First page of the report:

TO: CHAIR AND MEMBERS, TRANSPORTATION COMMITTEE
DATE: 2006 January 4
FROM: DIRECTOR PLANNING AND BUILDING
SUBJECT: GLOBAL PEAK IN OIL PRODUCTION: THE MUNICIPAL CONTEXT

PURPOSE: To provide the Committee and Council with a requested overview of the peaking
of global oil production

RECOMMENDATION:
1. THAT the Committee recommend that Council receive this report for information.

1.0 BACKGROUND
Arising out of a general discussion on 2005 June 22, the Transportation Committee requested a staff report on the issue of peak oil, and its general implications for the City of Burnaby.

The term “peak oil” refers to the point in time at which the global production rate of oil reaches a maximum level, and thereafter declines. Since oil is a finite resource, it must eventually reach such a peak. Some analysts believe that that time is very near. Since the consumption of oil is pervasive in our society, the effects of passing that peak are likely to be significant. Events in 2005 have given an indication of the widespread impacts that a reduction in oil supply may have.

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