oil supply

This article appeared in the Dominion Post (Wellington) on Monday 21 July.

Over a barrel - a new vision needed

In November 2007, when the world oil price was nudging US $90 per barrel, I wrote an article entitled “The Future of Oil” for the Dominion Post. The article explained that oil prices were rising because world oil production had been virtually static since 2005, while demand had continued to rise.

This is the text of a feature article I wrote which was published in the Dominion Post on Friday 2 November. It hasn't appeared on the Stuff web site, so I'm making it available here.

You might be wondering "what has this got to do with climate change"? As the article describes, the problms of dwindling oil supplies and climate change need to be addressed together.

- Tim

The Future of Oil

Oil prices have grown strongly since 2004, and recently spiked over US $90
per barrel. Speculation, international politics, exchange rate changes,
and the risk of terrorism and war have all played a part. But the basic
reason is that world oil production has not grown since 2006, while demand
continues to increase.