[p2p-research] lloyds worries about peak oil

[Michel Bauwens]

via DoP newsletter:

PEAK OIL: MODERN SOCIETY 'AT RISK' SAYS LLOYDS
A new report from Lloyds Insurance and Chatham House warns of 'dramatic
changes
in the energy sector... failure to prepare will be expensive and potentially
catastrophic'. Modern society has been built on the back of access to
relatively
cheap, combustible, carbon-based energy sources, the report states, but
'that
model is outdated... We are heading towards a global oil supply crunch and
price
spike (in which) energy infrastructure will become increasingly vulnerable'.
The Lloyds analysis is not new; its novelty lies in the fact that two
establishment bodies have 'come out' on the subject of peak energy and its
possible consequences. Yikes.
http://www.chathamhouse.org.uk/files/16720_0610_froggatt_lahn.pdf

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