‘We have already entered peak oil,’ says IEA whistleblower, page
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Topic started on 9-11-2009 @ 08:48 PM by loam




Key oil figures were distorted by US pressure, says whistleblower

The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.

The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.

The allegations raise serious questions about the accuracy of the organisation's latest World Energy Outlook on oil demand and supply to be published tomorrow – which is used by the British and many other governments to help guide their wider energy and climate change policies.



We are just queuing up the potential disasters lately, aren't we?

Maybe that's why the politicians have all gone mad...

See also:

‘We have already entered peak oil,’ IEA source reportedly claims


[edit on 9-11-2009 by loam]


reply posted on 12-11-2009 @ 05:14 PM by colec156
This maybe the case but then again who knows what is the truth here.

You know, within the last week most oil companies have been posting severely reduced profits on against last year.

click here

Next thing you know an IEA whistle blower pops up, shouts that we are well into peek oil and hey presto, the price of oil rises and just wait till the world comes out of recession properly.

I have a friend who works for a massive US energy giant here in the UK, They have the technology to extract more oil from new wells and they even can go back to the old wells and extract more oil which before was not possible.
They also have all the green technology they need and are just waiting on world govt's to say right chaps time to go green.
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