Sunday, 15 July 2007

Peak Oil

With oil set to reach $80 per barrel in the next few days, this topic will affect our international politics in the coming months. With the US government finally producing a report admitting the potential of Oil depletion in the near future and it's impact on world economy, parliament have started to act.

U.K. Parliament Members Form `Peak Oil' Group to Study Reserves

July 10 (Bloomberg) -- The U.K. parliament formed a group to study peak oil, the theory that world oil production is approaching its zenith, as British lawmakers face up to the country's future as an energy importer.
The All-Party Parliamentary Group on Peak Oil and Gas, which held its first meeting June 26, comprises 32 members of the House of Commons, or lower chamber, and seven from the House of Lords, or upper chamber.
It aims to collate predictions for when production may peak and consider the implications for energy policy, rather than push a particular view, said the group's chairman, John Hemming, a Liberal Democrat MP for Birmingham Yardley, central England.

The All Party Parliamentary Group on Peak Oil and Gas (APPGOPO) now has a website:

They are holding an open meeting at Portcullis House on the 24th (see website) with a presentation from David Strahan author of a recent book on oil depletion - he doesn't appear to be the most conservative of the ever-growing group of authors on this topic - but perhaps a shock is what is needed - or will it turn-off the audience? If anyone can get along to it I would love to hear about it.

I could argue that Peak Oil is imminent or that's it's a ploy by BIG OIL to push up prices. But I think policies for reducing car use must be implemented in the very near future - something for NEC to consider.

Why do many people commute when they could just as easily work from home in this telecommunications age?

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