energy strategy

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? » Read more

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? » Read more

Re-posted from my blog - oilshockhorrorprobe » Read more

I read the governments Draft Energy Strategy  and discovered that apart from a bland statement that oil prices will rise and be volatile, it fails to identify the risks to New Zealand's energy security. There is no discussion in the DES about the threats to New Zealand of oil scarcity arising from global oil depletion and no analysis of the potentially devastating impacts on the New Zealand economy from scarcity and/or higher oil prices. Nor does it discuss how soon these threats might arise. For example could they occur within one year, five years, 10 years, or longer? » Read more