Global Witness have an impressive track record. Now they have published a report on peak oil. They say:
There is an imminent oil supply crunch that governments have failed to acknowledge or act upon, the impacts of which will be felt throughout every aspect of modern society which is heavily reliant on oil, according to a new report published by campaign group Global Witness today.
Governments have not taken on board the four underlying oil production factors which clearly show there is a problem. Heads in the Sand outlines these factors – declining output, declining discoveries, increasing demand and insufficient projects in the pipeline – which clearly show that the world is facing an imminent oil supply crunch.
It’s sobering. I’m sure it’s true. And this should not be ostrich time – but is, for far too many.
Disclosure: I have worked with Global Witness.
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