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Peak Oil News Saturday August 19th 2006
Petrol $2 Aus/Litre by Christmas
A WORLD oil expert predicts the price of unleaded petrol in WA will crash through the $2 mark this summer. London-based expert Chris Skrebowski arrives in Perth today for talks with the WA Government and to speak at a conference about the oil crisis. Mr Skrebowski, the editor of the Petroleum Review journal, believes "peak oil'', when world oil production starts declining, will occur in 2010 or 2011. He said WA motorists' pain at the bowser would worsen. "It's certainly going to go through $2 in the not-too-distant future,'' Mr Skrebowski said. "You could see it as early as Christmas, or the beginning of next year. In most of Europe, they're paying rather more than that (now).'' He said in the long term Australians could expect to pay a lot more than $2 a litre.
Hirsch on responding to peak oil
For peak oil geeks, the Hirsch Report is a document of near-Biblical significance. It was written by Robert Hirsch at the behest of the Department of Energy, and published in 2005. It's disappointing, then, to hear what Hirsch personally recommends as a response to peak oil. Over at Transition Culture, Rob Hopkins reports on a talk by Hirsch at the (ongoing) International Peak Oil and Gas Conference in Pisa, Italy: What he basically argued was that we need to plan for keeping all the US's cars on the road, so how can we do that? By using the fuels that are technically feasible to bring onstream in time for the peak, such as coal to liquids and the tar sands, at a cost of $1 trillion per year, this could be done, so we need to get on with it...