KiwiSaver - Update
- 00:04:25
- YouTube
KiwiSaver - Update
25 August 2008 KiwiSaver - with a business as usual scenario - certainly looks to be a sure thing But Business is not normal and will not be anything like normal heading into the future. The 2005 report by Robert L. Hirsch titled Peaking of World Oil Production: Impacts, Mitigation and Risk Management for the US Department of Energy has the following opening paragraph for it's executive summary. The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Many oil analyst's predict that Peak Oil if it has not already occurred will more than likely to have occurred by 2015. The well known Texas oil billionaire and chairman of BP Capital, T. Boone Pickens believes that we have already peaked in 2006. T. Boone Pickens: we peaked last year, globally see youtube video = lweCK8spBX8 My area of concern is if the world is entering a new stage of energy constraint, the assumption's that underpin KiwiSaver may cease to be relevant. Mary Holm has been repeatedly asked about the question posed here - she has not bothered to answer my numerous emails - she doesn't have a clue about the coming clusterf*ck.
YouTube | September 19, 2008
