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Peak Oil – An Agenda for New Zealand
At present, world conventional light crude oil production is barely keeping up with rising demand. At some point, conventional light crude oil production will peak, and then decline – a phenomenon commonly known as “Peak Oil”. This will lead to a sharp, sustained rise in world oil prices, at which point the world will have entered the post-cheap-oil age. …
Because the implications of Peak Oil are so serious for New Zealand, SEF recommends that the Government, and individuals, start planning for “the Peak Oil crisis” now.
July 11, 2005
