Peak Oil is You

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Page added on February 27, 2009

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UK: The Future of Energy is renewable

In practical terms, the critical problem with fossil fuels is that in the very near future there is going to be no security of supply, as a result of their impending scarcity.

Without doubt, oil has peaked. Not only is less crude being found; known deposits have for years been exaggerated. Senior Shell executives in 2004 admitted hyping reserves by at least 20 per cent, possibly twice as much. Kuwait and Saudi Arabia have also quietly revised their claimed reserves downwards by around 50 per cent for their respective largest fields. Price is rising accordingly.

Today, admittedly, fossil fuels remain cheaper than most renewable sources, but in a decade that won

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