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Key oil figures were distorted by US pressure, says whistleblower
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.
Submitted by
tschuma417
11/10/2009
HyperLink play it email it
tschuma417
11/10/2009
tschuma417 is playing it
Long9.95%
Long12.21%
Long10.36%
Long11.71%
I am playing this headline with (OIL USL DBO USO) because "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. And the Americans fear the end of oil supremacy because it would threaten their power over access to oil resources," he added.
 
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