CLEAN:Oil crisis could be as bad as financial crisis

The video discusses the dependence on oil and the lessons learned from past financial crises, emphasizing the importance of heeding warnings from Brazil's oil discoveries. It highlights the onset of peak oil and its wide-ranging impact on industries, urging attention to avoid economic setbacks similar to the credit crisis.

Discuss the relationship between the credit crunch and the oil dependency mentioned in the text.

Why is it important for British businesses to respond to the warnings regarding oil dependency?

What are the potential consequences of the onset of peak oil for British businesses?

How might the rising oil prices affect the production of various goods?

In what ways can British industry prepare for the challenges posed by peak oil?