Oil Demand Restraint Options for New Zealand

• Client: Ministry of Economic Development
• Co-writer: Covec Limited
• Published: June 2005

This report presents the options for oil demand restraint and assessing their suitability for New Zealand.

The Ministry of Economic Development (MED) commissioned a study of the options available to New Zealand to respond in the event of a severe oil supply disruption. The study will assist MED to develop an Oil Emergency Response Manual.

This report provides an overview of the measures available to New Zealand, and a recommended programme of demand restraint.

Hale & Twomey worked with the economics consultancy Covec to review previous demand restraint experience, analyse options available and put together a recommended programme.

Table of Contents

• 1. Introduction
  • 1.1. Background
  • 1.2. Approach and Structure of the Report
• 2. The UK Fuel Tax Protests of 2000
  • 2.1. Changes in Travel Patterns
  • 2.2. Perceived Impacts of Fuel Shortages
  • 2.3. Responses to Future Shortages
  • 2.4. Lessons from the Crisis
• 3. Experience with Restraint Measures
  • 3.1. Overview
  • 3.2. Oil Demand Restraint
  • 3.3. Restraint for Other Products—Electricity
  • 3.4. Restraint for Other Products—Water
  • 3.5. Behavioural Change
  • 3.6. Efficient Rationing
  • 3.7. Lessons for Oil Demand Restraint
• 4. Restraint Options
  • 4.1. Introduction
  • 4.2. Oil Demand in New Zealand
  • 4.3. Components of a Response Plan
  • 4.4. Roles
  • 4.5. Monitoring
  • 4.6. Communication
  • 4.7. Voluntary Phase
  • 4.8. Mandatory Phase
  • 4.9. Rationing
  • 4.10. Minimum Sales
  • 4.11. Potential Measures for Other Transport Forms
  • 4.12. Summary of Analysis
• 5. Conclusions and Recommendations
  • 5.1. Conclusions
  • 5.2. Steps to be Taken Now
  • 5.3. Institutional Arrangements
  • 5.4. Communications Strategy
  • 5.5. Components of a Response Plan
  • 5.6. Groundwork for Individual Measures
  • 5.7. Information and Monitoring Systems
  • 5.8. Timeframes and Trigger Points
  • 5.9. Review
• Appendix
  • Annex A: UK Priority Uses
  • Annex B: Calculations of Effectiveness of Measures

Oil Demand Restraint Options for New Zealand: Final Report

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