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Christchurch quake cost added to our yearly oil import bill?

Submitted by Denis Tegg on 24 August 2011 - 11:04am | updated 24 Aug 2011 | Blog entry

re-posted from by blog - oilshockhorrorprobe

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.

How come?

1. Domestic oil production is plummeting » Read more

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High oil prices cause "large" effect on inflation - NZ Report

Submitted by Denis Tegg on 1 July 2011 - 10:32am | Blog entry

re-posted from my blog - oilshockhorrorprobe

A 2005 study by New Zealand Reserve Bank economist Felix Delbruck ("Oil prices and the New Zealand economy" - Reserve Bank of New Zealand: Bulletin, Vol. 68, No. 4) has found that the inflationary effects of higher oil prices were "quite large". Specifically that :- » Read more

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2007-08 oil shock caused "substantial" decline in New Zealand's GDP say Reserve Bank economists

Submitted by Denis Tegg on 24 June 2011 - 5:24pm | Blog entry

re-posted from my blog - oilshockhorrorprobe

In a recent report, two New Zealand Reserve Bank economists have estimated the real effects of oil price shocks on New Zealand’s GDP. The economists conclude -- » Read more

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New Zealand Government's Oil Price Projections - A Bad Joke ?

Submitted by Denis Tegg on 3 June 2011 - 10:59am | updated 03 Jun 2011 | Blog entry

Re- posted from my blog - oilshockhorrorprobe

The Ministry of Economic Development's oil price estimates are a very bad joke. It is a joke on all of us however, as their grossly optimistic projections underpin government policy not just for energy but for the broader economy. » Read more

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Must Watch Australian Report on Peak Oil

Submitted by Denis Tegg on 17 May 2011 - 2:20pm | updated 17 May 2011 | Blog entry

The Australian Broadcasting Corporation’s Catalyst programme has just broadcast the best peak oil documentary in recent times. In just 12 minutes it covers many of the essential points, and is a great way to get yourself up to speed on peak oil. Please take the time to watch it, and share this Youtube link and the ABC Catalyst link with your networks, and with anyone you believe is unaware of, or in denial about peak oil. » 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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