True cost of oil 'not reflected at the bowser'  

Posted by Big Gav in , ,

The SMH reports Terry Tamminen is in town warning that oil won't last forever and that it should be priced to reflect all the externalities the consumption of it causes - True cost of oil 'not reflected at the bowser'.

How does more than $3 for a litre of petrol sound? Steep, especially for struggling families in car-dependent suburbs, but according to the man who introduced some of America's toughest environmental standards, it reflects the real cost of our dependence on oil.

Terry Tamminen - who was a until recently the head of the California Environmental Protection Agency and a member of Governor Arnold Schwarzenegger's cabinet - says fuel prices do not include ''externalities'', such as the effects on public health, congestion, even wars to secure foreign oilfields.

''If people were paying the true price at the pump, in the US, it would about $10 a gallon, instead of $3,'' said Mr Tamminen, who will address an NRMA conference in Sydney today on alternative fuels.

If Mr Tamminen's calculation applied to Australia - where one gallon is the equivalent of 3.8 litres - petrol prices would rise from about $1.20 a litre to $3.60.

''We are bearing this cost now, just not at the pump,'' he said. ''Our taxes are higher because of healthcare costs related to lung disease and asthma, the damage to crops and plants that are stunted, environmental clean-up and in the cost of defending oil around the globe, which is not on any company balance sheet [because] the taxpayers pay for that.''

The US Defence Department has revealed that $100 billion is spent every year deploying troops to defend oil interests around the world, not including the Iraq war, which has so far cost $1 trillion.

As Mr Schwarzenegger's environment tsar, Mr Tamminen oversaw the US's toughest vehicle emission laws, which the Obama administration adopted as a national standard.

Even if governments and consumers question the broader costs of oil dependence, Mr Tamminen says they cannot ignore one sobering fact: ''We are going to run out of oil.''

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (614) global warming (413) solar power (388) peak oil (349) renewable energy (282) electric vehicles (236) wind power (190) ocean energy (164) csp (158) geothermal energy (144) solar thermal power (144) smart grids (140) tidal power (137) oil (136) solar pv (132) coal seam gas (131) energy storage (130) nuclear power (127) lng (116) china (115) iraq (113) geothermal power (112) green buildings (110) natural gas (110) agriculture (90) oil price (80) biofuel (78) smart meters (72) wave power (72) uk (68) electricity grid (67) coal (66) energy efficiency (64) google (58) bicycle (51) internet (51) shale gas (49) surveillance (49) big brother (48) food prices (48) thin film solar (42) tesla (41) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (33) arctic ice (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) exxon (22) limits to growth (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) coal to liquids (20) indonesia (20) lithium (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) lithium ion batteries (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) fertiliser (14) ambient energy (13) biodiesel (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) antarctica (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)