“Even before we reach peak oil, we could witness an oil supply crunch because of increased Asian demand. Major new investment in energy takes 10-15 years from the initial investment to first production, and to date we have not seen the amount of new projects that would supply the projected increase in demand.”

One thought on “Report from Lloyds of London (insurance) and Chatham House (strategic studies)”

  1. First timer, How long untill the drop in crud oil production forces the U.S. to ration gas? I know it will be just a guess but yours is bound to be better than mine? I just read ruppert, and campbell books. Scared the hell out of me. yours J.G.

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