NZ Prime Minister out of the closet on Peak Oil

As the price of oil hangs at record heights, unmoving, like a pall threatening to choke economies and festering the sore that is inflation (October delivery contracts on the NYMEX are over US$75 a barrel), the cattle-class as well as the impotent media transfixed by daily trivialities and titillations by and large continue to remain clueless as to why we are paying almost $1.80 a litre at the pump.

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