Tuesday 10 November 2009 14.30 GMT
http://www.guardian.co.uk/commentisfree/cif-green/2009/nov/10/peak-oil-fear-economic-establishment
Who are the International Energy Agency?
Set up after the 1970’s oil shocks to give world governments accurate estimates of the quantity of global oil so that they could plan their economic and transport policies.
Suddenly announce they have been offering governments advice based on ‘assumptions’ and after an urgent oil audit of about 800 global oil feilds they warn that the total world production of world oil will decline 6.7% annually from about 2020.
But experts from business like Richard Branson, oil geologists and now the US military point to a date closer to 2014.
6.7% x 10 years is 67% LESS OIL IN 2020. Do you really fancy being a government leader and talking about economic growth?
Amazing revelations are here on video.
http://www.guardian.co.uk/environment/video/2008/dec/15/fatih-birol-george-monbiot