Oil company advertises "we're running out of oil" - world says "nothing"
Apart from the linked story, there is little editorial from Chevron's Advertising campaign about willyoujoinus
. I also had a very complacent response from the governemnt about when global oil supplies will peak.
The government point to the IEA's prediction of post 2030. They also make reference to the misleading point that the quoted reserves are 30 years plus of production. That is not a relevant issue as what matters to people is what they can use each year. As soon as that figure is constrained then the global economy switches into scarcity mode and resource costs start going up rather than down.
This is where the Uppsala Protocol comes from. However, for the moment we have the government ignoring the issue publicly.
Gordon Brown is also playing games with the current account deficit (Golden Rules etc). I am not quite sure what he is hoping for. The "something will turn up" strategy is not prudent.
Still the whole political agenda has taken a step up in gear. It remains to be seen whether the government recognise that you need two legs to stand for peace. One leg is entitled security and the other justice.