Future Oil Supply Uncertainty Highlighted

Media Release from the Minister for Sustainability, Climate Change and Innovation

A report tabled in State Parliament today highlights the need for Queensland industry, primary producers and communities to lessen their dependence on imported oil supplies

“The report concludes that the overwhelming evidence is that world oil production will peak within the next 10 years.


“The report recommends that a prudent risk mitigation approach requires a mix of initiatives such as:

• reduction in consumption of liquid fossil fuels;

• encouraging the development and use of alternative fuels, technologies and strategies; and

• preparation for demographic and regional changes, as Queenslanders change travel, work and living habits in response to rising fuel prices.

“The future availability of fossil fuel and alternate energy supplies is one of the main sustainability issues facing society today."