"there will be a crunch on supply and demand"

@emmalush wrote:

The quote is from the business reporter on bbcnews24 referring to the cost of petrol now that prices are increasing and unlikely to go down.

Theres a theory that the world’s oil is at its peak, thus the reason for high prices.

The media is normally very carefull in panicking the public, and cautious of what they say, but this is the bbc, they aren’t exactly professional.

Did she let it slip? Petrol is now approximately £1 a litre, so how long before oil runs out?

A Crude Awakening: The Oil Crash – trailer http://www.youtube.com/watch?v=Or-TyPACK-g

I dont drive, so i dont care lol

@emmalush wrote:

The media is normally very carefull in panicking the public, and cautious of what they say, but this is the bbc, they aren’t exactly professional.

Did she let it slip? Petrol is now approximately £1 a litre, so how long before oil runs out?

A Crude Awakening: The Oil Crash – trailer http://www.youtube.com/watch?v=Or-TyPACK-g

You cannot possibly believe the media are careful in creating panic amongst the public- the media THRIVE on speculation desgined to create discord and uncertainty. Every Autumn, TV and newspapers will have report after report abou the “worst winter ever coming up”…. you’d think the recent flodds were the work of Noah n his ark would be just around the corner if you based your impression on what the media said.

Petrol has been approx £1 per litre for almost 2 years (caused by gvt tax NOT oil prices)- of course oil will run out soon (next 100 years if the scientists are to be believed)- where the failure is in a massive invetsment in sourcing and implementing alternative energy sources which are sustainable and viable.