Jeremy Leggett, a former oil man, wrote an article in The Independent (20/1/06) entitled, What they dont want you to know about the coming oil crisis. He wrote:
A spectre is haunting Europe – the spectre of an acute, civilisation-changing energy crisis. We have allowed oil to become vital to virtually everything we do. Ninety per cent of all our transportation, whether by land, air or sea, is fuelled by oil. Ninety-five per cent of all goods in shops involve the use of oil. Ninety-five per cent of all our food products require oil use.
The world consumes more than 80 million barrels of oil a day, 29 billion barrels a year. This figure is rising fast, as it has done for decades. The US government expects that global demand will grow to around 120 million barrels a day, 43 billion barrels a year, by 2025. However there is no way that the oil industry can produce this amount of oil. Leggett says, The most basic of the foundations of our assumptions of future economic wellbeing is rotten. Our society is in a state of collective denial that has no precedent in history, in terms of its scale and implications.
The modern industrial world has been built on...
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