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News & Articles
Oil demand to halve as we switch efficient vehicles
Demand for oil in New Zealand could almost halve in the next 20 years because of more efficient cars, hybrid and electric vehicles and the use of biofuels, a report featured in the NZ Herald indicates.
The Ministry of Economic Development energy outlook report finds if there is high uptake of alternatives, oil demand would drop by 40 per cent.
Click here for the full story. (Grant Bradley, NZ Herald).
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