PETROL could hit $8 a litre within a decade as oil production begins to dwindle and demand continues to soar, a CSIRO study to be released today says.
The study, Fuel For Thought, warns this would add up to $220 a week to the cost of running a medium-sized passenger vehicle by 2018, resulting in severe social and economic consequences.
http://www.smh.com.au/news/national/pet ... 37458.html
Will be interesting to see the public reaction to this report seeing as the CSIRO is quite respected, it's getting a flogging on 'Sunrise' already...