Nothing Governments Can Do About Rising Oil Prices
This interview was carried by Australian Broadcasting Corporation on May 13, 2008.
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Australian Broadcasting Corporation
Broadcast: 13/05/2008
Reporter: Tony Jones
Oil expert and author Richard Heinberg joins Lateline to discuss the phenomenon of peak oil.
Transcript
TONY JONES: Now to tonight’s interview with Richard Heinberg. He’s one of the world’s leading experts on the phenomenon of peak oil. That’s the point at which the world’s oil reserves go into decline. The idea is that having reached its peak it’s all downhill from there and there’s evidence that global rates of oil discovery have been declining since the 1960s, and that new oilfields are becoming more and more inaccessible.
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