Submission 69 to the Senate Inquiry on oil supplies

Posted on February 24, 2006

The Australian Senate conducted an inquiry into Australia’s future oil supply and alternative transport fuels in 2006:

http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Rural_and_Regional_Affairs_and_Transport/Completed_inquiries/2004-07/oil_supply/report/index

This graph is from my submission entitled “Peak oil ante portas, followed by global warming”:

Read submission 69  more from this list:

http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Rural_and_Regional_Affairs_and_Transport/Completed%20inquiries/2004-07/oil_supply/submissions/sublist

http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Rural_and_Regional_Affairs_and_Transport/Completed%20inquiries/2004-07/oil_supply/submissions/~/media/wopapub/senate/committee/rrat_ctte/completed_inquiries/2004_07/oil_supply/submissions/sub69_pdf.ashx

Transcript of Hearing with Dr. Samsam Bakhtiari

Tuesday, 11 July 2006

Dr Samsam Bakhtiari—It is extremely difficult to forecast precisely the price of oil in the future. I can see a range of $100 to $150 not very far into the future.

Senator JOYCE—That is $100 to $150 a barrel?

Dr Samsam Bakhtiari—Yes, this we are certainly going to get to. In my opinion, we could get there very easily. We are a couple of hurricanes or some geopolitical problems or a war away from having a worse problem than we have today. There you could go very easily, but after that where can this price go? I am studying that right now, and I have not reached a conclusion yet. There must be some outer limit, and I am beginning to think that maybe the outer limit could be $300 per barrel. I am not so sure yet, because we are entering a brand new era in human history, an era we have not been prepared for at all.

http://www.aph.gov.au/binaries/hansard/senate/commttee/s9515.pdf
Senator Joyce became Deputy Prime Minister in February 2016
https://en.wikipedia.org/wiki/Barnaby_Joyce