New Zealand economy

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.

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.

UK Government to Develop Oil Shock Response Plan. - When Will NZ ?

Denis Tegg — Thu, 26 May 2011 09:57:30 +0000

re-posted from my blog - oilshockhorrorprobe

UK Energy and Climate Change Secretary Chris Huhne has agreed to develop an 'Oil Shock Response Plan', following a meeting with the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES).