Second ITPOES report warns of descending global oil production by 2015.

The UK Industry Taskforce on Peak Oil and Energy Security publishes “The Oil Crunch – A wake-up call for the UK economy” at a press launch in the Royal Society. See also You-Tube films of comments by ITPOES executives including Richard Branson, and the response by the head of international energy security at DECC, Chris Barton.