By Katia Moskvitch
Science reporter, BBC News
Former UK chief scientific adviser has said that as global oil demand starts to outstrip supply, oil companies will be forced to drill in unconventional places.
This, in turn, might create great environmental, social and technological challenges, Sir David King said.
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Sir David said that detailed, objective analyses showed that conventional oil reserves were actually 30% lower than generally accepted.
The possible consequences of conventional oil supplies running out fast have been described in a Smith School report, published in the journal Energy Policy in March.
"As early as 2015, oil production capacity is going to begin to be challenged in terms of meeting rising demand, particularly from continuing growth of the economies of China and India," Sir David commented at the press conference.
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more:
http://news.bbc.co.uk/2/hi/science_and_environment/10278831.stmCan you say bigger/faster/worse than expected?