“Oil Crunch” Big Threat To U.K. Economy, Says Report

Some businesses in the United Kingdom are warning of an oil shortage that could affect consumers more deeply than the financial crisis.

The U.K. Industry Task-Force on Peak Oil and Energy Security, or ITPOES, released a report today, “The Oil Crunch: a wake-up call to the UK economy.” It says oil shortages will destabilize...

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