April 13, 2007

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What they don't want you to know about the coming oil crisis

The Independent

Adapted from "Half Gone: Oil, Gas, Hot Air and the Global Energy Crisis", by Jeremy Leggett (Portobello Books, £12.99). To order a copy for the special price of £11.99 (inc P&P), call Independent Books Direct on 08700 798 8897

What they don't want you to know about the coming oil crisis
Soaring fuel prices, rumours of winter power cuts, panic over the gas supply from Russia, abrupt changes to forecasts of crude output... Is something sinister going on? Yes, says former oil man Jeremy Leggett, and it's time to face the fact that the supplies we so depend on are going to run out
By Jeremy Leggett
Published: 20 January 2006

A spectre is haunting Europe - the spectre of an acute, civilisation-changing energy crisis. The latest wobble over disruptions to gas supplies from Russia is merely the latest in a series of reminders of how dependent our economies are on growing supplies of oil and gas. On Wednesday, Gazprom's deputy chairman was in London reassuring Britain that there would be no risk of disruption to British gas supplies in the fall-out from the ongoing spat between Russia and Ukraine over pricing. The very next day, temperatures in Moscow broke a 50-year record, plunging to minus 30C. Gas normally exported was diverted to the home front. Supplies to the West fell.

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