Soaring fuel prices, rumours of winter power cuts, panic over the gas supply from Russia, abrupt changes to forecasts of crude output… Is something sinister going on? Yes, says former oil man Jeremy Leggett, and it’s time to face the fact that the supplies we so depend on are going to run out
What they don’t want you to know about the coming oil crisis
The coming oil crisis
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I think everyone knows all that already, people are just ignoring it and hoping it will go away. Governments are too afraid to address the issue as it would mean making unpopular decisions that may lead to them losing power. Private companies are going to carry on with their current practices as long as it remains profitable. Whatever the solution it’s going to be extremely expensive and no one is prepared to face up to it. So everyone’s just burrying their heads in the sand. Slice of ice cream cake anyone ?