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The Times Australia

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

  • Written by: Jen Purdie, Senior Research Fellow, Centre for Sustainability, University of Otago
Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add upGetty Images

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

But it flies in the face of projections that demand for oil could peak as early as this...

Read more: Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

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