Main Stream Media in abnegation shock over 2008 Global IEA Peak Oil report.

A Taskforce on Peak Oil and Energy Security warns that supplies of cheap, easily accessible oil will start to diminish by 2013. The Taskforce group, which includes Virgin, Yahoo, Solarcentury and transport operator Stagecoach, wants the Government to dramatically increase investment in clean energy and renewables to avoid an energy crisis. The IEA figures to 2030 are based on the assumption, that governments invest in clean energy and renewables while using coal for liquid fuels, transferring additional transportation fuels to natural gas and fully develop African oil production before a 2015 deadline. The efficiency of used energy must also be drastically improved during the ongoing decline. Furthermore: In most cases, basic Victorian engineering skills, adapted in modern industries could improve efficiency by 60-80% as scientist have pointed out in the past. The illusion of unlimited and cheap energy has caused modern engineering to lose these basic skills while planning new projects and industry complexes. Most industrial energy is wasted on pumping liquids & gases by brute force rather than good engineering. (I will cut a short video together on that subject) www.iea.org http Key Graphs: www.worldenergyoutlook.org Fact sheets: www.worldenergyoutlook.org

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