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More on why peak oil already occurred
We have already seen that some believe that peak oil may have already occurred last year. Now some IEA officials stated unofficially that oil production forecasts are completely unrealistic. As The Guardian noted :
“The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the IEA who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.”
This happened the day before the International Energy Agency released its own World Energy Outlook with already gloomy perspectives. For more please check out the TreeHugger article.
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2 Comments
On November 13th, 2009
at 2:40 am
[...] Read the original: More on why peak oil already occurred :: Sustainable development … [...]
On April 7th, 2010
at 10:02 am
[...] I have already reported that peak oil could occur faster than previously thought and that even it may already have occured. This is one of the main reasons why we need green [...]