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Posted Wed Jun 15 2011: from Guardian:
UK ministers ignored 'peak oil' warnings, report shows
The government was warned by its own civil servants two years ago that there could be "significant negative economic consequences" to the UK posed by near-term "peak oil" energy shortages. Ministers were told it was impossible to know exactly when production might fail to meet supply but when it did there could be global consequences, including "civil unrest." Yet ministers consistently played down the threat with the contemporaneous Wicks Review into energy security effectively dismissing peak oil as alarmist and irrelevant.... Civil servants from the department of energy and climate change argued that while global oil reserves were still plentiful, it is "clear" that existing fields are maturing and new production is being slowed by bottlenecks. Yet it concludes that "alternative technologies to oil will take a long time to develop and deploy at scale."... Meanwhile the US Military Joint Forces Command issued its own review in 2010 predicting surplus oil production could disappear as early as next year. And the University of Uppsala in Sweden argued in The Peak of the Oil Age report that oil production may already have passed its maximum. Energy academics there have repeatedly claimed that many governments and their watchdog, the International Energy Agency, have been playing down their fears for many years.
[Read more stories about: peak oil, economic myopia, governmental idiocy]

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The real question: Are we at the Peak of peak-oil stories?

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