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Peak oil

Gareth Hughes MP
Gareth Hughes MP
gareth [dot] hughes [at] parliament [dot] govt [dot] nz (Email)

Peak oil is not the end of oil, but the end of cheap oil.

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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