UK energy supplies 'under threat'?

[Michael]

In September, 2003 I met a retired economist in Wolverhampton and he told me that there would be an energy crisis starting in 2006.

This subject is discussed in detail at:-

www.hubbertpeak.com/news/article.asp?id=8228&ssectionid=0

This author says after 2007 but it is fairly obvious there is going to a problem shortly.

A more recent article on the subject is at:-

news.bbc.co.uk/1/hi/uk/4577694.stm#

Any thoughts on this,

Michael

[Michael]

Jeremy Leggett, a former oil man, wrote an article in ‘The Independent’ (20/1/06) entitled, ‘What they don’t want you to know about the coming oil crisis.’ He wrote:
‘A spectre is haunting Europe - the spectre of an acute, civilisation-changing energy crisis. … We have allowed oil to become vital to virtually everything we do. Ninety per cent of all our transportation, whether by land, air or sea, is fuelled by oil. Ninety-five per cent of all goods in shops involve the use of oil. Ninety-five per cent of all our food products require oil use.’

The world consumes more than 80 million barrels of oil a day, 29 billion barrels a year. This figure is rising fast, as it has done for decades. The US government expects that global demand will grow to around 120 million barrels a day, 43 billion barrels a year, by 2025. However there is no way that the oil industry can produce this amount of oil. Leggett says, ‘The most basic of the foundations of our assumptions of future economic wellbeing is rotten. Our society is in a state of collective denial that has no precedent in history, in terms of its scale and implications.’

Rest Of Article at

www.lightforthelastdays.co.uk/docs/main/house_on_sand.html