2010 Peak Oil Report

This is where all those media soundbites of Richard Branson are coming from. He’s part of the UK Industry Taskforce on Peak Oil and Energy Security, which published its 201 report on peak oil.

The taskforce argues that “oil shortages, insecurity of supply and price volatility will destabilize economic, political and social activity potentially by 2015″.

“Working together, we must ensure that the Government takes action to address the impact of the oil crunch and ensure the UK is better prepared to withstand higher and more volatile oil prices. UK competitiveness will be hampered unless we can develop viable, affordable and secure long term sources of alternative energy.” Richard Branson, Founder of Virgin Group.