Source: Euractiv.com published May 4, 2011
The European Commission's director-general for transport and mobility policy has warned at a conference on peak oil that it would be a "fatal mistake" for the EU to postpone measures to reduce oil dependency.
"If action is delayed, in the not-too-distant future we may be forced to drastically reduce all our mobility and import technological solutions from other part of the world," Marjeta Jager told a Green Party conference in the European Parliament.
The European Commission's Transport White Paper famously said that "curbing social mobility is not an option".
Peak oil is the point at which half of the world's original oil reserves have been used up and production enters a period of terminal decline, characterised by soaring prices and supply disruptions.