Historic Peak Oil Motion Defeated In Australian Senate

Peak oil is the point in time at which maximum oil production occurs and after which production declines. Peak oil has already happened for nearly all oil producers including the US and Venezuela (in 1970), Indonesia (1991) and Russia (2007), with peak oil rapidly approaching in Kuwait (2013), Saudi Arabia (2014) and war-torn, US-occupied Iraq (2018).

Aside from the evident arrival of Peak Oil with record, business as usual (BAU) oil consumption (with the booming economies of China and India also demanding their fair share), future use of oil for transport and heating is contraindicated by (a) the massive and growing use of scarce oil resources as the feedstock for industrial production of plastics and pharmaceuticals and (b) the urgent need, according to top climate scientists, to return atmospheric carbon dioxide (CO2) from the current, dangerous, climate-disrupting 390 parts per million (ppm) to a safe and sustainable level of 300-350 ppm.

Sensible people have recognized the problem of Peak Oil for decades