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Commodities Briefing - Categorized | Energy

Distorted oil reserve figures create biofuel opportunities in Asia

Posted on 24 November 2009

From Resourceinvestor.com: The recent revelations of a International Energy Administration whistleblower that the IEA may have distorted key oil projections under intense U.S. pressure is, if true (and whistleblowers rarely come forward to advance their careers), a slow-burning thermonuclear explosion on future global oil production.
The Bush administration’s actions in pressuring the IEA to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves have the potential to throw governments’ long-term planning into chaos…………………………Full Article: Source

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