ENVIRONMENT
Key Oil Figures were Distorted by U.S. Pressure
Exclusive: Watchdog's estimates of reserves inflated says top official
Source: The Guardian.co.uk
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.
The allegations raise serious questions about the accuracy of the organisation's latest World Energy Outlook on oil demand and supply to be published tomorrow – which is used by the British and many other governments to help guide their wider energy and climate change policies.
For the full article:
http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency
2009 © Guardian News and Media Limited. All Rights Reserved.
Key Oil Figures were Distorted by U.S. Pressure
Exclusive: Watchdog's estimates of reserves inflated says top official
Source: The Guardian.co.uk
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.
The allegations raise serious questions about the accuracy of the organisation's latest World Energy Outlook on oil demand and supply to be published tomorrow – which is used by the British and many other governments to help guide their wider energy and climate change policies.
For the full article:
http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency
2009 © Guardian News and Media Limited. All Rights Reserved.
No comments:
Post a Comment