Peak Oil News and Message Boards

PETROL could hit $8 a litre within a decade as oil production begins to dwindle and demand continues to soar, a CSIRO study to be released today says.

The study, Fuel For Thought, warns this would add up to $220 a week to the cost of running a medium-sized passenger vehicle by 2018, resulting in severe social and economic consequences.

http://www.smh.com.au/news/national/pet ... 37458.html

Will be interesting to see the public reaction to this report seeing as the CSIRO is quite respected, it's getting a flogging on 'Sunrise' already...

You talk about the Australian institution CSIRO? I don't think there will be a lot of reaction because it will not be a headline in the media.
"Courier Mail" is absolutely useless, and the TV does not inform either. I don't know about other newspapers but they don't seem to be much better.

IMSancho wrote:

PETROL could hit $8 a litre within a decade as oil production begins to dwindle and demand continues to soar, a CSIRO study to be released today says.

The study, Fuel For Thought, warns this would add up to $220 a week to the cost of running a medium-sized passenger vehicle by 2018, resulting in severe social and economic consequences.

http://www.smh.com.au/news/national/pet ... 37458.html

Will be interesting to see the public reaction to this report seeing as the CSIRO is quite respected, it's getting a flogging on 'Sunrise' already...

All of the economists and financial strategists are taking a doomerish stance in recent months. It seems they have seen the writing on the wall, or the data in the spreadsheet. Now imagine where we will be at next year at this time if supply has not increased significantly. Just think about that for a moment. CSIRO is the bomb.

Simmons has also come out recently very doomerish. Talking about his farm in Maine and everything. Maine get's cold in the winter.