Last February, from The Guardian:
Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is running out of oil and faces an oil crunch within five years. The founder of the Virgin group, whose rail, airline and travel companies are sensitive to energy prices, will say that the coming crisis could be even more serious than the credit crunch. The next five years will see us face another crunch – the oil crunch.
“This time, we do have the chance to prepare.”
But unlike the ‘credit crunch,’ who in authority will be able to say, “No one saw it coming.”?
Oh, this guy:
Last line in the article: Tony Hayward, the BP chief executive, downplayed fears about dwindling supplies in an interview with the Guardian last week.
