November 20, 2009

Future oil shortages are being purposely underestimated

Jim Harris
Magazine Article

The International Energy Association (IEA) released its World Energy Outlook to controversy on Nov. 10. The U.K.-based Guardian newspaper quotes IEA sources admitting the agency’s figures for future oil production were inflated because of U.S. pressure. The two separate sources within the IEA want to remain anonymous because they feared reprisals. Now why does this matter? Put simply, future oil shortages are being downplayed.

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