Transport energy futures: long-term oil supply trends and projections (Australian peak oil report)
An peak oil report for the Australian government has just surfaced. Although the report was finished in 2009, it apparently was never released to the public and does not appear on a government website.
Conclusion: “the prospects for the potential supply of world conventional petroleum liquids can be summarised as ‘flattish to slightly up for another eight years or longer (depending on the duration of the global economic slowdown) and then down’. Such a finding poses challenges for global transport and more generally, given the magnitude of the downturn foreseen for the rest of the century, and given the inertias inherent in our energy systems and transport vehicle fleets”
(Excerpts. Link to complete report.)
January 20, 2012