Fatih Birol

The IEA and Peak Oil

sastyk | August 17, 2010

The IEA is the bestest agency in the world at admitting peak oil without actually admitting peak oil. They've now achieved a record - three years in a row of precisely matching the language and predictions of the peak oil community without actually saying the words. Matthew Wild points out the incredible overlap: According to the IEA's latest Oil Market Report, published August 11, global demand will reach 86.6 million barrels per day in 2010, and then 87.9 million barrels per day in 2011, assuming a continuing global economic recovery. This means demand is set to pass the all-time high of…

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