Richard Branson and other business leaders will warn this week that the world is hurtling towards an "oil crunch" to match the financial crisis within five years.

With a global crisis looming, what are we doing to ease our addiction to fossil fuels and imported energy? Not much. Claire O’Sullivan reports.

RISING oil prices will hit motorists hard with the price going to over €1 per litre during the summer months, Automobile Association spokesman Conor Faughnan warned yesterday.