oil depletion. oil shock

Election 2011 Two-facedness - Saving money good - saving fuel bad

Denis Tegg — Mon, 07 Nov 2011 10:28:14 +0000

All of the political parties agree New Zealand needs a long-term savings and investment plan . These elections there have been major policy announcements on Kiwisaver, reducing debt and the age of eligibility for National Superannuation. Saving money good.

Officials Muzzled on Peak Oil?

Denis Tegg — Thu, 01 Sep 2011 22:39:37 +0000

re-posted from my blog - oilshockhorrorprobe

The government has finally released its Energy Strategy. There are cosmetic changes from the Draft version but it's no surprise that the final Strategy continues to completely ignore the threat of peak oil. There were many submissions, including my own, which detailed the raft of recent reports from oil and energy experts, think tanks and government institutions which are all pointing to an imminent supply and oil price crunch. And in 2009 government officials themselves gave strong warnings to Ministers. So since 2009, have the officials been muzzled?

New Zealand at greater risk from oil shocks -- official advice ignored

Denis Tegg — Tue, 16 Aug 2011 04:23:57 +0000

Re-posted from my blog - oilshockhorrorprobe

In November 2009 senior officials warned the government --

Even more pain at the pump this year

Denis Tegg — Thu, 14 Jul 2011 02:41:42 +0000

re-posted from my blog - oilshockhorrorprobe

UK Ignores Peak Oil Warnings - NZ Pretends It's Not An Issue

Denis Tegg — Thu, 16 Jun 2011 01:48:37 +0000

re-posted from my blog - oilshockhorrorprobe

It has long been suspected that Western governments have been investigating peak oil and its impacts on the economy, but keeping the information hidden from the public. In the case of the UK government we now have definitive proof that this has been happening. The Guardian has reported (15 June) that UK ministers have ignored peak oil warnings.

New Zealand's oil security. How dependent are we on oil imports?

Denis Tegg — Sun, 12 Jun 2011 09:29:01 +0000

re-posted from my blog oilshockhorrorprobe

New Zealand imports 97% of its oil. Oil is the lifeblood of our economy. So a vital question must be -- how vulnerable is New Zealand to oil supply shocks? -- Whether from short term disruption, or due to an on-going and perhaps permanent decline in world oil exports?

NZ Budget 2011 Ignores Oil Shock Impacts

Denis Tegg — Mon, 23 May 2011 22:12:25 +0000

re-posted from my blog - oilshockhorrorprobe

The Times [article behind a paywall] has just broken a story that the UK government has been undertaking research on the likely adverse effects on their economy of an oil price spike. The Times reports that

IMF Warns of Oil Scarcity and the End of Growth

Denis Tegg — Sat, 16 Apr 2011 04:01:18 +0000

Re-posted from my blog - oilshockhorrorprobe

What is going on? The International Monetary Fund -- a body that states its mission is to "foster global growth and economic stability" has produced a major report which concludes the world has entered an era of oil scarcity, and openly discusses a peak oil scenario in which global GDP doesn't grow, but declines steeply !