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Wednesday 9 June 2010 at 10.30pm on BBC Two
Presented by Jeremy Paxman



Is time running out for the oil industry?

Many energy experts are warning that we are fast approaching "peak oil" - the moment when the maximum rate of global extraction is reached, after which the rate of production enters terminal decline.

And, while there are as yet untapped reserves, they are often in inaccessible areas, and the Deep Water Horizon disaster in the Gulf of Mexico has raised questions about whether mining them is worth the risk and the expense.

Jeremy Leggett, author of Half Gone, said in the Financial Times today that we are facing an oil crunch in the same way that we had a credit crunch.

He will be joining us on the programme tonight, along with the CEO of an oil company.

Diane Abbott, Ed Balls, Andy Burnham and David and Ed Miliband have all gathered enough nominations to make it onto the ballot paper for the Labour leadership contest.

Abbott - who says she entered the race because she wanted to offer an alternative to the white, male, middle-class New Labour field - will be joining us live on the programme tonight.

The UN Security Council has imposed fresh sanctions on Iran over its nuclear programme, but despite the bluster from both sides how much difference will they really make?

Mark Urban has a film about the growing independence and economic development of the West Bank.

And we will be asking what is our "folk memory" of the 1980s and why does it continue to influence our culture and politics to such a degree?

David Peace, author of The Damned United and The Red Riding Quartet, and PR and lifetstyle guru Lynne Franks will be giving us their view.

Do join Jeremy at 10.30pm on BBC Two.




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