Australian Government Report: Get Ready for Peak Oil

The report – Queensland’s Vulnerability to Rising Oil Prices – was tabled by the Minister for Sustainability, Climate Change and Innovation, Andrew McNamara, who authored the report as a backbencher before his appointment as a Minister last month.

“The focus of the report was the concept of peak oil – the point at which maximum world oil production is reached - which is predicted to lead to shortages and consequent significant price increases. More