Russel Norman

Oil imports

by Russel Norman

New stats on imports and exports today. Once again a big surge in the value of oil imports.

$635 million of petroleum (and products) imported for the month of April, a rise of 13.2% over April 2007. For the year ended April 2008, the total value of petroleum (and products) imported was $6,504 million, a rise of 8.9% over the previous year. 

Not to worry, Labour will keep spending about $6/$7 on roads for every $1 spent on public transport. And National will spend more.

Of course they say the market will sort it out. But govt spending on transport is not the market, it’s the state, and the state is controlled by people whose understanding of the world was formed at a time when oil was cheap and they still haven’t realised that that time is over.

If you ever wondered why the last tree was cut down on Easter Island just have a look at our parliament.

Published in Environment & Resource Management by Russel Norman on Mon, May 26th, 2008   

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