TV News LIES

Thursday, Apr 28th

Last update05:20:13 AM 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...


Solar plane reaches California after flight across Pacific

Solar plane crosses pacificA solar-powered airplane reached the San Francisco Bay area and performed a fly-by over the Golden...

New Documents Show Oil Industry Even More Evil Than We Thought

big oilIn 1968, a pair of scientists from Stanford Research Institute wrote a report for the American...

Why North Dakota (aka Boomtown, USA) is running on empty

N Dakota running on emptyIn the mid 2000s hydraulic fracturing - or fracking - coupled with soaring oil prices, made...

Notorious Coal Baron Don Blankenship Sentenced to a Year in Prison

Don BlankenshipA federal judge in West Virginia sentenced former Massey Energy CEO Don Blankenship to a year...
 
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!