rarely discussed in public by politicians, or by mainstream economists or media. This blog is my small effort to probe, raise awareness, encourage informed debate, and look at community responses.