Peak oil is not the end of oil, but the end of cheap oil. From 2000 prices were steadily increasing, but in 2008 we saw them skyrocket. This had a serious impact on the world economy.
By the end of 2010, prices were climbing over US$100 a barrel again, threatening the global economic recovery. We can expect a future of volatile but increasing oil prices, and as the chief economist of the IEA has said, for the future of our economy and society “we need to leave oil before oil leaves us”.
Peak oil and climate change are two sides of the same coin. Long term solutions to both will be the foundation of a smart, green economy that works for all of us well into the future.
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Recent news about Peak Oil
The Government should stop its multimillion dollar tax breaks to the oil and gas industry and use the money saved to support the transition to clean energy, says Green Party energy spokesperson Gareth Hughes. More
The Green Party today welcomed Pure Advantage's commitment to an ambitious economic strategy that strengthens the economy and the environment. More
The National Government is gambling with New Zealand's economy by proposing the sale of further petroleum exploration permits in deep water, the Green Party said today. More
Does he stand by his statement, "We're not environmental bandits. If we don't believe drilling can take place in a way that is environmentally sustainable and wouldn't put at undue risk the environment, we wouldn't go with it."; if so, why? More
At his meeting with the boss of American oil giant Anadarko in November 2011, was the issue of making deep sea oil drilling a permitted activity under the EEZ legislation raised? More
"National MP Nick Smith is doing a disservice to the national debate on fracking," said Gareth Hughes Green Party energy spokesperson. More
The government has got the economics and politics of dangerous deep sea oil drilling wrong, said Green Party energy spokesperson Gareth Hughes today. More
Today's Environmental Protection Authority's (EPA) decision to rubber stamp the Transmission Gully motorway project is a poor decision that will see over a billion dollars of tax payers' money wasted, says the Green Party More
The Government must act responsibly and cancel wasteful spending on low-value highway projects following official warnings that the transport budget will blow-out in the coming decade, Green Party transport spokesperson Julie Anne Genter said today.
JULIE ANNE GENTER (Green) to the Minister of Transport: Has the Government reviewed its highway building programme in light of the warning in More
Protest against off shore drilling and the potential impact it will have on tourism in Kaikoura.
Have your say!
The Greater Wellington Regional Council is consulting on big changes proposed for bus transport in the Wellington region. More
It is with the greatest respect that I address this House for the second time.
It is with gratitude and humility that I stand here. Gratitude to those who have gone before, gratitude to all those who have taught me on my journey so far. More
Dr KENNEDY GRAHAM to the Minister responsible for International Climate Change Negotiations: Does he stand by his statement that "it is completely incoherent for the world to be now tentatively coordinating actions to put a price on carbon on the one hand, while simultaneously massively subsiding consumption of carbon"? More
Come and help celebrate sustainable transport on September 24th More