Oil is a finite resource – ‘peak oil’ refers to the point in time when maximum oil production is reached. Beyond that point, less and less oil is produced each year leaving a growing gap between supply and the world’s rapidly increasing demand.
As a result, petrol prices are likely to remain unstable and follow a rising trend. The Victorian community and economy are extremely vulnerable to the effects of peak oil.
In response to this, Whitehorse City Council developed a Peak Oil Action Plan in 2011. The Plan outlines specific and practical actions that Council and the community can take to minimise risks and progressively adapt to the challenges posed by peak oil.
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379-397 Whitehorse Road, Nunawading, Victoria 3131Australia
Tel: (03) 9262 6333 Fax: (03) 9262 6490Email: firstname.lastname@example.org