Governments Ignore the Oil Supply Crunch and Threaten the Climate


This in-depth report by Global Witness calls for governments worldwide to stop counting on the increasing availability of oil and recognize that we are facing an imminent oil supply crunch. Due to the combination of four trends - oil field depletion, declining discovery rates, insufficient new projects and rising demand - it will soon be impossible to increase the volume of oil on the market to meet demand. Because oil provides one third of the world's primary energy, this will have serious consequences on food security and international stability. Energy rivalries - if not energy wars - can be expected to multiply. Rising international tensions will also make it more difficult for countries to cooperate in order to tackle the problem of climate change.


Global Witness
October 2009


Click here to read the full report:

http://www.globalpolicy.org/images/pdfs ... nd_web.pdf


http://www.globalpolicy.org/home/198-na ... imate.html