NZ Prime Minister out of the closet on Peak Oil
PowerLess NZ Press Release
21 April 2006
21 April 2006
As the price of oil hangs at record heights, unmoving, like a pall threatening to choke economies and festering the sore that is inflation (October delivery contracts on the NYMEX are over US$75 a barrel), the cattle-class as well as the impotent media transfixed by daily trivialities and titillations by and large continue to remain clueless as to why we are paying almost $1.80 a litre at the pump.
Economists and “analysts” roll out the usual suspects whenever the price moves skyward, security worries in Nigeria Iran Iraq
Matt Simmons energy investment banker and Peak Oil advocate argued that 2006 would be the year Peak
This watershed statement, which incidentally went over the heads of most of the media turkeys in attendance, has enormous economic and social implications. Firstly it absolves Trevor Mallard (acting Minister of Energy) from having to regurgitate International Energy Agency nonsense that Peak Oil is at least 30 years away. “Not too far short of peak production, if not already there” surely can’t mean the same thing as 30 years away. The minister can now base policy in geological reality rather than the flawed economic “business as usual” fantasy that has cheap abundant oil production growing alongside the economy for all eternity.
But will he? Will she?
I can already hear the screams of the damned led by Peter Dunne, all the way down every double-laned highway in the country. By this very admission the Prime Minister puts the Government in a very sticky situation. If indeed we are already at peak oil multi-billion dollar roading projects are about as sensible as New Zealand New Zealand
In light of Prime Minister Helen Clarks peak oil admission the concept of growth must be re-evaluated. Economic growth and oil production exhibit a linear relationship. As we enter the era of oil decline, Jim Kunstler argues the only growth we are likely to see is “growth in our exertions to stay where we are, and the truth is many of the weak will simply fall behind” .
If Helen Clark truly comprehends peak oil then momentous changes in public policy must follow, not to mitigate risk in light of such information incurs liability and, is arguably negligent.
Continuing to pump billions into roading projects, ultimately dependant upon the continued stream of cheap Middle Eastern oil after the Prime Ministers admission is moronic. With less oil being produced every year and as the price of petrol moves beyond Himalayan like territory, Transmission Gully (just picking one example), begins to look like a very expensive white elephant – a monument to the exuberant industrial age when there was always more of everything.
(2006) PM Talks Palestinian Aid, Health 'N' (Peak) Oil,
April 3, Clusterfuck Nation Chronicles: Commentary on the Flux of Events., http://www.kunstler.com
Steve McKinlay for
PowerLess NZ is a growing group of scientists, energy analysts and concerned citizens whose principle objectives are to alert both Government and the general public to
Steve’s blog is located at http://ontic.blogspot.com/
More information about global peak oil and resource depletion can be found at www.oilcrash.com