We’ve long had warnings from scientists and greens. Right wing governments never listen to those. But recently we’ve also had warnings from organisations that you might think that any government would pay attention to. Like the warning from the American military — by 2015 there are likely to be “serious shortages” in oil supply. Like the warnings from the German military, Lloyds of London, the IEA and others (reviewed in a report from our own Parliamentary library). Now we can add the IMF to the list:
WSJ: IMF: “Increased Scarcity” Ahead For Oil Markets
Governments should brace for “increased scarcity” in global oil markets and the risk of additional sharp price spikes in the coming years, the International Monetary Fund warned Thursday. …
The fund urged policymakers around the world to ensure their economies are designed to handle unexpected changes in oil supplies and prices–for instance, by reducing fuel subsidies in order to protect governments’ fiscal positions but also strengthening safety nets for the poor–and to encourage policies promoting alternative energy sources.
I do hope that one of our elected representatives is going to stand up in Parliament and ask the government how it plans to respond to the IMF’s advice. What action is the government taking to ensure that our economy is “designed to handle unexpected changes in oil supplies and prices”? In what way is the government “strengthening safety nets for the poor” or “promoting alternative energy sources”?
The Nats will bluster and evade, because of course they have no sensible answers to these questions. It’s up to the other parties. Come November, any party that doesn’t have good answers to these questions isn’t worth voting for.