Key oil figures were distorted by US pressure, says whistleblower
Comment – Greenhouse Neutral Foundation: When you read this report, study the graph issued by the IEA only the dark blue section on “Current production” has any meaning. The rest has been boosted and is unreliable.
Then look around your room, inside your car and anywhere else and note everything that is made from plastic, all of which come from oil. Look at the road you drive on, that black surface is made from oil. Then ask yourself, since the military takes 15% how much will you get as production declines?
Food depends on fertiliser, and much of this comes from oil. International trade of food and other commodities depends on oil, as do trucks and trains and planes. We must conclude our dependence on oil is a finite and faulted position.
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.
Read More from the Guardian UK ……
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