Evidence of an imminent global oil crunch / peak oil has continued to build, un-noticed by the majority of people

In the run up to the UK election, evidence of an imminent global oil crunch has continued to build, un-noticed by the majority of people, almost entirely uncommented on in the election campaign. The CEO of a major oil company has admitted it no longer pays to build up new oil reserves. A US military panel has warned of dramatic shortfalls in oil supply by 2015. A senior US government official has said he is worried that peak oil could come as soon as 2011. In the wake of the UK Industry Task force on Peak Oil and Energy Security report warning of peak oil by 2015, the FT has opined that policymakers, economists and “peak oilists” are “starting to speak the same language.” Meanwhile, BP – or was it Halliburton? – have shown that deep-water oil production is not as easy as many hitherto imagined. CIBC’s Jeff Rubin has gone as far as to suggest that the Deepwater Horizon accident will be to offshore oil development what Three Mile Island was to nuclear. All these developments and more you can get up to speed on quickly, if you need to, in my triple crunch log, which is now updated through today onhttp://www.jeremyleggett.net/triple-crunch-log/
Also, the home page has a new, super-concise “Top 20” developments, with links to urls, for super-busy people.
As usual, I hope this is helpful ammo / info, and just shout if these circa monthly mini-updates are one e-mail too many, or you’d rather not know the daunting news (….But remember the log includes positive “renaissance-relevant” info too).
Jeremy Leggett,
Executive Chairman, Solarcentury
www.jeremyleggett.net for a log of the energy crunch as it unfolds
www.solarcentury.com Tel 44 207 803 0100                    
Solar Century Holdings Limited
Registered in England and Wales under number 3570325
Registered Office: 91-94 Lower Marsh, London SE1 7AB, UK
This email and any attachments are sent to you subject to Solarcentury’s normal email transmission terms and conditions which are set out on: