Re: Peak oil - 4 Corners ABC TV Monday 10/7/06
Chris, thanks for responding. Australia's oil production peaked in 2000. The type of drilling methods that have been used on the existing fields (sometimes referred to as 'bottle brush') has damaged the fields so that amount of oil that will be recovered will be less than originally forecasted. Its estimated that by 2015 Australia's fields will only be able to provide 20% of its demand for oil.
[FromThe Herald Sun]The Australian Petroleum Production and Exploration Association (APPEA) and consultants Wood Mackenzie found local oil production had already fallen from about 80 per cent of domestic demand to about 60 per cent in the past decade.
But that could plummet to as low as 20 per cent by 2015 without major new oil discoveries.
Australia's crude is very light and makes good petrol. Unfortunately, we do not have the type of crude that is used in making diesel. Almost all of Australia's diesel fuel comes from sources overseas. Our commercial agriculture, mining and transport use diesel fuel.
If the Government's target for biofuels is met, then it will only provide 1% of the liquid fuel necessary to keep business as usual. Unfortunately, as the Landline program indicated, the politics of biofuels will prevent even that pathetic target from being met.
There is presently a Senate Committee that is looking into the issue of Australia's oil security. They are taking submissions and the submissions are available for public scrutiny. Here is a link - http://www.aspo-australia.org.au
Chris, thanks for responding. Australia's oil production peaked in 2000. The type of drilling methods that have been used on the existing fields (sometimes referred to as 'bottle brush') has damaged the fields so that amount of oil that will be recovered will be less than originally forecasted. Its estimated that by 2015 Australia's fields will only be able to provide 20% of its demand for oil.
[FromThe Herald Sun]The Australian Petroleum Production and Exploration Association (APPEA) and consultants Wood Mackenzie found local oil production had already fallen from about 80 per cent of domestic demand to about 60 per cent in the past decade.
But that could plummet to as low as 20 per cent by 2015 without major new oil discoveries.
Australia's crude is very light and makes good petrol. Unfortunately, we do not have the type of crude that is used in making diesel. Almost all of Australia's diesel fuel comes from sources overseas. Our commercial agriculture, mining and transport use diesel fuel.
If the Government's target for biofuels is met, then it will only provide 1% of the liquid fuel necessary to keep business as usual. Unfortunately, as the Landline program indicated, the politics of biofuels will prevent even that pathetic target from being met.
There is presently a Senate Committee that is looking into the issue of Australia's oil security. They are taking submissions and the submissions are available for public scrutiny. Here is a link - http://www.aspo-australia.org.au
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