Skip to comments.Branson warns that oil crunch is coming within five years
Posted on 02/07/2010 1:23:27 PM PST by Lorianne
Sir Richard Branson and fellow leading businessmen will warn ministers this week that the world is running out of oil and faces an oil crunch within five years.
The founder of the Virgin group, whose rail, airline and travel companies are sensitive to energy prices, will say that the coming crisis could be even more serious than the credit crunch.
"The next five years will see us face another crunch the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well," Branson will say.
"Our message to government and businesses is clear: act," he says in a foreword to a new report on the crisis. "Don't let the oil crunch catch us out in the way that the credit crunch did."
(Excerpt) Read more at guardian.co.uk ...
That is too funny.
Oh, you mean we will run out of places that the Commie gubmit will let us drill.
Phooey! Obama will be gone in three and we can get all we want.
Yeah yeah yeah. Super Rich become super socialists. Big whoop.
Baloney, Salami, Pastrami.......How High was his Chin in the Air when he said this ? Same as Obama’s ?
America has 500 yrs of Oil at present consumption rates withing the Continental USA.....just because the Former MSM doesn’t talk about it, doesn’t mean its not here.
I call B. S.
Do you have any comments?
the world is running out of oil and faces an oil crunch within five years.
Mark this prediction and remind everyone how wrong he was in 2015.
Too many of these guys spout off with wild predictions, that never come true, and what's worse, no one holds their feet to the fire. Paul Erhrlich, a former professor at Stanford and Kenneth Watts, a former professor at UCDavis, as examples, had the world coming to a screeching halt between 1990 and 2000, with their predictions in the late '60's and early '70s.
well yeah...but only OUR Commie gubmint...the Cubans will drill, Venezuela will drill and the chicoms will help them..
we will starve and freeze in the dark, just like our Marxist b@$t@rD POSOTUS wants for us.....he wants us kept down and beholding to his largess for all things in life.
Time to Drill here, Build here, Refine here NOW.
Time for you Government types to get out of the way.
Is he investing in oil?
And people still listen to them.
I don’t know about all that. I do know that down here in Texas, we are standing up derricks as fsat as we can. I haven’t been this busy in a while. I have been told 2011 is going to be the busiest we have seen a many years...
But we are drilling on private land.
Heck we have inexperienced people starting out around $70,000 a year.
The world’s been 5 years away from running out of oil since the turn of the last century.
Naw couldnt find anything as arrogant as zer0s arrogance
Man made global warming is a hoax.
Man made oil shortages are not.
Drill baby drill.
Since the world’s squandered the last decade by not drilling for oil, we probably WILL see a shortage sometime between now and when the new oil wells begin producing.
As many times as people that make predictions like this have been wrong (Paul Erlich, Ted Danson, Prince Charles), you’d think people would learn the lesson, and only make predictions due to occur long after they are dead.
You’re right. Ehrlich seems to think he has been rehabilitated (of course, in his opinion, he didn’t need rehabilitation)...but now he’s just a doddering old fool.