New Zealand Prime Minister on Peak Oil

energybulletin.net -> oilcrash.com, evworld.com -> scoop.co.nz :

Matt Simmons energy investment banker and Peak Oil advocate argued that 2006 would be the year Peak Oil would be absorbed into the public consciousness as much as climate change and it seems he may be right. This week Helen Clark, New Zealand's Prime Minister joined a rapidly growing but exclusive club – she openly admitted the real reasons behind high oil prices, "because we're probably not too far short of peak production, if we're not already there" (audio).

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.

(2006-04-27 11:02:27 SGT) [Energy] Permalink

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