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Posted Thu Jun 10 2010: from BBC:
Oil extraction increasingly risky
Future oil extraction could create new environmental, social and technological challenges, says the UK's former chief scientist. Sir David King said that, as global oil demand started to outstrip supply, oil companies would be forced to drill in unconventional places.... The scientist has called on governments to "de-fossilise" their economies and accelerate the development of alternative energy sources, such as biofuels, to reduce the world's dependence on oil. He added that global oil resorces might in fact be drying up faster that many - including governments - have been led to believe.... "As early as 2015, oil production capacity is going to begin to be challenged in terms of meeting rising demand, particularly from continuing growth of the economies of China and India," Sir David commented at the press conference.... He concluded that, together with an effect on climate change, these two "highly pressing" reasons should be enough to persuade world leaders to reduce dependence on fossil fuels, something that will become "a very significant issue as we move into the next decade".
[Read more stories about: peak oil, contamination]

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'Doc Michael says:
Bravo, Sir David. Could you, perchance, depict the depth of human misery those "significant issues" will produce?

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