Oil crisis 'could be as bad as financial crisis'

The world is hurtling towards an oil crunch which will be as bad as the financial crisis unless urgent action is taken. That's the warning from business leaders in London, including Sir Richard Branson. Duration: 00:52.

Category:

News & Politics

Tags:

• WEB
• BRITAIN
• OIL
• BUSINESS
• ENVIRONMENT

[johnTconover]

And what fiat currency are you going to redeem your investments in? Rising energy costs are a guarantee that governments worldwide will turn the printing presses to 11, not that it will do anything but delay the inevitable. I hate sounding like a tin-foil hatter but I hope your portfolio consists of arable land, canned beans and a .22 rifle. The ponzi is collapsing, anyone who cannot see that and continues to play the investment game will be the greater fool when the rush to exit begins ;-)...

[btigtime2]

wow, 25 people listening... Let all who have ears, let them hear. This is going to catch everyone off guard and it could not be said plainer yet way way understated in 52 seconds.

[johnnyboy41]

Thats good then.. because you can eat money right?

[wimmyroadisback]

I dont care, as long oil prices rise and my investment portfolio increases.

[btigtime2]

and practically impossible to do on a mass scale without a complete rebuild. effort compared to developing the South Pole. Pretty much logistically impossible on such a scale.

[voyeurdug]

... (?)... about .01% of the conversation. All other (than oil-based) energy sources are exerting downward pressure on demand psychologically... because 1) development of and 2) conversion to, those sources to any significant degree, are years away.