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Showing posts with label oil crisis. Show all posts
Showing posts with label oil crisis. Show all posts

Thursday, July 14, 2011

Even more pain at the pump this year

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I am usually loathe to predict what oil prices will do, certainly in the long term. As Yogi Berra famously said "it's hard to make predictions, especially about the future". But some pretty compelling evidence suggests another substantial upward tick in the oil price is coming in the second half of this year - on top of the already damaging current oil price shock.

Sunday, June 12, 2011

New Zealand's oil security. How dependent are we on oil imports?

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New Zealand imports 97% of its oil. Oil is the lifeblood of our economy. So a vital question must be -- how vulnerable is New Zealand to oil supply shocks? -- Whether from short term disruption, or due to an on-going and perhaps permanent decline in world oil exports?

Saturday, April 16, 2011

IMF Warns of Oil Scarcity And End of "Growth"

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What is going on? The International Monetary Fund -- a body that states its mission is to "foster global growth and economic stability" has produced a major report which concludes the world has entered an era of oil scarcity, and openly discusses a peak oil scenario in which global GDP doesn't grow, but declines steeply !