McNamara report
In May 2005 the Honourable Peter Beattie MP, Premier and Minister for Trade established the Queensland Oil Vulnerability Taskforce (the Taskforce). The terms of reference and membership of the Taskforce are set out in Attachment 1. The Taskforce was asked to report on Queensland’s vulnerability to rising world oil prices driven by supply constraints including, but not limited to, the potential peaking of world oil supplies caused by natural field decline (peak oil).
The Taskforce was chaired by Andrew McNamara MP, Member for Hervey Bay, assisted by Ms Rachel Nolan MP, Member for Ipswich.
The Taskforce’s report methodology included desk-top review of published papers on world oil supply issues, consideration of detailed Australian data on proven and anticipated reserves of conventional and non-conventional energy sources, and an overview of current and emerging energy technologies. The primary focus of the Taskforce was to present the most likely time frame for peak oil, to assess its impact on the mining, transport and primary industry sectors and then recommend options to minimise the impact on Queensland of peak oil.
The recommendations in the report of the Taskforce are preliminary and more detailed analysis including detailed modelling of the downstream impacts and substitution effects of the various proven and evolving alternative energy technologies will be a necessary next step.
Download "Queensland's vulnerability to rising oil prices - taskforce report".
Last updated: 11 October 2007
