[Ost-news] Oil industry 'sleepwalking into crisis'

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

Oil industry 'sleepwalking into crisis'  
Former Shell chairman says that diminishing resources could push price of crude to $150 a barrel  
By David Strahan and Andrew Murray-Watson  
Published: 16 September 2007 // Independent UK

Lord Oxburgh, the former chairman of Shell, has issued a stark warning that the price of oil could hit $150 per barrel, with oil production peaking within the next 20 years.

[read more][1]

    [1]: http://oilsandstruth.org/oil-industry-sleepwalking-crisis

URL: http://oilsandstruth.org/oil-industry-sleepwalking-crisis