cfsmtb in low earth orbit

Thursday, August 26, 2004

We'll All Be Rooned!

Australian oil production in decline
A new study has bad news for motorists hoping to see a sustained fall in petrol prices. The international report, published in London overnight, has found that oil production in Australia is not only in decline, but is dropping at a rate far greater than almost any other oil producing country. At the same time another recent study showed demand for oil growing at a rate greater than previously thought.

Peak Oil article from the ABC, the issue finally hits the mainstream media. We're waiting until "Today Tonight" picks up & gives it a shonky doom n' gloom spin.


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