[Peakoil] Oil chiefs slammed over dwindling supplies

[Antony Barry]

Oil chiefs slammed over dwindling supplies

April 17, 2007 02:20pm
Article from: AAP

THE Australian Democrats have criticised oil industry executives  
meeting in Adelaide for failing to discuss the issue of the world's  
dwindling oil supplies.

The party's Senate candidate in South Australia, Ruth Russell, said  
some former industry executives and independent commentators believed  
peak oil could be reached by 2010.

Peak oil is the point at which global oil production starts to decline.

Ms Russell said at that point petrol prices would rise dramatically,  
pushing up transport costs and growth prices.

"It is outrageous that the annual Australian Petroleum Production and  
Exploration Association conference, being held in Adelaide right now,  
does not even list the problem of peak oil on its agenda." she said.

More at <http://www.news.com.au/adelaidenow/story/ 
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