[CAMWEST-discuss] peak oil

Danny Hannan danny_hannan at yahoo.com
Tue Nov 10 05:13:01 UTC 2009


G'day all
Though some of you might find this interesting.

Oil Reserves Inflated, IEA Whistleblower Says, Guardian Reports 
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By Ben Livesey
Nov. 10 (Bloomberg) -- World oil reserves are more depleted than official estimates state, the Guardian reported, citing a whistleblower at the International Energy Agency. 
The IEA has been underplaying a future oil shortage while overplaying the chances of finding new reserves under pressure from the U.S. amid a fear of triggering panic buying, the Guardian said, citing a senior official at the IEA. 
Peak oil critics have often wrongly questioned the accuracy of its figures, the IEA said last night, ahead of the publication of its World Energy Outlook report today, the newspaper reported. Last Updated: November 9, 2009 23:05 EST 

 danny_hannan at yahoo.com 


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