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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2006 Newsletters
:
7 July 2006
Thought for the Day
World-wide Oil Shale reserves are estimated to be as high as 14 trillion barrels and are economical at an oil price of $50. This resource alone will last us many centuries.
Bjorn Lomborg who wrote "The Skeptical Environmentalist" and who is an ex-Greenie estimates that we have enough reserves for the next 5000 years.
I think this Ayn Rand quote says it all: "The truth is not for all men, but only for those who seek it."
When will the Greens stop panicing and peaking and let our politicians concentrate on getting steady economic growth of 4% or 5% per year.
May 2, 2006, 08:39
Newsletters
:
2006 Newsletters
:
7 July 2006
Oil Reserves
According to BP the world had 1.2 trillion barrels of proven oil reserves at the end of 2005. If the world continues consuming oil at the same rate then these reserves will run out in 41 years.
Fortunately we know that oil demand depends on price so as the price rises the demand falls. But economies grow and the demand for oil may still rise. Fortunately the increasing price for oil causes more exploration (the great south basin below NZ is one example) and our proven reserves will continue to be around 30 or 40 years as they have been for more than a century now.
Also the Canadians are extracting oil from their sand deposits now and the Americans are looking at their shale oil deposits.
Looks like plenty of oil for the next century or two.
Jul 4, 2006, 09:33
Newsletters
:
2006 Newsletters
:
7 July 2006
A Toll on The Common Man
Why are taxes on companies bad for workers? What do the Germans know that our Labour government does not? What is wrong with Cullenomics? Read this Economist article to see what is happening in "old" Europe.
We are becoming a high tax country and Australia is becoming a low tax country (although it still has a long way to go). As we continue along this path we will see more and more businesses moving to Australia and fewer jobs at lower wage rates in New Zealand.
The Economist is completely unbiased in its assessments. The evidence is in and examples abound. Cullenomics dooms us to a low wage economy.
Jul 3, 2006, 11:54
Newsletters
:
2006 Newsletters
:
7 July 2006
Price Controls on Labor
Some of our politicians continue to labour under economic misapprehensions. How can we hope to have a high growth and high wage economy if our leaders insist on putting legislation in place that condemns us to low wages and low growth?
Read what Professor Sennholz has to say:
Jun 28, 2006, 12:05
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