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UK will face peak oil crisis within five years, report warns

Posted on 30 October 2008

From Guardian: Declining availability of oil will hit the UK earlier than generally expected, with potentially devastating implications for the UK economy, report warns. The risk to the UK from falling oil production in coming years is greater than the threat posed by terrorism, according to an industry taskforce report published today.

The report, from the Peak Oil group, warns that the problem of declining availability of oil will hit the UK earlier than generally expected - possibly within the next five years and as early as 2011….. Full Article: Source


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