Sunday, October 26, 2008

Green Party so wrong on oil

US$60 a barrel! That's right, it was never going back down, it was running out, panic panic, make you all pay for low carbon energy and transport modes you'd rather not use. All those predicting it would drop are wrong. You see the Greens have maniacally been cheerleading, gleefully, the rise in oil prices in the last year. Oh how wrong they have been...

Let's look at the forecasting geniuses got it wrong:

Greens describe Treasury, MED and Reserve Bank forecasts of prices dropping "dishonest" 20 February 2008
Greens debunk Treasury, MED and Reserve Bank view that oil will return to US$60-US$70 within two years 6 May 2008
Maybe we are at the peak now 7 May 2008
Greens debunk John Key's view that the supply side will respond 23 May 2008
Oil's going to hit US$150 a barrel - it's peak oil! 7 June 2008
There could be pre-emptive war against Iran because of the price of oil 20 July 2008
"We" need to do something about "our" reliance on oil 28 July 2008
Not believing oil will drop below US$100. 3 September 2008

Yes and they still have a "peak oil" policy which hasn't changed. It still believes in forcing you to pay for different transport modes, it doesn't believe that you make the best decisions about your energy and transport use. No.

Oil isn't running out, the price has dropped dramatically because demand has weakened, and supply increased at the peak of price in response to demand.

It's called a market- something the Greens can never understand, because they are far too busy planning for what hasn't actually happened. The price of petrol went up, and you and millions around the world drove less. Transport companies consumed less, so the price has dropped. Amazing really.

The only people disappointed with the drop in oil prices are the ecologists, who absolutely love people not being able to drive and fly, they want peak oil. They are looking for your vote to take your money to act as if it still is happening.

1 comment:

OECD rank 22 kiwi said...

The Greens are clowns.

Here's hoping they are not part of the next government of New Zealand.