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Thu 06 Jun 2010Oil supply crunch would leave us all in deep water
The Deepwater Horizon disaster casts doubt on the future of deepwater drilling and may hasten the arrival of peak oil, writes FRANK McDONALD
THE LUTINE Bell, salvaged from the wreck of a British frigate that sank off the Netherlands in 1799, is preserved in an elaborate Corinthian rostrum standing rather incongruously in the high-tech atrium of Lloyd’s of London. By tradition, it was rung once when a ship was lost at sea, so that all the company’s insurance brokers and underwriters heard this bad news at the same time.
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