oil prices

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.

(Un) economic Peak Oil what really matters

Denis Tegg — Tue, 20 Sep 2011 09:33:36 +0000

re-posted from my blog - oilshockhorrorprobe

Christchurch quake cost added to our yearly oil import bill?

Denis Tegg — Tue, 23 Aug 2011 23:04:08 +0000

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

New Zealand Government’s Response to Peak Oil – In time we hope something will turn up

Denis Tegg — Wed, 20 Jul 2011 02:44:57 +0000

On July 8 I attended a forum on peak oil organised by the Sustainability Society.

Even more pain at the pump this year

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

re-posted from my blog - oilshockhorrorprobe

Oil Shock Horror blog -- the story thus far

Denis Tegg — Wed, 06 Jul 2011 00:43:38 +0000

re-posted from my blog - oilshockhorrorprobe

9 months after a tentative start last September, and with 45 posts clocked up here at Oil Shock Horror Probe, I thought it was time to re-cap. What are the trends and themes that have emerged so far?

It's the economy stupid

Higher oil prices are already negatively impacting our economy

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

Denis Tegg — Thu, 02 Jun 2011 22:59:30 +0000

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.

Government's Energy Strategy - Grade F for Fail

Denis Tegg — Wed, 06 Apr 2011 01:34:19 +0000

The government has mistakenly released its Draft Energy Strategy, which is still to be signed off by Cabinet. Despite hundreds of public submissions it remains almost word for word identical with the version published in July 2010.

Ideology Trumps Common Sense

Denis Tegg — Tue, 22 Mar 2011 00:56:49 +0000

It's said a picture is worth a thousand words. Take a look at these graphs and see if you can make any sense of the government's response to oil prices rising and it's transport policy. Damned if I can. (hat tip to Auckland Transport blog and frog blog)

Traffic volumes on State Highways have not increased since 2005.

As seen on TV - Breakfast Show

James Samuel — Tue, 08 Mar 2011 16:45:42 +0000

A great opportunity came chasing after me yesterday, when Paul from TVNZ tracked me down to invited someone from Transition Towns to go on the Breakfast Show on Wednesday morning to talk about the Transition Towns response to rising fuel prices. I hesitated briefly. Here was a chance to raise the bar on the conversation, above simply rising fuel and food prices (which are intimately interlinked).

So in case you can't (or didn't) see the 7:10am breakfast show here's what I am hoping to bring to the conversation.

NZ Defence Report Ignores Peak Oil. US/German Military Warn It's A Grave Risk

Denis Tegg — Fri, 05 Nov 2010 22:24:14 +0000

The just released Defence White Paper on New Zealand's strategic and security interests to 2025, as Gordon Campbell points out, is long on rhetoric, and short on coherence and detail. But worse still it fails to even mention a very serious and imminent threat to our security which both the US and German military have warned about - namely the peaking of global oil production leading to dwindling world oil supplies.

Mining group believes in tooth fairy -- "New Zealand cushioned against oil shocks"

Denis Tegg — Tue, 19 Oct 2010 09:01:48 +0000

Straterra, a body representing mining companies has said, "New Zealand is in an excellent position to withstand any future oil shocks, thanks in particular t

"Peak hype" on New Zealand's offshore oil reserves

Denis Tegg — Wed, 13 Oct 2010 07:46:21 +0000

There was much hype and hoopla at the recent New Zealand Petroleum Conference about the extent of New Zealand's potential oil and gas reserves. Chris Uruski, a GNS scientist told Chris Laidlaw on Radio NZ's Sunday that we potentially have 20 billion barrels of oil equivalent in New Zealand's offshore exclusive economic zone.

UK Govt Acting on Peak Oil but NZ Govt Deep in Denial

Denis Tegg — Tue, 05 Oct 2010 01:08:01 +0000

The UK's Energy Secretary Chris Huhne has ordered his officials to look at the impact of a 1970s-style oil price spike on the British economy. Mr Huhne warned that a 1970s-style doubling in the price of oil would drain £45billion from the UK economy in two years, hitting investment and jobs.

Meanwhile our Energy Minister Gerry Brownlee and the NZ government are deep in denial about peak oil and resulting higher oil prices.