There is no doubt that the West may face a Major New Energy Crisis within the next decade.

It stated that the West could face a New Energy Crisis within the next decade, andthat industrialised countries could run short of oil supplies as early as 1981 - that is a far more serious situation than we have so far imagined - if Saudi Arabia decides to hold its production at 9 million barrels a day.

We are facing a Grave New Energy Crisis.