Wednesday, October 29, 2008

Peak speak

UK will face peak oil crisis within five years, says a report flagged in The Guardian.

World will struggle to meet oil demand, says The Financial Times (The IEA expects oil consumption in 2030 to reach 106.4m barrels a day, down from last year’s forecast of 116.3m b/d).

But peak oil, more accurately termed elsewhere oil, remains a red herring (see this and this).

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