Prepare for Another Oil Price Shock

Five months ago, a report from the UK Energy Research Council predicted that global oil production would likely peak before 2030, with a significant risk of it peaking by 2020. Now the UK’s Industry Taskforce on Peak Oil and Energy Security is predicting rapid increases in the price of oil in 2014/15.

What will this mean for Mauritius when our Long-Term Energy Strategy (2009-2025), especially for the transport sector, depends significantly on imported petroleum?

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