Reply #47: How About The BBC Reporting On The ASPO Conference Last Month [View All]

Is the world's oil running out fast?
By Adam Porter
at the Peak Oil conference in Berlin
Monday, 7 June, 2004

http://news.bbc.co.uk/1/hi/business/3777413.stm

If you think oil prices are high at $40 a barrel then wait till they are four times that much.

How will you pay to run your car? How will you get the children to school? How will you heat your house? How much will transported food go up in price?

How will we pay for plastics, metals, rubber, cheap flights, Simpson's DVDs, 3G phones and everlasting economic growth?

The basic answer is, we won't.

This is the message from the Association for the Study of Peak Oil (ASPO).

The group of oil executives, geologists, investment bankers, academics and others has been warning the world of high oil prices, and the ensuing fallout, for some years now.

Snip ......