Greens predict oil crisis in 10 years

“The end of cheap oil is coming towards us with the force of a tsunami and New Zealand is not ready,” she said.

Oil consumption had been so extravagant that in one century the world had used up about half of the planet’s resources and demand was continuing to grow.

When the half-way point in oil reserves was reached – known as peak oil – it would become physically impossible to increase production and an oil crisis would occur