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http://act-peakoil.org/?q=blog/78 en http://act-peakoil.org/?q=node/75 <p>Australia's own 'peak oil'</p> <p>Resources and energy minister Martin Ferguson has warned the country's growing dependence on imported energy could reach critical proportions, speaking at the Australian Petroleum Production and Exploration Association conference in Perth.</p> <p>“With only about a decade of known oil resources remaining at today's production rates, Australia is looking down the barrel of a $25bn trade deficit in petroleum products by 2015,” Mr Ferguson said.</p> <p><a href="http://act-peakoil.org/?q=node/75">read more</a></p> http://act-peakoil.org/?q=node/75#comments News Tue, 08 Apr 2008 17:57:16 +1000 piper 75 at http://act-peakoil.org