| 12.11.2008 - After the credit crunch, the oil crunch: watchdog warns over falling supplies |
| From Guardian: The International Energy Agency is to call today for an energy revolution and a "major de-carbonisation" of global fuel sources as the world confronts tighter oil supplies caused by shrinking investment. The energy watchdog is warning for the first time that oil output could pass its peak as power shifts from "super-majors" to national companies controlled by producer states. It highlights a potential oil-supply crunch..... Full Article: Source |