Peak Oil story on Catalyst

Last night Catalyst (ABC TV) had a special program called Oil Crunch. It was very interesting and the website has extended interviews. It included an interview with Dr Fatih Birol (the head of the International Energy Agency) who

just 5 years ago was confidently saying oil production will rise to 120 million barrels a day by 2030.

He now thinks that

the crude oil production has already peaked in 2006.

The show goes on to question the Agency’s prediction for oil production over the next 20 years because these predictions are based on

an extraction rate of oil that’s at least twice as high as anything that’s been historically done.

As we saw with the Deepwater horizon spill, much of the remaining oil is going to be harder to extract not easier. (As an aside, I am quite worried about the threat to the Arctic posed by oil drilling.)

There was also a story on AM (ABC radio) suggesting that the age of cheap oil is over and that

The International Energy Agency says government’s around the world need to rethink their reliance on oil.

I wonder when we will see signs that we are really listening.

About Graeme Stuart

Lecturer (Family Action Centre, Newcastle Uni), blogger (Sustaining Community), environmentalist, Alternatives to Violence Project facilitator, father. Passionate about families, community development, peace & sustainability.
This entry was posted in Environmental sustainability and tagged , . Bookmark the permalink.

I'd love to hear what you think!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.