PEAK OIL extra bad fo Kiwis

Moped · Posted: Tue Apr 22, 2008 10:34 pm Post subject: PEAK OIL extra bad fo Kiwis

NZ petrol prices are currently just under $2 a litre, the US kiwi exchange rate has been sitting at about 80 cents for several months, NZ interest rates remain sky high, but US rates have dropped markedly. The only thing holding the petrol price under $2 is the high exchange rate, but even with high interest rates the NZ dollar hasn't made any ground. With the reserve bank act in place and inevitable inflation increases, the only way for interest rates to go is up, at the expense of home owners and exporters, if they drop, the the exchange rate will plummet, and this will push petrol prices into the $3 - $5 range.

All our big earners rely heavily on energy, ie tourism relies on cheap airfares, and agriculture relies heavily on energy during production and to market. Top it off with a very poor public transport and dominance of trucks for transport of everything.

Might be time to head for the bush.
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Moped

americandream · Posted: Tue Apr 22, 2008 11:15 pm Post subject: Re: PEAK OIL extra bad fo Kiwis

Yup. I heard that 95 topped $2. It's business as usual though with the sheep.
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Bugger me, I hear oil's runnin out mate!

BigTex · Posted: Tue Apr 22, 2008 11:34 pm Post subject: Re: PEAK OIL extra bad fo Kiwis

You guys are crazy.

Enjoy life down there.

There are a lot worse places to be.
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Smile

pedalling_faster · Intermediate Crude Joined: Dec 10, 2005 Posts: 830

plus you guys got 9Z - or is it 7Z - i forget the way
the fish scientists classified it.

a 9 meter long great white shark, seen at NZ
surf breaks & beaches about 5 years ago.
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