UK will face peak oil crisis within five years, new industry 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 Peak Oil Task Force, 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.

The main conclusions of the Taskforce are:

1. The effects of peak oil will be felt in the next five years - during the next term of government
2. The risks to UK society from peak oil are far greater than those that tend to occupy the Government’s risk-thinking, including terrorism
3. The UK Government needs to re-prioritise peak oil - as the impacts are more likely to arrive first – before climate change

Read more: The Guardian
Download the report from: Peak Oil Task Force