Alternative Fuels Australia

Expert calls for Australian peak oil study

Posted by Car Geek on June 28, 2007

Visiting US peak oil expert Dr Roger Bedzek is calling on the Australian government to immediately study the effects that peak oil would have on Australia. The former White House consultant is in Australia to give a series of lectures on the theory of peak oil, which states that oil production rates will soon reach or has already reached its highest point. He suggested that Iran’s recent controversy regarding its domestic fuel restrictions highlight the effect that a drop in oil production may have.

“The problem is we’re so tightly stretched now there’s no slack in the system, so even minor perturbations in the system, such as reduced output from Iran, affects the entire world.”

To counter this potential problem, Dr Bedzek is calling on Australia to investigate “possible, aggressive actions on both its supply side and on the demand side”, including energy effeciency measures in transport and alternative fuels including biofuels, hybrids and liquid fuel from coal, as soon as possible to mitigate the effects that peak oil might have.

“It’s going to take a long time, in terms of changing development patterns, running rail and light rail systems, mass-transit systems out to the suburbs and that,” he said.

“If you don’t try to take these kind of mitigation options starting immediately, the ultimate cost to Australia will be many billions more than that [the investment in making the changes].”

(Sources: ABC News, NineMSN)


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