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Whither peak oil at Rudd's 2020 Summit? : Comments
By Michael Lardelli, published 10/4/2008It's widely accepted and little-talked-about that we are running out of oil. The 2020 Summit continues that silence.
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come from OPEC countries, however some does.
We import it because we have no choice, it is import or introduce
rationing now. We have a little over 50% of our needs.
We are committed to importing more each year and paying ever higher
prices for what we import.
We do not have the enormous resources of oil that the conspiracy
theory pushers insist are sitting out in the desert just capped and
waiting for the prices to get higher.
Well on second thoughts, maybe there are capped wells waiting for
the prices to reach $500 barrel and so become economic.
They won't help much however, it is just too big a problem for a
couple of new fields to do more than slow down the fall in supplies.
It is this dismal future that the politicians are too frightened to
face up to. As much as I dislike the thought the Greens seem to be
the only political party to recognise the problem for what it is.
Their problem is they are so wrapped up in global warming that their
cures are worse than than the disease.