DECC remain cool over allegations

After allegations arose that ministers had ignored warnings about peak oil, the Department of Energy and Climate Change said there was ambiguity over what was peak oil. A DECC spokesman […]

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By Tom Gibson

After allegations arose that ministers had ignored warnings about peak oil, the Department of Energy and Climate Change said there was ambiguity over what was peak oil.

A DECC spokesman said: “We do not subscribe to a particular view on when oil production is likely to peak. Whatever people’s views on peak oil, and there are many, the key point is that the risk of significant rises in oil prices and volatility is real.”

The department defended their report by highlighting their exploration into alternative methods of producing energy.

The UK looks at a variety of sources that assess oil demand and oil depletion including the IEA, industry and other research organisations. These draw similar conclusions to the IEA’s analysis – that conventional oil production is unlikely to grow in the future as it has in the past.”