TV News LIES

Wednesday, Dec 13th

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...


Exxon, oil giants team up to reduce methane emissions

Exxon, oilgiants team up to cut emissions ExxonMobil Corp. and seven other energy firms have teamed up to tackle natural gas sector greenhouse...

Whitefish Energy Apologizes to Puerto Rico, San Juan Mayor for Twitter Comments

Whitefish Energy 0 with 2 employees - gets $300m contractWhitefish Energy issued an apology to San Juan Mayor Carmen Yulin Cruz and “everyone in Puerto...

U.S. withdrawal from energy transparency group called strategic

US withdrawal from energy transparency 'strategic' Leaving a transparency initiative on fossil fuels was a mistake, advocates said, but Washington and...

Explosion hits oil rig on Lake Pontchartrain

Oil rigs explodes in Lousiana At least seven people were injured when a large explosion on an oil rig operating in Louisiana’s...
 
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!