Peak oil reports

In recent years a number of influential government and businesses agencies have issued reports warning of the consequences of peak oil and the need to respond with urgency.

You can download some of these reports by clicking on the links below.

The information and opinions that they contain are unequivocal – business as usual is no longer a viable option for the planet.

The Australia Institute’s report Running on Empty says:

…skyrocketing oil prices are likely to result in severe disruption to economies, with central banks raising interest rates to slow runaway inflation, people out of work, famine, hunger and serious civil unrest. It is a scenario that governments and their constituents should be attempting to avoid at all costs but so far very little has been done to prepare for or contend with the eventuality.

Lloyds of London’s report Sustainable Energy Security (white paper) says:

International oil prices are likely to rise in the short to mid-term due to the costs of producing additional barrels from difficult environments.

Britain’s Peak Oil Taskforce’s report The Oil Crunch says:

Oil shortages, insecurity of supply and price volatility will destabilise economic, political and social activity potentially by 2015

The Queensland government EPA report Towards Oil Resilience says:

Oil is the key raw material for petrol, diesel, jet fuel, industrial oils, numerous chemicals and most plastics. Many industries are dependent on oil in ways that are not immediately apparent… our systems for producing and distributing food rely on oil, not only for fuel for farming machinery and transport, but also as a raw ingredient for agrichemicals, fertilisers, packaging plastics…

The International Energy Agency’s report World Energy Outlook 2010 says:

…if governments do nothing or little more than at present, then (oil) demand will continue to increase, supply costs will rise, the ecnomic burden of oil use will grow, vulnerability to supply disruptions will increase and the global environment will suffer serious damage.

The Robert Hirsch (US) report The inevitable peaking of world oil production says:

The era of plentiful, low-cost petroleum is approaching an end. Without massive mitigation the problem will be pervasive and long lasting.

The New Zealand parliament’s research paper on Peak Oil The next oil shock? says:

There is a risk that the world economy may be at the start of a cycle of supply crunches leading to price spikes and recessions, followed by recoveries leading to supply crunches.

And here is a short essay“You don’t have to take my word for it”

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