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Ever since United States oil production peaked in the 1970s there has been debate about the ability of North America to become self reliant by producing all its own oil. Fast forward forty years and this conversation is still taking place and the U.S. is still no closer to oil independence. So what about New Zealand? Could we possibly provide for our own oil needs in the coming years?
Why is it that oil and gas companies such as TAG Oil and Apache are so aggressively pursuing exploration of gas fields in New Zealand when US gas prices are at a 10 year record low of US$2.176 per mBtu? In January both Chesapeake Energy and ConocoPhillips announced plans to reduce gas natural gas output and shift towards more oil drilling. » Read more
THIS IS THE COPY OF AN EMAIL I HAVE SENT OUT TO ANOTHER GROUP AROUND EVENTS IN THE MIDDLE EAST - TO TAKE HEED OR IGNORE AT YOUR PERIL
Oil’s tipping point has passed, and the economic pain of a flattening supply will trump the environment as a reason to curb the use of fossil fuels, say James Murray and David King, in an article just published in the prestigious journal Nature. » Read more
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. » Read more
I was having dinner with a friend of mine from the New Zealand Cryonics Society and we were talking about the difficulties of breaking into mainstream media and I mentioned that Peak Oil was also having a hard time breaking through (although I get a sense that things are picking up).
"Yeah, must be pretty tough" was his reply "I've only got one weird-o strike against me"
I decided not to inform him that 9-11 was, in fact, an inside job. » Read more
Documents released under the Official Information Act reveal National Government systematically denying appropriate response toSubmitted by mangawhaitransi... on 4 November 2011 - 12:57pm | Blog entry
Kia ora ! » Read more