Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

NZ Branch to Study Peak Oil

Sunday, March 05,


A New Zealand branch of the International Association for the Study of Peak Oil and Gas (ASPO-NZ Inc) has been incorporated.

The peak extraction rate of non-renewable oil reserves occurs when roughly half of the recoverable oil in a reservoir has been extracted. This applies to individual oil wells, oil fields as well as to the world as a whole.

Dr Peter Ballance, President of ASPO-NZ says: "The world is now close to the peak for oil and gas extraction and may already have passed this point."

Within a few years, even by more optimistic projections, the global supply of oil and gas will decline and the oil and gas prices will inexorably rise.

This process will have a profound impact on all aspects of our society and economy. Oil is our prime source of transportation energy - cars, trucks, ships, planes - and it is used in the manufacture, production and distribution of nearly all items our society depends on from food, water, pharmaceuticals, to plastic, clothing and so on.

ASPO studies peak indicators and strives to make national governments, local governments and the public aware of the serious consequences associated with the dwindling supply of our most useful source of energy and most universal industrial raw material.

ASPO also compiles, researches and gathers meaningful responses and mitigation strategies available as oil supplies dwindle.

ASPO has no political affiliation and membership is invited from all people and organisations interested in learning more about Peak Oil and in furthering the aims of the Association.

ASPO-NZ is a national organisation based on the ongoing work of individuals, professionals and organisations from around the country which have been studying Peak Oil for several years. ASPO's executive and administration is based in Nelson and it has a national advisory board.

Dr Peter Ballance President, ASPO-NZ Inc

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: