Oil figures distorted by US pressure: IEA whistleblower [SoftCommodities] - MarketTicker Forums


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User Info	Oil figures distorted by US pressure: IEA whistleblower in forum [SoftCommodities]
Ba Posts: 621 Incept: 2008-03-13	http://www.guardian.co.uk/environment/20.... Quote: "Many inside the organisation believe that maintaining oil supplies at even 90m to 95m barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further" Quote: A second senior IEA source, who has now left but was also unwilling to give his name, said a key rule at the organisation was that it was "imperative not to anger the Americans" but the fact was that there was not as much oil in the world as had been admitted. "We have [already] entered the 'peak oil' zone This is not really news to most of us, but figured it was worth posting. 2009-11-10 00:56:36 Permalink
Sandor Posts: 1944 Incept: 2007-08-08 Deltaville,Virginia	Anybody following TOD knew this already. ANY economic recovery will be met with exploding oil prices. Wash, rinse, repeat. 2009-11-10 09:52:28 Permalink