We have already entered peak oil,' IEA source reportedly claims, page
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Topic started on 10-11-2009 @ 12:22 PM by Max_TO

We have already entered peak oil,' IEA source reportedly claims


rawstory.com
Two International Energy Agency whistleblowers have come forward with startling claims about the world's supply of crude oil, according to a report published Tuesday.

"We have [already] entered the 'peak oil' zone," an unnamed former IEA official told British newspaper The Guardian. "I think that the situation is really bad."

A second whistleblower reportedly claimed that the IEA's current figures are inflated due to pressure from the United States and a pervasive fear that the announcement of falling oil output in the future could cause markets to respond with panic.
(visit the link for the full news article)


reply posted on 10-11-2009 @ 08:45 PM by wdkirk
www.moneyweek.com...

Another supporting article to Peak Oil. Its anyone's best guess when we hit Peak Oil production.

The US should invest in alternative fuels full force. Its time to stave off the oil barons.

Next up... the dwindling supply of steel.

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