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The developing scandal around the International Energy Agency and peak oil : Comments
By Michael Lardelli, published 18/11/2009According to whistleblowers the IEA has overestimated the rate of future oil production because of pressure from the US.
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I agree that natural gas is The Next Big Thing. The Chinese are a step ahead of us and have already taken most I think of future Gorgon output. Since politicians are afraid of nuclear power (again unlike the Chinese) it seems like one effect of the CPRS will be to replace coal with gas fired baseload electricity. At the same time most heavy vehicle operators will find that batteries don't give the range they want so they will switch from diesel to compressed natural gas CNG. Then to repair the trade deficit we will export more liquefied natural gas LNG. Then what? It's hard to see semitrailers driving interstate on batteries.
It is a worry that supposedly solid economic citizens have lied to us. IEA's renewable energy figures for Australia are often referred to so hopefully they are OK. It raises the possibility that major coal users will also start fibbing to take the political pressure off.