Research president discusses the economic threat of peak oil

Well, as we said earlier, the price of oil reached a 10 month high yesterday making a debate about the realities of peak oil timely. Peak oil is when the world’s oil production literally peaks before going into terminal decline with dramatic ramifications for global economy. Just when that time will come is the subject of intense debate, though the issue receives far less coverage than the related focus on climate change. One man who’s urging global action is Dr Roger Bezdek, president of the Washington-based research firm Management Information Systems. He’s written two reports for the US Department of Energy on how to mitigate the possible effects of peak oil and he’s spending the next two weeks in Australia talking to Government and industry leaders. He joined me from our Canberra studios earlier this evening.


ABC (transcript and video)