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

Wednesday, August 24, 2011

Christchurch quake cost added to our yearly oil import bill?

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By 2015 New Zealand could face an extra $10 billion cost each year to import oil, compared to 2011 prices. That's more than the cost to government of the Christchurch earthquake each and every year! By 2020 the oil import cost each year could soar to $19 billion more than the present cost. That's the bill for two Christchurch earthquakes every year.

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?

Wednesday, April 6, 2011

Government’s Energy Strategy -- Grade F for Fail

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The government has mistakenly released its Draft Energy Strategy, which is still to be signed off by Cabinet. Despite hundreds of public submissions it remains almost word for word identical with the version published in July 2010.