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NSW Premier Rees says he needs advice on peak oil

Extract from the Hansard:

GENERAL PURPOSE STANDING COMMITTEE No. 1
Tuesday 14 October 2008
Examination of proposed expenditure for the portfolio area
PREMIER
The Committee met at 2.00 p.m.

Ms LEE RHIANNON: What is your understanding of the phenomenon of peak oil and are you aware of the considerable measures the Queensland Government has taken to deal with this problem?

Mr NATHAN REES: I would have to get some advice on peak oil. I am not going to pretend I have more than a rudimentary knowledge of the issues that will arise out of any answer to that question.

Ms LEE RHIANNON: I am surprised. I realise you will be under incredible pressure to get across a lot of issues, but considering the chief executive officers of Shell and General Motors have acknowledged that oil reserves have peaked or are peaking and it is such a common part of the debate about what is happening in the international financial crisis. I hope we can come back to that in more detail?

Mr NATHAN REES: Sure. I am aware of the general issue.

Ms LEE RHIANNON: What is your understanding of peak oil, then, if you are aware of the general issue?

Mr NATHAN REES: The issue was more broadly how we deal with fossil fuels in an environment where we have the two most populous nations in the world, economic growth rates at 8 per cent and 12 per cent respectively at present, billions of people, and the ramifications of any gaining in oil prices more generally. I think there are serious ethical issues around oil use but also production of ethanol and things like that. There is a whole range of public debate to be had on those matters, but it is premature for me to suggest there is a government policy on it in toto.

http://www.parliament.nsw.gov.au/Prod/parlment/committee.nsf/0/95df1a480febb2e9ca2574e2007cd908/$FILE/081014%20Premier%20CORRECTED.pdf


Ms LEE RHIANNON: What is your understanding of the phenomenon of peak oil and are you aware of the considerable measures the Queensland Government has taken to deal with this problem?
Mr NATHAN REES: I would have to get some advice on peak oil. I am not going to pretend I have more than a rudimentary knowledge of the issues that will arise out of any answer to that question.
Ms LEE RHIANNON: I am surprised. I realise you will be under incredible pressure to get across a lot of issues, but considering the chief executive officers of Shell and General Motors have acknowledged that oil reserves have peaked or are peaking and it is such a common part of the debate about what is happening in the international financial crisis. I hope we can come back to that in more detail?
Mr NATHAN REES: Sure. I am aware of the general issue.
Ms LEE RHIANNON: What is your understanding of peak oil, then, if you are aware of the general issue?
Mr NATHAN REES: The issue was more broadly how we deal with fossil fuels in an environment where we have the two most populous nations in the world, economic growth rates at 8 per cent and 12 per cent respectively at present, billions of people, and the ramifications of any gaining in oil prices more generally. I think there are serious ethical issues around oil use but also production of ethanol and things like that. There is a whole range of public debate to

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