Peak Oil mentioned in the New South Wales Upper House

Yesterday crossbench members received a briefing about peak oil. This is the idea that the world’s supply of oil will peak sometime between 2007 and 2013, and that is as much oil as we will ever have. Our reliance on oil is increasing. The policies of this Government do nothing to identify and provide alternative fuels, and we will continue to experience problems as we build motorways instead of rail infrastructure in our cities. So the peak oil concept is important. It may be that the neo-conservatives in the United States of America are shoring up the supply of Iraqi oil, no matter what happens. That is one explanation for the rise of the neo-conservative philosophy.