Australian Senate inquiry into future oil supply and alternative transport fuels

This inquiry was prompted by the question of whether Australia should be concerned about ‘peak oil’. This term refers to the theory that, for fundamental geological reasons, global conventional oil production will reach a peak and then start an irreversible decline soon enough to be of concern.

Limits to Growth co-author says collapse due to climate possible

It is unlikely that oil scarcity will prove capable of triggering a global collapse, according to Norwegian scholar Jorgen Randers, co-author of the prophetic 1972 book The Limits to Growth. “The period of high oil prices will give strong stimulus for increased energy efficiency,” he said. However, the rapid increase in emissions of climate gases does have the potential to cause a collapse.

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