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Crude awakening


The most important issue that politicians will have to tackle in the next term is the fact that the rate of production of crude oil globally is forecast to reach a peak around 2008 and decline thereafter (NCE last week).

This will have a very marked effect on the rate of economic growth of this country and the world. The need for most of what we do, as civil engineers, is generated by this same economic growth.

There will be a significant down-turn in new construction and a shift from newbuild to refurbishment and the installation of energy saving measures. Are the politicians preparing for the economic and financial impact 'peak oil' will have, and are we as a profession preparing for it?

Roger Button (M), 4 Beaufort Place, Larkhall, Bath, BA1 6RP

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