Sunday, September 6, 2009

"What the IEA Doesn't Want You to Know About Peak Oil," By Lionel Badal, Seeking Alpha, September 6, 2009

"It is not in the interest of some IEA member states, in particular its most powerful member, namely the USA, that the agency provides an honest assessment of the situation. Admitting Peak Oil is real also means that you acknowledge our current way of life is about to (radically) change. And not everyone wants the public to know that. Irresponsible, dishonest? Absolutely."


Blog Comment: Mr. Birol, Chief Economist at the International Energy Agency has misinformed the public by indicating that global oil production will peak in the in the long term future.

The global oil production plateau from 2004 to 2008 is clear evidence of the peak. As oil prices climbed during this period, oil production leveled off. For more detail, see:

And the situation is more dire than Mr. Birol indicates:

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