Home

oil production

Only The Good Oil News

Submitted by Denis Tegg on 8 February 2012 - 2:54pm | updated 08 Feb 2012 | Blog entry

re-posted from my blog - oilshockhorrorprobe

Radio New Zealand has broadcast a news item which typifies the pathological optimism of our media when reporting New Zealand's oil supply. » Read more

»

This does not compute

Submitted by Denis Tegg on 7 December 2011 - 11:30am | Blog entry

re-posted from my blog - oilshockhorrorprobe

The International Energy Agency has again warned that the high oil price could strangle hopes for a global economic recovery. It also says that 90% of future growth in oil production has to come from the Mid-East, mostly from Saudi Arabia. Without a $100 billion annual investment in that region, oil prices will exceed $150 a barrel. But Saudi Arabia has just announced it is halting its $100 billion oil expansion program? This does not compute. » Read more

»

Oil Royalties a Mirage?

Submitted by Denis Tegg on 1 September 2011 - 2:41pm | updated 01 Sep 2011 | Blog entry

re-posted from my blog - oilshockhorrorprobe

Beside the release of the government's final Energy Strategy was a report from Woodward Partners purporting to estimate the potential royalty income from existing, and yet to be discovered oilfields. » Read more

»

New Zealand Joins Peak Oil Club - IEA

Submitted by Denis Tegg on 20 April 2011 - 4:35pm | updated 20 Apr 2011 | Blog entry

re-posted from my blog - oilshockhorrorprobe » Read more

»

Government's Energy Strategy - Grade F for Fail

Submitted by Denis Tegg on 6 April 2011 - 1:34pm | updated 06 Apr 2011 | Blog entry

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. » Read more

»

NZ Defence Report Ignores Peak Oil. US/German Military Warn It's A Grave Risk

Submitted by Denis Tegg on 6 November 2010 - 10:24am | updated 07 Nov 2010 | Blog entry

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. » Read more

»
Syndicate content