NOTES1. Benjamin Franklin, Poor Richard’s Almanack, June 1758, preface, although the proverb popularlydates to the unhorsing of King Richard III at the Battle of Bosworthy in <strong>Aug</strong>ust 1485.2. M. Van Creveld, Supplying War: logistics from Wallenstein to Patton, Cambridge: CambridgeUniversity Press, 1977, pp. 8-11.3. R.S. Keats, ‘Transition to Modern Seafaring’, American Society of Oceanographers <strong>Journal</strong>, Vol. 11,No. 1, pp. 3-4; see accessed 29November 2009.4. T. Homer-Dixon, ‘Synchronous Failure: Crash and Creativity in the 21 st Century’, paper presentedto the Annual Meeting of the International Studies Association, Montreal, March 2004, p. 8; see accessed 13 October 2009.5. J. Tainter, The Collapse of Complex Societies, Cambridge: Cambridge University Press, 1988.6. M. Simmons, ‘The Oil and Gas System is Sick’, address to The Colony Club, New York, 4 February2009, pp. 50-1; see accessed 15 October 2009.7. N. Freier, ‘Known Unknowns: Unconventional “Strategic Shocks” in Defense Strategy Development’,paper prepared for Strategic Studies Institute, US Army War College, November 2008, pp. 1-5; see accessed 13 October 2009.8. Energy Watch Group, ‘Crude Oil: The Supply Outlook’, report October 2007, pp. 33-6; see accessed 3 September 2009.9. British Petroleum, ‘BP Statistical Review of World Energy’, on-line report published 2009; see accessed 2 September 2009.10. For example, despite historically high oil prices in the period 2005-08, oil exports from the world’stop 15 oil exporters, who provide over 90 per cent of all oil exports, have declined since 2005according to data reported by the US Energy Information Administration (US Department of Energy);see . Additionally, Jeffrey Brown and Samuel Foucher argue that oilexports will decline more rapidly than oil production, with the top five oil exporters approachingzero net exports by 2031 (+/- 7 years). See J. Brown and S. Foucher, ‘A Quantitative Assessment ofFuture Net Oil Exports by the Top Five Net Oil Exports’, report on Financial Sense University websitedated 8 January 2008; see accessed 16 September 2009.11. M. Hook, R. Hirsch and K. Aleklett, ‘Giant oil field decline rates and their influence on world oilproduction’, Energy Policy, Vol. 37, Issue 6, June 2009, pp. 2262-72: see accessed 3 September 2009.12. N. Gagnon, C. Hall and B. Brinker, ‘A Preliminary Investigation of Energy Return on Energy Investmentfor Global Oil and Gas Production’, Energies, Vol. 2, 2009, pp. 490-503; see accessed 30 September 2009.13. ‘Exergy’ is the correct thermodynamic term for available or useful energy, or energy capable ofperforming mechanical, chemical or thermal work.14. G.M. Mudd, ‘The Sustainability of Mining in Australia: Key Production Trends and TheirEnvironmental Implications for the Future’, Research Report No. 5, published by the Department ofCivil Engineering, Monash University and the Mineral Policy Institute, April 2009 (revised edition);see accessed 21 <strong>Aug</strong>ust 2009.54
15. U. Bardi and M. Pagani, ‘Peak Minerals’, blog posted 15 October 2007 on ‘The Oil Drum, Europe’website; see accessed 21 <strong>Aug</strong>ust 2009.16. D. Cohen, ‘Earth’s Natural Wealth: An Audit’, New Scientist, Issue 2605, May 2007; see accessed 21<strong>Aug</strong>ust 2007.17. J.B. Hedrick, ‘Rare Earths in Selected US Defense Applications’, paper presented to 40 th Forum onthe Geology of Industrial Metals, Bloomington, Indiana, 2-7 May 2004; see accessed 7 October 2009.18. K. Bradsher, ‘China Tightens Grip on Rare Minerals’, New York Times, 31 <strong>Aug</strong>ust 2009; see accessed 3 September 2009.19. K. Rudd, ‘Pain on the Road to Recovery’, Sydney Morning Herald, 25 <strong>Jul</strong>y 2009; see accessed 21 <strong>Aug</strong>ust 2009.20. S. Keen, ‘RBA gets it wrong again’, blog on ‘Steve Keen’s Debtwatch’ website 6 October 2009; see accessed 7 October2009.21. C.I. Jones, ‘The Global Financial Crisis of 2007-20??’, supplement dated 12 March 2009 to C.I. Jones,Macroeconomics, Pittsburgh: Norton, 2008, p. 43; see accessed 15September 2009.22. A. Evans-Pritchard, ‘US credit shrinks at Great Depression rate prompting fears of double-diprecession’, The Daily Telegraph, 25 September 2008; see accessed 7 October 2009.23. For example, see J. Hamilton, ‘Causes and Consequences of the Oil Shock of 2007-08’, BrookingsPapers on Economic Activity, 2009; see accessed5 September 2009.24. The GFC has had a significant impact on energy investment. See, for example, International EnergyAgency, ‘The Impact of the Financial and Economic Crisis on Energy Investment’, background paperfor the G8 Energy Ministers’ Meeting 24-5 May 2009, pp. 3-4 at accessed 8 September 2009.25. Homer-Dixon, ‘Synchronous Failure: Crash and Creativity in the 21 st Century’, p. 3.26. J.M. Greer, ‘The dawn of scarcity industrialism’, Energy Bulletin (website of Post Carbon Institute), 3September 2009; see accessed 13 October 2009.27. R. Heinberg, Peak Everything: waking up to the century of declines, Gabriola Island, Canada: NewSociety Publishers, 2007, p. 8.28. D. Korowicz, ‘Things Fall Apart: Complexity, Supply Chains, Infrastructure and Collapse’, presentationto ASPO/The Oil Drum Peak Summit, Alcatraz, Italy, 28 June 2009; see accessed 3 September 2009.29. For a detailed analysis of the impact of peak oil on the future of Australia’s aviation, see C. Leckieand S. McCarthy, ‘Peak Oil and the National Aviation Policy Statement Green Paper’, submissionto the Department of Infrastructure, Transport, Regional Development and Local Government, 27February 2009; see accessed 6September 2009.55
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GUIDANCE FOR AUTHORSThe Australian