Resources
This paper is part of an ongoing process to develop an Oil Vulnerability Mitigation Strategy and Action Plan for Queensland, anticipated to be finalized by mid next year. The paper is an information document that is not government policy. This paper is the first step in developing policy options for inclusion in the Oil Vulnerability Mitigation Strategy and Action Plan.
Read the report here (PDF). Also see the research paper, released at the same time, which provides a more policy-oriented approach.
Executive summary
In a modern industrialised society such as Queensland, oil is essential. Our societies and livelihoods are firmly structured around an abundant supply of low cost oil, which makes Queensland—along with the rest of the world—highly vulnerable to volatile supplies.
Globally and nationally, the demand for oil is outstripping supply.
Future oil shortages and sustained high fuel prices are a reality that Queenslanders must now face.
As the price of petrol and the price of groceries rise, all Queenslanders feel the impact. Subsidies and tax breaks offer some temporary relief. However, oil is a finite resource and strategies to address the broader issue of declining supplies will help secure Queensland’s long-term future.
The Queensland Government is preparing for an oil-resilient future. An oil-resilient Queensland is one where impacts of changing oil supplies and prices have minimal effect on the Queensland economy and lifestyle.
Given the vulnerability of Queensland industry and community to sustained high oil prices, the Queensland Government is taking a risk management approach and beginning to prepare now.
This information paper outlines some of the ways that Queensland can prepare for future oil shortages and volatile prices, while ensuring we maintain a prosperous, secure and high quality lifestyle.
This paper provides a background to the global oil issue and identifies challenges and opportunities for Queensland. Three key areas for action are proposed:
1. Creating oil-resilient transport networks
2. Promoting a sustainable fuel supply
3. Planning for oil-resilient towns and cities
The discussion in these areas looks at ways to avoid and reduce oil use and to develop a more diverse fuel base. In combination, these actions could have a number of benefits including reducing Queensland’s reliance on oil, reducing greenhouse gas emissions, improving congestion and helping improve the liveability of Queensland communities.
