According to the Daily Green, the International Energy Agency is wondering if oil supply can still answer to the demand and is investigating the situation for the first time of its history.

In other words, the IEA believes that peak oil may have been reached already. Indeed, with oil prices increasing by thirty percent in just a few months, one can seriously wonder.

This is a critical question for our economies as this energy source accounts for nearly a third of the global energy mix. Continue reading »