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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

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Auckland Airport - where pigs fly and bring untold prosperity

Submitted by Denis Tegg on 27 January 2011 - 9:24pm | updated 28 Jan 2011 | Blog entry

An Auckland airport report estimates the airport corridor’s contribution to the economy for the next 20 years, but outrageously fails to even mention the future risks to the airline and tourism industries of higher oil prices and/or fuel shortages. » Read more

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