IEA Manipulating Global Oil Reserve Figures

It was only a matter of time before someone with a conscience and a sense of karma would come out and tell the truth. The big question is 'what are our so-called leaders going to do about it'? Just pretend its not happening, or start a crash course in relocalization and alternative energy production? As much as I want to stay positive, history shows us that the USA typically lashes out violently when the "American Way of Life" is threatened. The best I can do is let you know what's ahead so that you can make adequate preparations for yourself and your loved ones.

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.

Now the "peak oil" theory is gaining support at the heart of the global energy establishment. "The IEA in 2005 was predicting oil supplies could rise as high as 120m barrels a day by 2030 although it was forced to reduce this gradually to 116m and then 105m last year," said the IEA source, who was unwilling to be identified for fear of reprisals inside the industry. "The 120m figure always was nonsense but even today's number is much higher than can be justified and the IEA knows this.

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. I think that the situation is really bad," he added.

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