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Yesterday the Guardian ran a story formed on dual unknown sources inside the International Energy Agency who claimed which the group had twisted key total on oil reserves. “The universe is most closer to using out of oil than central estimates admit, according to a whistleblower at the [IEA] who claims it has been on purpose underplaying a appearing necessity for fright of triggering be scared buying. The comparison central claims the US has played an successful purpose in enlivening the watchdog to underplay the rate of decrease from existent oil fields whilst overplaying the chances of anticipating latest reserves.” Today the IEA expelled the annual appetite opinion and deserted the whistleblowers’ charges. The Guardian has an paper claiming which the mercantile investiture is as well aroused to come purify on the being of oil suppplies, and creates an result with the (marginalized, demonized) economists who warned of a entrance mercantile fall in 2007. Read some-more of this story at Slashdot.

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Whistleblower Claims IEA Is Downplaying Peak Oil