Home » Wind Power News

Whistleblower: World Running Out of Oil Faster Than IEA Says

13 November 2009 No Comment

Whistleblower: World Running Out of Oil Faster Than IEA Says

According to two unnamed sources as reported in the Guardian—one current International Energy Agency (IEA) employee and one former—the IEA has been purposely painting an overly rosy picture of the remaining available world oil supplies to avoid panicking the public. Apparently this obfuscation has been a result of heavy pressure from the United States.

As one whistleblower put it, “Many inside the [IEA] believe that maintaining oil supplies at even 90m to 95m barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further. And the Americans fear the end of oil supremacy because it would threaten their power over access to oil resources.”

Read more of this story »


Source: Green Options

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.