Written By: - Date published: 6:11 am, January 13th, 2009 - Comments Off on Serendipity, now with dinosaurs
Written By: - Date published: 1:54 pm, January 12th, 2009 - 40 comments
We’ve seen that oil production in oil fields and countries peaks long before the oil actually runs out, and as individual countries go, so must, inevitably go the world. Once the amount of oil the world is capable of producing starts to fall, things are going to get difficult. Our economy is the use of […]
Written By: - Date published: 3:24 pm, January 9th, 2009 - 27 comments
There is only so much oil in the world. It was all formed when, over the course of a few hundred million years, creatures living in shallow seas died and their remains accumulated and were subjected to a very particular combination of heat and pressure for hundreds of millions of years. We know where all the sedimentary […]
Written By: - Date published: 4:08 pm, January 8th, 2009 - 35 comments
The more I learn about energy, and peak oil in particular, the more concerned I get. So, in the spirit of the season, I thought I would share some of it with you. I’ll get to some concrete things we need to start doing now to mitigate as much as we can the impact of falling […]
Written By: - Date published: 6:46 pm, November 15th, 2008 - 34 comments
With a masterful awareness of the import of his actions, President Roosevelt termed his economic program to lift the US out of the Great Depression ‘the New Deal’. Laissez-faire capitalism, whereby the ‘invisible hand of the market’ ruled, had failed to fulfil the conditions of the social contract (a fair distribution of wealth between capital […]
Written By: - Date published: 12:03 pm, September 26th, 2008 - 42 comments
We all knew New Zealand was in recession in the first six months of this year. The official figures have confirmed this. The surprise though is on the upside. The consensus had been that the economy had shrunk 0.5% in the quarter. In fact, it was 0.2%. Remember that this figure occurred during the height of […]
Written By: - Date published: 11:01 pm, August 24th, 2008 - 30 comments
On August 1, Transit NZ and Land Transport NZ were merged into the NZ Transport Authority. The new organisation’s first major publication shows a welcome shift in thinking and an acknowledgment that the age of cheap oil is over. Managing Transport Challenges When Oil Prices Rise contains a model built on the consensus of a number of international […]
Written By: - Date published: 11:20 am, August 4th, 2008 - 56 comments
Greens on National’s plan to borrow to build more roads: “Lonely dinosaur seeks white elephant“
Written By: - Date published: 12:27 pm, July 15th, 2008 - 18 comments
Inflation was 1.6% in the last quarter, 4% annually, the highest in 13 years. Petrol is driving inflation. By itself petrol accounted for a 1.2% increase. Food is the other big increase, also accounting for a 1.2% and that is itself being driven by international oil prices. The price of oil is beyond our control […]
Written By: - Date published: 3:42 pm, July 11th, 2008 - 69 comments
A worrying report on the future of petrol prices is out today. It predicts petrol could hit $10 a litre in a decade. Nearly all of that increase will be caused by the supply of oil falling as demand pressure grows. Rationing will probably be introduced before that point, otherwise only the rich will be […]
Written By: - Date published: 10:10 am, July 7th, 2008 - 36 comments
Ok. Now that the political theatre is done maybe National and its allies would like to engage in proper debate on the freight trucking industry. Here’s some issues for debate: Road user charges are less than 10% of costs and the increase, half what was recommended meaning petrol vehicles are still subsidising truck companies, is […]
Written By: - Date published: 12:55 pm, June 25th, 2008 - 60 comments
Petrol is over $2.10 a litre. The price will keep rising both with the ever upward march of the price of crude and the falling NZ dollar. Already, motorists are responding. Road usage in Auckland has fallen 3%. It’s fair to believe it is falling elsewhere too. The only reasonable conclusion is that the number […]
Written By: - Date published: 7:16 am, June 17th, 2008 - 120 comments
A reader sent us this graph. It plots President Bush’s approval rating and the price of petrol. (the price of petrol is upside-down, a fall in the price is a rise on the graph) As you can see, spikes in the price have been followed by a fall in Bush’s support and the reverse is […]
Written By: - Date published: 1:25 pm, June 16th, 2008 - 38 comments
The Government’s independent report on petrol prices is bit of a sop to be the public, really. The world oil price is driving petrol prices; any efficiencies that could be gained in New Zealand would be small and would not change the upward trend. Nor is a Fuel Watch website like Australia’s going to do […]
Written By: - Date published: 9:49 am, June 9th, 2008 - 95 comments
We regularly hear calls (not backed by any major party, including National) for the taxes on petrol to be lowered or removed because the prices are so high. After all, every time the price goes up, the government gets more revenue, doesn’t it? No, it doesn’t. Tax on petrol has two parts. There are four levies […]
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