[Peakoil] Peak Oil in Senate Question Time yesterday

[Keith Thomas]

On 09/08/2006, at 1:55 PM, POLLARD,Sandy wrote:

> Ah, the triumph of market ideology over risk management!
>
> My favourite:
>
> "Of course, the extent to which there is exploration for and discovery 
> of oil is a function of price."
>
> 'Exploration for' perhaps. Price and tax breaks. 'Discovery'- nah. 
> Sorry, that's past biology combined with geology.
>
> But don't worry. To quote the government's 2004 Energy White Paper:
>
> "Despite increasing demand for oil, there are sufficient reserves to 
> supply world demand for around 40 years."
>
And that would be 40 years from 2003 at 2003 rates of use.

Keith Thomas