Fitzsimons: Surely the time is now?

Oil prices have doubled in 18 months. Our oil dependence is showing up in the current account deficit and in the inflation rate. During the last few months I’ve been meeting with groups of 100 or so people around the country and showing The End of Suburbia. Citizens, unlike governments, are taking it seriously and are deep in discussion about what we should do.

New Zealand has passed peak gas. Our gas reserves peaked in 2001 and Maui is in rapid decline. New finds are likely but uncertain and will almost certainly be much smaller and much more expensive.

Scoop