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?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s