Editor: In 2006 the IEA stated that peak oil in 5 to 7 years. Nov. 2008 the same IEA says “there is enough of it to supply the world for more than 40 years at current rates of consumption”.
This is the same agency that pushed for bio-fuels and now says oops – bad idea. Burning food a bad idea? Depopulation.
Another bright idea close the fossil fuel plants and try and run energy systems with wind. Duh!
When are we going to start looking after the interests of our own countries and forget about the UN.
The UN hates democracy – they love power. What do they want? New World Order, an end to democracy and the ruination of the industrialized world. The present financial crisis was planned just like the one in 1929. Look at the bail-out for what it is-robbery.
Peak oil was a scam and so is global warming as is wind energy. They create the crisis and then offer the solution. One scam after the other – slowly moving to a New World Order. They are making their final push right now. Are you ready to give up what’s left of your democracy?
‘Energy Update’, November 2006 from the IEA
“The world is on a course that will lead it ‘from crisis to crisis’ unless governments act immediately to save energy and invest in nuclear and biofuels, the International Energy Agency warned on Tuesday. In an apocalyptic forecast, Claude Mandil, the agency’s executive director, said that our current path ‘may mean skyrocketing prices or more frequent blackouts; can mean more supply disruptions, more meteorological catastrophes – or all these at the same time’. The IEA said that the oilfields on which Europe and the US had come to depend to reduce their reliance on the Organisation of the Petroleum Exporting Countries would peak in the next five to seven years. These include those in Russia, the US, Mexico and Norway.
Energy body warns on oil prices
By Sarah Mukherjee
The IEA says increased exploration costs will force oil prices higher
One of the world’s leading authorities on energy supply says the era of cheap oil is over and prices could soon be back up to $100 a barrel.
The International Energy Agency (IEA), in its World Energy Outlook for 2008, says prices could soar as high as $200 a barrel by 2030.
The immediate risk to supply, it says, is not one of a lack of global resources.
Instead, it points to a lack of investment where it is needed.
The world, the report’s authors conclude, is not running out of oil just yet – indeed, there is enough of it to supply the world for more than 40 years at current rates of consumption.