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The International Energy Agency used to have the role of being the energy optimists, reassuring Governments and markets that there would be sufficient supplies to keep the world sufficiently fueled for the foreseeable future. Indeed, it is still one of their wildly outdated and wildly optimistic forecasts that still underpins the UK government’s absurb assertion that oil will cost $67 a barrel in 2020.
With the oil price looking pretty settled at $126 a barrel having reached as high in recent days as $128, what does the UK Government estimate the future oil price to be? Clearly one would imagine that as the most responsible body in the land, charged with making long term decisions that affect us all, they would have their fingers on the pulse of this one. Unfortunately the official position is as insulting as it is pathetic.
I wrote a while ago about how the Totnes Pound is being taken as a model in a number of Welsh towns, and now news comes that Lewes in Sussex are planning their own currency too. The short film which you can see here, also features, among others, Adrienne Campbell and Oliver Dudok van Heel from Transition Town Lewes with a guest appearance by TTT’s Robert Jackson. Well done Transition Town Lewes, and best of luck with the new Pound. Here is the accompanying article from the BBC website;
Things seem to be moving so fast these days. About 6 months ago, BBC Radio 4’s consumer affairs programme ‘You and Yours’ ran a piece about Transition Initiatives and peak oil where Jeremy Leggett debated peak oil with a ridiculous guy from Audacity.org, who basically argued that the free market will solve all ills and there is still loads of oil left. The presenters rather laughed off the peak oil discussion as though it was all rather alarmist and silly. How rapidly things have changed. Yesterday’s ‘Call You and Yours’ was devoted to high oil prices and how they are affecting the consumer, and it was powerful stuff (you can hear the programme for the next 6 days here).
By Rob Sharp. The Independent. Thursday, 1 May 2008
If you were to nip down to Devon’s Totnes market on a Saturday looking to buy some spelt flour pancakes, crêpes or falafels, then you might just encounter Lou Brown, who is a remarkably fine cook. But she has another, non-culinary distinction. Unlike most businesses in the country, Brown does not deal in currency with a picture of the Queen’s head on it. No, instead, her change features an image much closer to home. The town where she lives.
