Petroleum is GOING... Going... and almost gone, but so is 'Solar Systems' which offers alternatives for diesel communities
Estimates for annual petroleum production, for the year 2030, are shrinking, year by year. The 'World Energy Outlook', in 2005, estimated 125 to 130 million Barrels; next year it was 116 million, then 110 million, and by 2008 was only 105 million barrels -- all for the same year: 2030.
The International Energy Agency has a lot to answer and the Australian government should take advice on this from the Department of Foreign Affairs Intelligence Service rather than relying on the politicised and inept government organisation ABARE for oil price prediction.
Meantime, the Australian 'Solar Systems' company, which can produce alternatives to petroleum fuel, is to be wound up, giving rise to a protest at Lindsay Tanner MP's office.
Scott Bilby and Matthew Wright talk about the IEAs revised oil reserve figures
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