OIL WATCH
(N.Z. Press Association) WELLINGTON, Nov. 13. The Cabinet Economic Committee was watching the oil situation, the Deputy Prime Minister (Mr Watt) said today. The Cabinet had not discussed the matter at its weekly meeting yesterday, and the Government was hopeful that New Zealand would not be adversely affected by the situation overseas. Asked what action might be considered, Mr Watt said: “I would not like to make a firm statement at
present. But we’re looking at this daily.” Later Mr Watt said the growing use of oil for electricity generation in New Zealand might come under review as a result of recent events in the Middle East. New Zealand might do better to use resources closer at hand. “I personally don’t think that you get the greatest value out of your natural gas by burning it to produce electricity, but I can’t see any other immediate use for it and we need electricity very badly.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19731114.2.34
Bibliographic details
Press, Volume CXIII, Issue 33382, 14 November 1973, Page 3
Word Count
157OIL WATCH Press, Volume CXIII, Issue 33382, 14 November 1973, Page 3
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.