What will we do when it’s all gone?

An unnamed senior official at the International Energy Agency (IEA) has told The Guardian that the agency has deliberately been underplaying a looming shortage of oil for fear of triggering panic buying.

The source claims that the United States has influenced the internationally respected watchdog to underplay the decline rate from existing oil fields while exaggerating the prospects of discovering new reserves.

See full story – http://en.cop15.dk/news/view+news?newsid=2565


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