The Economy

The risk
Our unprecedented global demand for energy is the main reason for high oil prices and cost inflation, resulting in pressures on supply. Neither the government, nor the public, nor many companies, seem to be aware of the dangers the UK economy faces from imminent peak oil. Big as our current economic problems are, peak oil means a very high probability of worse problems to come.

The opportunity
The peak oil problem may yet bring out the full potential for adaptability and capacity for change in the British economy. There are massive income streams lying dormant in renewable energy assets that can be awakened, offering a new way to stimulate economic growth and to make a direct contribution to taxation. The right investments now can deliver real long-term security through creating a new kind of economy - sustainable, locally resilient but still active in a global context, rich in jobs and reliant on our own indigenous, inexhaustible energy supplies.