Think Tank: Urgency Picks Up for Alternatives

The Age – AUSTRALIA’S dwindling crude oil reserves will run out within seven years at current production rates, if there are no new discoveries.

Likely further finds will only delay the inevitable: the nation’s fleet of 13,920,105 vehicles will become increasingly reliant on oil imports, unless and until alternative fuels fill the breach.

The decline of the nation’s oil reserves has been long predicted. But a combination of other international factors has highlighted the need for alternative fuel sources: climate change concerns, sky-high fuel prices, a reliance on imports, and discussion about when the world will have used more oil than is left underground.
The Age