Thursday, July 28, 2005
"The impact of oil depletion in Australia: A crucial factor for the transport sector"
A lecture by Bruce Robinson
Bruce Robinson (of the Sustainable Transport Coalition, Perth WA), argues that global oil extraction will start its final decline sometime in the next five to ten years . He bases his assertions on data from a variety of sources, and no doubt from the fact that Brent Crude looks high and stable at $60 pb .
We are thus nearing 'peak oil'. At that moment the planet will not have run out of oil; far from it. But it does signal the beginning of the end. Peak oil is defined by the passing of peak production. Supply will begin a steady downward drift and continued high demand will send its price soaring. This is the 'big roll over'.
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"The impact of oil depletion in Australia: A crucial factor for the transport sector"
A lecture by Bruce Robinson
Posted by Living with Matilda at 9:35 PM
"Myth: Oil companies do not produce oil. They extract oil."
Bruce Robinson (of the Sustainable Transport Coalition, Perth WA), argues that global oil extraction will start its final decline sometime in the next five to ten years . He bases his assertions on data from a variety of sources, and no doubt from the fact that Brent Crude looks high and stable at $60 pb .
We are thus nearing 'peak oil'. At that moment the planet will not have run out of oil; far from it. But it does signal the beginning of the end. Peak oil is defined by the passing of peak production. Supply will begin a steady downward drift and continued high demand will send its price soaring. This is the 'big roll over'.
Read full article >>
Posted by Living with Matilda at 9:35 PM
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