Tonight on the Catalyst program on ABC1 at 8pm there wil be a story by Bronwyn Herbert about peak oil. She will interview the chief economist of the International Energy Agency, Fatih Birol.

For those that are unfamiliar with the term, peak oil is the point in time when the global production of oil will reach its maximum rate, after which production will gradually decline. This in turn will lead to fuel costing massive amounts at the pump.