Reports fuel supply fears

Evidence of a looming supply crunch is mounting following the publication of two major reports illustrating the tightness of global oil markets.

In a report entitled Facing the Hard Truths about Energy: A Comprehensive View to 2030 of Global Oil and Natural Gas, the US's National Petroleum Council (NPC) calls for an integrated national strategy in the US with which to face "accumulating risks" to the supply of reliable, affordable energy.

Underlining the significance of the 21-month enquiry is