Wouldn't it be funny if we spent so long arguing about what to do about climate change that we ran out of cheap oil first? No, it wouldn't really, it would be catastrophic.

But given the government's delay in producing an Energy White Paper and the steady backsliding on the need to actually reduce our greenhouse gas emissions in Australia, it is not beyond the realms of possibility. Even the usually optimistic International Energy Agency (IEA) is starting to sound a little nervous.