new uk report peak oil in 3 to 5 yrs

  1. 1,916 Posts.
    Members of the taskforce are not from within the Oil Industry - but include - Virgin, Yahoo, Scottish & Sthrn, Transport Industry etc

    Listen to the interview on:

    http://www.abc.net.au/rn/breakfast/stories/2008/2404016.htm

    Now to the supply of oil, which affects us all just as much as the economic meltdown. A report from a British Industry Taskforce is due to be released tonight, which predicts a premature peak in oil production will arrive much earlier than expected. But if this task force is correct, peak oil not only poses further risk to the global economy but will have enormous repercussions on food production, energy supply, transportation -- in fact most aspects of modern life.

    http://www.energybulletin.net/node/47033
    Published Oct 29 2008 by Energy Bulletin
    Archived Oct 29 2008
    Peak oil - Oct 29
    by Staff


    UK report - peak oil will arrive much earlier than expected (audio)
    Radio National Breakfast, ABC National Radio (Australia)
    Now to the supply of oil, which affects us all just as much as the economic meltdown. A report from a British Industry Taskforce is due to be released tonight, which predicts a premature peak in oil production will arrive much earlier than expected. But if this task force is correct, peak oil not only poses further risk to the global economy but will have enormous repercussions on food production, energy supply, transportation -- in fact most aspects of modern life.

    Guests
    Dr Jeremy Leggett
    Founder and Executive Chairman SolarCentury and SolarAid and editor of the report 'The Oil Crunch', from the UK's Industrial Taskforce on Peak Oil and Energy Security.
    (29 October 2008)
    Nothing on the Web yet about the report which will be released October 29 in the UK. Several industries are representated on the taskforce, according to this interview of Dr. Leggett. He also said that Shell Oil contributed some input. -BA

    Oil production predicted to decline within five years

    Wednesday, 29/10/2008

    A taskforce of eight British engineering, utility and transport companies is predicting the world will reach peak oil in three to five years.

    That's when oil drillers have reached the maximum they can produce and production starts to decline,

    The taskforce has given three possible options - a collapse in production, a decline, or a plateauing of production once peak oil is reached.

    Taskforce chairman Dr Jeremy Leggett says even the Shell Oil company agrees with the third option, although it's less gloomy about when the plateau will be reached.

    "The collapse is the worst case scenario," he says.

    "The plateau scenario, interestingly, is Shell's view of what could happen.

    "They think that we can get to 2015 and then maybe hold it on a plateau provided they're allowed open season on unconventional oil, tar sands and all the rest of it."


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.