Posted by Chris Vernon on September 16, 2007 - 12:30pm in The Oil Drum: Europe

The former non-executive chairman of Shell UK will issue a stark warning about the world's oil supply at a conference in Ireland later this week. Lord Oxburgh expects that global oil demand will outstrip supply within twenty years as production hits plateau, and that the oil price could hit $150 in the long term. He accuses some in the industry of having their headsabout oil depletion, and concludes

Lord Oxburgh will deliver his speech entitled Out of Oil, Into Hot Water at the Cork conference Association for the Study of Peak Oil (ASPO) on Tuesday. Lastoilshock.com secured an exclusive preview.



Lord Ron Oxburgh

Read the full interview here.