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Brent crude hit $112 a barrel last Friday. Goldman Sachs says it could reach $147 if the Strait of Hormuz stays closed; the futures market predicts it will be $86 in six months. Read more
Heather du Plessis-Allan discussed Dr Bryce Wilkinson's NZ Herald article on Newstalk ZB, drawing on his analysis of the 1970s oil shocks as a cautionary lesson for today's politicians. Dr Wilkinson argues that the government should resist pressure to intervene through price controls, subsidies, or fuel tax cuts, and instead rely on price signals and targeted income relief for the most vulnerable, while leaving risky energy investments to private capital. Read more
No fuel was available where I lived on the east side of Christchurch immediately after the 2011 earthquake. Power was out. Read more
Every year around Christmas time, the government provides a sneak preview of the coming year's budget. At the same time, Treasury provides its take on the state of the books. Read more
Walk through Wellington, and you will see plenty of empty shopfronts and shuttered cafes. Switch on the radio, and you will hear experts say this is the best time to buy a house in years. Read more
The Supreme Court’s Uber judgment (Rasier Operations BV v E Tū Inc [2025] NZSC 162) has delivered clarity of a sort. The Court dismissed Uber’s appeal, upholding the finding that drivers are employees when logged into the Uber app. Read more
Announcements earlier this month make the Emissions Trading Scheme a bit less credible over the longer term. The problem can be fixed – and relatively easily. Read more
Now that we’re getting towards the end of the year, and I’m getting towards the end of my time as a contributor to this newsletter, I’ve been thinking about the news story that most stood out for me this year and that best encapsulates my experience of this country. The obvious answer is the story of Ned the snail. Read more
The population of South Korea is about 51 million. In a hundred years, it will likely be about 11 million – a reduction of about 80%. Read more
This month’s Nobel Prize in Economics arrives at an opportune moment. The award to Joel Mokyr, Philippe Aghion and Peter Howitt for having explained innovation-driven economic growth provides a salutary reminder about what drives prosperity. Read more