George Monbiot Meets IEA Chief Economist
Leading environmentalist George Monbiot interviews the International Energy Authority's chief economist in 2008. This is a fascinating interview, especially in light of the allegations today (2009) that world oil reserves have been exaggerated by the IEA to avoid panic buying in the oil market.
Comment
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Comment by David MacLeod on November 11, 2009 at 12:31pm
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Key oil figures were distorted by US pressure, says whistleblower, The Guardian
"The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.
The allegations raise serious questions about the accuracy of the organisation's latest World Energy Outlook on oil demand and supply to be published tomorrow – which is used by the British and many other governments to help guide their wider energy and climate change policies..."
CNN: Energy body rejects whistleblower allegations of oil cover up
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