Peak Oil Theory Could Become a Stark Reality

The HeraldFebruary 10, 2010

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Summary


"WITHIN five years we think peak oil is going to affect every aspect of our daily lives," warned Philip Dilley, chairman of engineer Arup, yesterday.

We are set for shortages and rising prices. And just to cheer you up, gas is probably going the same way too.

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Peak Oil Theory Could Become a Stark Reality

It all sounds familiar. The concept of "peak oil", the stresses caused when oil production stops increasing, has been kicking around since the 1950s.

It hasn't happened yet and, to many, the theory is becoming a little tiresome.

But the membership of the UK Industry Taskforc...

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