Andrew McKay's blog

New Zealand’s Potential for Oil Independence in an Uncertain World

 

Ever since United States oil production peaked in the 1970s there has been debate about the ability of North America to become self reliant by producing all its own oil. Fast forward forty years and this conversation is still taking place and the U.S. is still no closer to oil independence. So what about New Zealand? Could we possibly provide for our own oil needs in the coming years?

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Fracking Benefits Overblown?

Why is it that oil and gas companies such as TAG Oil and Apache are so aggressively pursuing exploration of gas fields in New Zealand when US gas prices are at a 10 year record low of US$2.176 per mBtu?  In January both Chesapeake Energy and ConocoPhillips announced plans to reduce gas natural gas output and shift towards more oil drilling. » Read more

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