Iran’s oil restrictions ‘a warning for Australia’

…Dr Roger Bezdek is an American petroleum economist currently in Australia to have talks with state and federal government officials.

He is an expert on what is called “peak oil”, the idea that we are already at or may even have passed the peak moment of exploration, and it will get scarcer and more expensive from now on.

Dr Bezdek says the events in Iran provide a warning for Australians.


“Even though they’re probably temporary and are indeed self-induced, they may just be a tiny precursor of what’s in store for the world as we approach peak oil and petrol shortages occur and prices increase and people are not able to get the petrol they require,” he said.

“It doesn’t take much to make people very angry, very quickly.”

ABC News