oil production

Only The Good Oil News

Denis Tegg — Wed, 08 Feb 2012 02:54:32 +0000

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.

This does not compute

Denis Tegg — Tue, 06 Dec 2011 23:30:08 +0000

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.

Oil Royalties a Mirage?

Denis Tegg — Thu, 01 Sep 2011 02:41:55 +0000

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.

New Zealand Government’s Response to Peak Oil – In time we hope something will turn up

Denis Tegg — Wed, 20 Jul 2011 02:44:57 +0000

On July 8 I attended a forum on peak oil organised by the Sustainability Society.

New Zealand Joins Peak Oil Club - IEA

Denis Tegg — Wed, 20 Apr 2011 04:35:50 +0000

re-posted from my blog - oilshockhorrorprobe

Government's Energy Strategy - Grade F for Fail

Denis Tegg — Wed, 06 Apr 2011 01:34:19 +0000

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.

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

Denis Tegg — Fri, 05 Nov 2010 22:24:14 +0000

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.