both ends BURNING ….

A new report from the newly-formed UK Industry Taskforce on Peak Oil and Energy Security is the first multi-company alarm bell to be sounded on peak oil. It sets out a series of practical recommendations for Government, including action to grasp the significant economic and environmental opportunities from a step-change in investment in renewable energy and sustainable transport.

http://www.peakoiltaskforce.net

The Financial Times has leaked (28/10/08) the results of the International Energy Agency’s long-awaited study of the depletion profiles of the world’s 400 largest oilfields, indicating that, “Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent.”

http://www.ft.com/cms/s/0/e5e78778-a53f-11dd-b4f5-000077b07658.html

(It should also be noted that the IEA have responded to the news of the leak)
http://www.iea.org/journalists/arch_pop.asp?MED_ARCH_ID=477