[Peakoil] John Hofmeister on Lateline Business

[gillmk@iinet.net.au]

Thanks Jenny & Matt. Much appreciated. I am not sure of way fwd but I think grassroots is powerful and PO publicity & FF divestment campaigns cld achieve a lot.

Gill

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----- Reply message -----
From: "Jenny Goldie" <jenny.goldie at optusnet.com.au>
To: "ACT-PeakOil mailing list" <peakoil at act-peakoil.org>
Subject: [Peakoil] John Hofmeister on Lateline Business
Date: Thu, Aug 8, 2013 12:54 pm


http://www.abc.net.au/news/2013-08-07/extended-interview-with-john-hofmeister/4872322?section=business

Matt Mushalik summarised as follows:

Energy Reserve Authority in every Western democracy needed because short 
term thinking politicians have failed to deal with energy and 
environment in manageable, systematic, coherent way. We seem to rock 
from issue to issue with no resolution. Let's learn from the monetary 
system and apply the same principles to energy and environment. 
Parliament must enact legislation to create an independent board of 
governors to operate in the interest of the nation not party politics of 
the day and the election cycle.

Shale oil and fracking will not make the US energy independent.8 mb/d 
import requirement. Doesn't change the energy system from a hydrocarbon 
based economy to a light carbon or non-carbon system. Perpetrates 
existing reliance on fossil fuels without making the bold, brave and 
necessary decisions to move forward with new technology.

Australian coal seam gas exports threatening domestic supply. US has 
export control device for natural gas and crude oil. Permits required. 
Products can be exported. Hofmeister is strongly advocating use of  
natural gas as transport fuel to replace imported oil for trucks, cars, 
buses. But there would not be enough gas to do all that and export gas 
at the same time.

Domestic reserve to underpin domestic manufacturing. Dow Chemical is 
arguing for this as feedstock. In the US, 30 gas export terminal 
applications would be serious drain on gas supplies.

International companies are not national, but global companies. Free 
trade, free movement. There has to be a balance between IOC interests 
and national interests. Current political process is not going to 
deliver this balance.Independent authority needed. IOCs hope that 
Hofmeister goes away. Hofmeister is focussed on grassroots, the people 
who vote, not people who pay politicians for their campaign expenses. 
Hofmeister looking forward to come to Australia to talk to grassroots 
folks. Citizens have to understand what's at stake: affordable, 
available and sustainable energy
Jenny Goldie
256 Baroona Road
Michelago   NSW   2620
02 6235 9190
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