Shell today published Signals and Signposts – a report into future energy scenarios which their look at global developments in the world’s energy supply, use and needs.

Frankly its kind of shocking, you don’t need to look too hard between the lines to see that they are scared. They more of less come right out and say that even with new discoveries and efficiency measure there simply wont be enough oil (energy) for everyone that wants it, and that a return to the “price boom,” that was interrupted when the economy fell apart, could (and probably will) return. They also say (in their special oil company speak) that global warming is going to be a big problem, and going to get bigger.

If you run this through a translator into normal speak it basically says, “peak oil is here, and we are worried”.

This is from an oil company. I really don’t think we need any further proof, it would now seem that almost everyone, up to and including a Shell Oil, are worried about energy shortages and global warming.

Here is the summary from their press release and a link to the full report.