Even oil companies warning of impending oil crunch

According to an article in the Guardian, the CEOs of Total and Petrobras are joining the people warning of an oil crunch, when supply will no longer keep up with demand. Despite this, the UK government asserts that there is at least 40 more years, as do many major oil companies.

With modern economies geared to their rivets on just-in-time supply of copious amounts of affordable oil, society surely ignores this risk issue at its massive peril.

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