The Forum > Article Comments > The coming liquid fuel crisis > Comments
The coming liquid fuel crisis : Comments
By Jenny Goldie, published 2/11/2010Lack of oil will be a problem within two to five years, but there are solutions according to a Washington DC conference.
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"Good article Jennie but I fear that
it will fall on deaf ears. I wonder
why the major parties ignore it or
they really do not know about it?"
Sarnian's comment is seemingly supported from within the article itself, where it concludes:
"Australia imports 40 per cent of its oil.
We are not immune from the coming oil crunch.
Perhaps it was apocryphal, but the story goes
that Opposition leader Tony Abbott was
overheard saying to an adviser at the beginning
of the year: "Peak Oil? Do we know about Peak Oil?"
Let's hope our new Prime Minister does know
and acts accordingly."
The conundrum of which I speak is revealed by this quote from the Underground Coal Gasification - Gas to Liquids Information website home page, http://www.ucg-gtl.com/ , which inter alia states:
"The rapid roll out of UCG-GTL will see Australia
become a net oil exporter and a dominant, long term,
supplier of ultra clean, relatively cheap, liquid fuels
to Asia and pleasingly many of our Government's
senior ministers "get it"."
It is encouraging to see the article author, Jennie Goldie, engaging in this discussion under the OLO userID of 'popnperish'. Jennie, have you any explanation for what appears to have been the blanket of silence that has covered both the Linc Energy UCG-GTL production plans, and the arguably world-significance (a tripling of world reserves) of the central Australian Pedirka Basin deep coal seams revealed by Central Petroleum over the last couple of years?
I might add that I recall seeing projected GTL production costs of the order of $60/barrel crude oil equivalence for one of the UCG-GTL proposed central Australian developments, but have temporarily lost sight of the reference.
Am I correct in thinking the Australian public is being kept very much in the dark on this?