In the age of peak oil Australia remains on the road to nowhere
As the IMF predicts oil prices will double over the next decade, the ongoing failure to fix years of under-investment in public transport has left Australians extremely vulnerable to rising fuel prices, the Greens warned today.
Greens transport spokesperson Senator Scott Ludlam said Commonwealth infrastructure funds are still pouring into road building while public transport lags far behind, despite warnings from the International Monetary Fund and the Government's own BITRE 117 report that the price of oil is set to skyrocket.