November 11, 2009

IEA Lied - we really DON'T have much oil left

It's an interesting news day for Peak Oil followers. The Guardian reports on two (senior) whistleblowers who claim the IEA (International Energy Agency) has been exaggerating oil reserve figures under pressure from the US.

http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency

This came out the day before the IEA released its World Energy Outlook, used by most countries to form energy policy.  An executive summary is available here: http://www.iea.org/index_info.asp?id=854

If you were waiting for a reason to worry... um, this is a good one.

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