[Peakoil] Senate Oil supply report to be released

[Antony Barry]

Oil supply report to be released


February 5, 2007 - 4:04PM

A Senate report into Australia's future oil supply will be released  
on Tuesday.

It comes as peak oil theory experts and environmentalists prepare to  
link growing concern about global warming to the over use of oil.

Peak oil theory predicts crude oil reserves will run out, with some  
warnings suggesting that little more than 50 years supply is left.

A UN linked panel of scientists declared last week that human  
activity was almost certainly the major cause of global warming which  
threatens to melt ice caps and raise sea levels dramatically.

The interim report of the Rural and Regional Affairs and Transport  
Committee linked oil use to global warming.

Committee chair Australian Greens senator Rachel Siewert says the  
link between the two issues of oil vulnerability and climate change  
must be accepted by the federal government.

"The government needs to be taking issues around oil vulnerability  
extremely seriously," she said.

The Australian Association for the Study of Peak Oil and Gas, a body  
of environmentalists and oil experts, highlighted in its submission  
to the Senate inquiry the need to reduce car use to help avoid the  
possibility of oil running out.

"Scientists who warned us for ages about climate change were ignored  
and derided," association spokesman Bruce Robinson said.

"Now, droughts, hotter temperatures and melting glaciers are showing  
the warnings should have been heeded earlier and action taken."

Source:<http://www.theage.com.au/news/National/Oil-supply-report-to- 
be-released/2007/02/05/1170524012584.html>

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