This is why we need ingenuity: we are in an energy hole

Matt Simmons, financial advisor to the energy industry has released this presentation which spells out the urgency of the situation.

Energy production is at its maximum, exacerbated by hurricane Katrina. Demand is rising, and unless we start decreasing the energy intensity of the way we live the coming shortfall will not only impact economic growth, but cause extreme physical hardship.

Now is the time for all think tanks - ours included - to step up our efforts to find low energy solutions and maybe more importantly - new approaches to business and money.