Page added on March 9, 2005
we will soon be faced with the effects of the rundown of the world’s oil reserves after the advent of peak oil. Peak oil represents the most serious and immediate challenge to our prosperity and security. It will impact on our lives more certainly than terrorism, global warming, nuclear war or bird flu. While it may not be a term with which members are familiar now, I predict it will come to dominate debate in this place over the next 10 years.
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