Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Pepperel Attends Oil And Gas Depletion Conference


Councillor Pepperel Attends Oil And Gas Depletion Conference

The imminent decline of the world's oil and gas supplies was discussed at the National Convention of the RunningOnEmptyNZ research group last Sunday, 23 November in Miramar. Wellington City Councillor Brian Pepperell attended to consider the implications for Wellington and New Zealand.

The group is forecasting that New Zealand and most other countries will, within this decade, face dramatic increases in the price of natural gas, petrol, diesel and other forms of energy.

OIL AND GAS WELLS EMPTYING

Quoting evidence from the Hubbert School for Petroleum Studies in Colorado and other authorities, the Moderator, Mr. Bruce Thomson, explained that there had been a global peak in oil discoveries in 1960, and that for the past forty years, the amount of oil discovered has consistently declined despite all technological innovations.

"At present the world consumes four barrels of oil for each barrel discovered. Most of it's from oil fields discovered decades ago. Within this decade, even those fields will start declining forever, beginning fierce international competition for the dwindling oil, and very high prices," said Mr. Thomson.

There were comparisons with the oil shocks of 1973 and 1979, but this time there would not be a restoration of supply. In those crises, the shortages were political action, but this time the oil wells were in final, permanent decline. Another speaker, Robert Atack, who runs a website www.OilCrash.com, reported that natural gas was also about to decline in North America according to Matthew Simons, who is a prominent investment banker and advisor to George W. Bush. New Zealand's Maui gas is expected to be depleted in about 2007 according to the Natural Gas Holdings Corporation (NGC).

PREPARATIONS

At the meeting Mr. Pepperell conferred with the group about best preparatory measures. It was agreed that the energy decline problem needed exposure when transport and roading plans were proposed, because scarcity and high price of fuels would reduce traffic. "Asphalt is created out of crude oil too", said Mr. Pepperell. "It is already becoming a problem because of increasing cost."

Localizing business activities would help protect companies from insupportable costs for fuels. Because the problem was global, imported goods would become much more expensive than local alternatives. Agriculture would be affected because soil productivity was currently magnified several times by fertilizers created out of natural gas.

In general it was agreed that the media had not covered the issue much, despite its serious implications to the public. This was changing though, as news emerged of the Maui gas field expiring, and the USA's motives for invading Afghanistan and Iraq were questioned internationally.

The group has a website summarizing their views, at http://www.geocities.com/RunningOnEmptyNZ

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Scoop 3.0: How You Can Help Scoop’s Evolution

Entering into its third decade of operation, the Scoop news ecosystem is set to undergo another phase of transformation and evolution.

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

 
 

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

Train Free Thursday: Workers Strike To Defend Terms Of Employment

"They signed up to these conditions a year ago when they got the contract for Wellington's rail services. Now they're trying to increase profits by squeezing frontline workers." More>>

ALSO:

Seclusion: Ombudsman Emphasises Importance Of Monitoring

Disability Rights Commissioner Paula Tesoriero says that while there have been changes to the Education (Update) Amendment Act 2017 to prohibit the use of seclusion, the report is an important reminder of the importance of regular monitoring of schools. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election