British PM warns of global oil 'shock'

NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 591

British Prime Minister Gordon Brown warned Wednesday that the world faced an era-defining oil "shock" that required urgent action, as European leaders struggled to contain growing protests over soaring fuel prices.
"It is now understood that a global shock on this scale requires global solutions," Brown wrote in The Guardian newspaper.

Record oil prices of around 135 dollars a barrel have contributed to protests worldwide over the rise in fuel and food costs, with fishermen and truck drivers taking the lead in Europe, blocking ports and road access to oil depots.

"However much we might wish otherwise, there is no easy answer to the global oil problem without a comprehensive international strategy," Brown said, adding that the problem should be made a "top priority" at the EU summit next month and the gathering of G8 leaders in July.

"The way we confront these issues will define our era," he said.

http://www.breitbart.com/article.php?id=080528135341.va9dpf9d&show_article=1

Cashmere · Light Sweet Crude Joined: Mar 27, 2008 Posts: 1485

AirlinePilot

Im visiting the UK right now and watching the BBC as I write this. The news item with Brown was whitewashed badly with zero information about the quotes you put above. Definitely a spin job meant to placate the sheep.

Twilight · Expert Joined: Mar 02, 2007 Posts: 2971 Location: UK

BBC: Brown urges increased oil supply

charliehelyes · Heavy Crude Joined: Mar 27, 2005 Posts: 105

Writing in the Guardian ahead of the talks, the prime minister said there was no quick fix to the "third great oil shock".

Oil prices have soared almost 40% this year alone on the back of a weaker US dollar and growing fears over the imbalance between tight supply and rampant demand.

pstarr

Twilight, most people don't know the difference between 50 million and 50 billion barrels, much less the sad history of North Sea petroleum production.

Show them the curve though and they'll get it quick. Pretty pictures always work Razz

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Novus · Light Sweet Crude Joined: Jun 21, 2005 Posts: 1646

Governments and Nations need to wise up to the hard facts of energy depletion. When the peak is reached it is irreversible. The North Sea peaked in the year 2000 for Great Britain. It is time to move on and prepare for the power down. England is hugely overpopulated beyond what is produced domestically. The BNP is the only political organization to recognize this. England needs to act before the horrors that have never been seen before in this land set themselves in motion.

Twilight · Expert Joined: Mar 02, 2007 Posts: 2971 Location: UK

Here is Brown's opinion piece in The Guardian.

Twilight · Expert Joined: Mar 02, 2007 Posts: 2971 Location: UK

mididoctors

British PM states the bloody obvious then suggests the utterly stupid.

fantastic.. it is truly pathetic.

off to powerswitch for a rant

Boris
London

Twilight · Expert Joined: Mar 02, 2007 Posts: 2971 Location: UK

Plantagenet

kokoda · Heavy Crude Joined: Aug 24, 2006 Posts: 420

It would have been great to hear a politician utter that when it mattered ... about 10 years ago.

TheDude · Last edited by TheDude on Wed May 28, 2008 6:26 pm; edited 1 time in total

Upcoming statement: "Nobody anticipated the finiteness of the oil supply."

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Cogito, ergo non satis bibivi
I'm just gonna find a cash machine.

sjn