Washington Fudges Oil Data
Key oil figures were distorted by US pressure, says whistleblower
The Guardian UK
“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.
The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.”
No shit. Shell has already admitted its statements about reserves were “illusory.”
I reckon we’re going to see $150 to $200 PB prices soon, perhaps as early as next year. Think the economy is bad now? Just wait.
Want to make some money? Open a bike repair shop or a livery. Start a organic farm. People will need food and transportation. Maybe not next year, but by 2020, things are gonna look a lot different.