Wednesday, August 5, 2009

Exclusive Warning: Oil supplies are running out fast

Catastrophic shortfalls threaten economic recovery, says world's top energy economist.

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

By Steve Connor

http://www.independent.co.uk/news/science/warning-oil-supplies-are-running-out-fast-1766585.html

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