Peak Oil Warning (audio)

The International Energy Agency has issued a warning this week that global oil production will peak in about 10 years time.

The chief economist at the IEA, Faith Birol, says that without an adequate government response – oil shortages could precipitate a worldwide economic and industrial collapse.

…Some analysts are saying that the state and federal governments are completely unprepared for peak oil.

Bruce Robinson from the Australian Association for the Study of Peak Oil and Gas spoke with 2SER