JUST GOOD BUSINESS BUZZ : Oil supplies overestimated?

The world is much closer to running out of oil than official estimates admit – that’s according to International Energy Agency insiders who question recent predictions in the World Economic Outlook that oil production can be raised.
A recent article in The Guardian quotes one insider who alleges the US has been influential in encouraging the energy watchdog to underplay the rate of decline from existing oil fields because of fears such information will cause panic in financial markets. Another says the reality is we have already entered the “peak oil” zone.

Source www.guardian.co.uk

Visited 3 times, 1 visit(s) today

New NZ CEO and COO at FNZ

Global wealth management platform, FNZ, has appointed Jeremy Graham as Chief Executive Officer of New Zealand, and Aroha Steele as the country’s Chief Operating Officer.  The company says in a

Read More »
Close Search Window