Tag Archives : oil price hike

Ben Quinn, correspondent for The Christian Science Monitor, reports that Virgin owner and megawealthy Richard Branson supports the alarmist ‘warning of an impending peak oil crisis.’ Branson and some fellow British business leaders funded a recent study whose report supports the claim that peak oil will be real by 2015. The impending scenario where [...]

‘The false threat of disappearing oil’ has brought about a mad scramble for renewable energy schemes, as well as imposition of ‘unnecessary and expensive conservation measures on a public already struggling through tough economic times.’ The ‘peak oil theory’ states that ‘geological scarcity will at some point make it impossible for global [...]