The recent prediction by the head of Caltex Australia that the price of oil may very well double the already record highs for crude, have only heightened concerns about the security of Australia’s future fuel supplies. The Federal Government, for instance, has launched a national energy security assessment.
As oil production in Australian fields declines, the Government has also sought and won approval under the United Nations Convention on the law of the sea, to expand its search for oil offshore by an area equivalent to five times the size of France.
But Federal Resources Minister Martin Ferguson agrees that unless there is soon a “eureka oil strike”, Australia must find a new fuel alternative with sufficient reserves to power a vast and vital national car and transport fleet.
But there are those who say there’s an obvious solution to the fuel crisis right under our collective nose, a solution that could cut fuel bills by up to 60 per cent: natural gas.
ABC – The 7.30 Report: Natural gas: the future of fuel?
Mercedes is offering the new Sprinter transporter with natural-gas drive, with operating costs 30 per cent lower than comparable diesel-engined versions.
Drive.com.au: Mercedes van with natural-gas drive