TV News LIES

Wednesday, Oct 22nd

Last update11:02:40 PM GMT

You are here News Energy Warning: Oil supplies are running out fast

Warning: Oil supplies are running out fast

E-mail Print PDF

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries.

More...


Most Recent Related Stories...


South Korea shuts down nuclear reactor after crack discovered

S Korea nuclear reacgtor shutSouth Korea shut down one of its nuclear reactors Friday after a crack was detected in...

U.S. opens Gulf acreage to energy companies

new energy leases in GulfMore than 20 million acres off the coast of Texas were opened up for bidding for...

Canada's First Nations people seek to 'evict' energy companies

First Nation landA freight railroad operated by the Canadian National Railway stretches approximately 3,000 miles from Halifax in...

Why birds are igniting in midair over Calif.

Birds igniting mid airA cutting-edge solar technology in California's Mojave Desert may have a bit too much cut. Wildlife...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!