International

Reply from Minister Turnbull on Oil Depletion Protocol

Earlier this year ACT Peak Oil delivered copies of The Oil Depletion Protocol by Richard Heinberg to a number of federal MPs. So far we have received one response, from Minister Turnbull.

Seminar with Dr Roger Bezdek

Body:
Dr Roger Bezdek will be speaking at a parliamentary briefing on Peak Oil. Dr Roger Bezdek is co-author of the Hirsch Report, the first public report about Peak Oil commissioned by the US Government. This makes him the "Stern-equivalent" in the realm of Peak Oil.
Hosted by ASPO Australia and Senator Rachel Siewert.

Peak Oil FAQs

What is peak oil?
Peak Oil is the point where the world has reached peak extraction of oil - half of the world's oil supplies will have been extracted and production will forever decline afterwards. The theory and observations began with primarily with the work of M. King Hubbert who in 1956 predicted that conventional oil extraction in the lower 48 states of the US would peak around 1970 – production peaked in 1971.

Extraction from oil fields follows a bell curve. A collection or region of individual oil fields will also follow a bell curve and with enough data a curve for oil extraction for the entire world can be developed. Increasingly evidence is providing a picture that oil extraction has either peaked or will peak by 2010.

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