Peak Oil In Queensland  

A Queensland state government member makes a speech about peak oil in parliament.

Let me conclude with this simple statement of fact. Peak oil is coming—soon—and no alternative energy source available to us today or in the foreseeable future is going to make up the total energy shortfall. The beginning of the end of the oil age is upon us, and it is time to respond fully to that challenge. The petroleum bill before the House is a necessary step in that process. I congratulate the minister on this reform as well as on last year's Petroleum and Gas (Production and Safety) Act and the Petroleum and Other Legislation Bill that collectively regulate and encourage the exploration and development of petroleum and gas resources in Queensland. I commend the bill to the House.