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November 10, 2009

Whistleblower: Peak Oil Closer than IEA Forecasts Show
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An anonymous whistleblower at the International Energy Agency has told
The Guardian newspaper that the world is much closer to running out of
oil than official estimates admit. The whistleblower, described as a
senior official at the agency, accused the United States of playing 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 whistleblower told The Guardian, "Many inside
the organization believe that maintaining oil supplies at even 90
million to 95 million 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.”



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