‘We have already entered peak oil,’ IEA source reportedly claims

[tekisui]

Source: The Raw Story

Two International Energy Agency whistleblowers have come forward with startling claims about the world's supply of crude oil, according to a report published Tuesday.

"We have entered the 'peak oil' zone," an unnamed former IEA official told British newspaper The Guardian. "I think that the situation is really bad."

A second whistleblower reportedly claimed that the IEA's current figures are inflated due to pressure from the United States and a pervasive fear that the announcement of falling oil output in the future could cause markets to respond with panic.

The claims come on the same day the IEA plans to publish it's annual "World Energy Outlook" report for 2009.

"Many inside the organisation believe that maintaining oil supplies at even 90m to 95m barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further," one of the IEA sources reportedly told the paper. "And the Americans fear the end of oil supremacy because it would threaten their power over access to oil resources."

more: http://rawstory.com/2009/11/we-entered-peak-oil-iea-source-reportedly-claims/

[unhappycamper]

1. So the $400 gallon of gas is going to get expensive?

Or the 11 daily flights between Charleston and Afghanistan (7,500 miles) are going to cost more?