The Bullroarer - Wednesday 2nd July 2008

Herald Sun - Rudd may overhaul public transport

PRIME Minister Kevin Rudd has hinted at a new frontier for tackling climate change: a national overhaul of public transport.

Remember the days when the IEA told us that everything was fine?
ABC - International Energy Agency predicts slow growth in oil supplies

According to the IEA, spare capacity is likely to increase over the next two years but after that, with rising demand, it is likely to decline to minimal levels.

TV NZ - Truckies to protest road user charges

The freight industry is furious that it hasn't been consulted over an increase in road user charges and truckies will protest on Friday as a result.

The government has decided to raise charges by an average of 7% without any notice or warning.

A primer on petroleum products that fails to really address the issue of price:
NZ Herald - The crude facts about oil prices

Fuel prices, like all other commodities, are constantly changing, and during the past couple of years the cost of petrol has more than doubled for drivers.

ABC - Transport 'left out' of city living strategies

Two new planning strategies proposing a significant increase in city dwellings have been criticised for not addressing Sydney's transport issues.

The Department of Planning strategies propose 85,000 new city dwellings be built over the next 25 years.

About 55,000 of those would be in the city and 30,000 in the inner west.

Greens MP Sylvia Hale says she has serious concerns about the strategies, particular regarding transport.

"Apart from telling councils that they should deal with it, there are no positive ideas as to how they are to do so," she said.

Stuff.co.nz - Petrol and diesel rise again as oil at new high

A two-cent rise at fuel pumps is just a taste of potential increases, as international oil prices hit new records.

Stuff.co.nz - Cold beats economy

A cold, wet weekend meant people were trying to keep warm rather than save power.

Radio NZ - Oil prices could hamper Air NZ route expansion

Air New Zealand says it is unlikely to stick to its timetable of opening a new route every year if oil prices continue to rise at current levels.

News.com.au - Travel plans cut by fuel costs

SOARING petrol prices have forced more than half the population to stay home more often or find cheaper ways to get around.

A nationwide survey of more than 15,000 motorists has revealed 60 per cent of Australians are driving less because of rapidly rising fuel bills. And 58 per cent of drivers blamed recent petrol price hikes for cutting their standard of living.

SMH - BBW - Deutsche Bank Wind Energy Seminar

The following presentation by BBW Chief Executive Officer, Miles George, is being
presented at the Deutsche Bank Wind Energy Seminar in London on 2 July 2008.

The Age - Transport is what we need, not endless infighting

(Letters)
THERE it goes again, the Labor Party, about to destroy itself because it did badly in a byelection.

Do the powerbrokers in Spring Street believe that the people of Kororoit really care about who wins a preselection for a safe seat or who campaigns in the weeks before the vote? Do the powerbrokers care about non-existent public transport? About a non-existent railway station at Caroline Springs? About services from Sydenham that are late because people are unable to squeeze on?

How ironic that the byelection was held on the day that EastLink was opened: a project that will encourage more use of cars and, yet again, be justification for a lack of investment in any comparable projects for public transport.

The Age - Unions warn of national truck blockade

Truck drivers may blockade roads across Australia if diesel hits $2 a litre, a union has warned.

The price of diesel fuel has skyrocketed in the past three months to an average of $1.85 a litre, according to the Australian Institute of Petroleum.

(Subscription Required:)
Carbon News - Energy demand takes carbon for a ride

The demand for energy shows no signs of abating, and it is taking carbon for the ride, broker OM Financial reports.

Radio New Zealand - PNG government says it is likely to subsidise cost of fuel to help consumers

The Papua New Guinea government says it is likely to subsidise the cost of fuel to help consumers.

The Post Courier reports the Prime Minister saying it was one of two options Government was considering to relieve the pressure on the economy brought about by rising global fuel costs.

SMH - Stand by for more cuts, says Qantas

QANTAS has raised the prospect of further route cuts, even higher fares and the grounding of more aircraft if the price of jet fuel continues to climb.

Herald Sun - Businesses ignorant on national carbon emissions market

BUSINESS remains largely in the dark about a looming national carbon emissions market - with a vast majority showing almost complete ignorance about the scheme.

NewsTalk ZB Aukland - Laws on fuel taxes a step closer

New legislation on transport planning and funding are just one step away from becoming law.

Moves to reserve fuel taxes for land transport purposes and to allow regional fuel taxes to be implemented for local roading projects passed their committee stage debate in Parliament last night.

http://www.crikey.com.au/Business/20080702-Oil-prices-hit-coffee-as-Star...

has the Crikey perspective (I think this content is free). I found the figures on car sales particularly striking. Some of you petroleum percussionists out there must be having to bite your tongues to stop from screaming 'told you so!!!' at the top of your lungs...

Say "I told you so?" Nope. I'm too busy saying "Oh F**K, oh F**k, this is too early, I'm not ready." It's like you know there is an exam coming, but it is still some time away, and you do a bit of study, a bit of surfing.... then a bit more surfing.... and then you discover that you had the date wrong, it is today, and you are not ready. The ELM problem means that we are going to be dealing with this issue 8-10 years before I expected. It is already biting now, but 4 years from now will be a time of real intractable problems.

This means that we need to prepare for that time in a very difficult atmosphere. I'm not ready.

As a society, we are not ready. As a society, we need to take drastic mitigating action, in an atmosphere that does not support the actions that we must take.... but we must do it, or this is going to REALLY HURT.

Well - personally I have more of a "well, duh !" response to all these sorts of stories.

After a few years of thinking about peak oil I concluded we'd only ever do something once oil prices got high enough to force people to pay attention and then demand (and try to achieve) change.

A couple of years further on its finally happening.

To be honest, this actually makes me happier - I hate waiting around for the show to begin.

Of course, I'm not a doomer and think we have plenty of options. And as a net energy exporter Australia has a lot more cushioning than many other places. Hopefully the ride won't be too rough.

Right on Aeldric,

It's shocking to see the Peak Oil projections coming true right now, even if one accepted the theory previously. (And imagine the "Oh F**k!" moments still to come for those people who haven't accepted the predictions up until now... Including our "leaders" Kevin Rudd, Lindsay Tanner, Marn Ferguson, Anthony Albanese et al. This late realisation is not likely to lead to cool-headed decision making.)

Meanwhile, the greenhouse gas problem is actually starting to sound really urgent as well. The following Antarctic research has already been listed in the 27 June Drumbeat, but that synopsis missed some of the key aspects...

Rising Seas Threaten West Antarctic

Dr Bradley Opdyke, a paleoceanographer from the Australia National University (ANU) believes the West Antarctic Ice Sheet (WAIS) could partially collapse within 20 years, resulting in a dramatic jump in sea levels.

...He believes the WAIS collapse "could take months, even weeks."

..."If the WAIS collapses, sea levels will rise between four and six metres."

So the scary Al Gore graphics that everyone laughed off a couple of years ago are going to come true within our lifetimes... "Oh F**k!"

Tapis $151.78 @ 12:30pm Thurs (!)

Tapis now $152.13. I believe that's a quadruple Yergin.

Tapis over $152? Ouch. I can hardly wait for that to flow through. This velocity is not sustainable.

And when was it we were betting/polling on whether it'd hit $154? Just a week or two ago.

Looks like my crystal ball told me true... $180/bbl by the end of the year.