The world is
facing another crisis; with the peak flow of oil expected to run until
2012 at the latest plant developers are being urged to investigate
hybrid technology to power their equipment and machinery. A stark
message was given by the Committee for European
Construction Equipment's (CECE) Congress when they insist that the rate of introduction of hybrid technologies must speed up.
Chris Skrebowski of Peak Oil Consulting informed delegates of the situation. Currently, oil supply
is keeping pace with demand, but as existing reserves are exhausted,
the smaller deposits being discovered won't keep pace with the growing
Transport accounts for 50% to 75% of all oil use, which means that the impending
shortfall will force the adoption of hybrid and alternative
technologies - especially for surface transport on land, which is the
easiest to switch to other forms of fuel.