Monday the Guardian had an article, Key oil figures were distorted by US pressure, says whistleblower. "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."
Kevin Drum wrote Watching the Watchdog about it "It's pretty much impossible to know how seriously to take this. It's almost certainly true that analysts within the IEA disagree with each other about long-term projections, and it's also probably true that there are regional pressures of various kinds within the organization. That's pretty normal for international groups. But is the U.S. actively pushing the IEA to produce figures that it knows to be wrong? And are these two anonymous sources the first ones to ever go public with this?"
The IEA's 2009 World Energy Outlook came out yesterday. "For the first time since 1981, global energy use is set to fall this year, mainly due to the financial crisis."
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