TV News LIES

Friday, May 25th

Last update05:20:13 AM GMT

You are here News Energy Warning: Oil supplies are running out fast

Warning: Oil supplies are running out fast

E-mail Print PDF

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course, said Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris, which is charged with the task of assessing future energy supplies by OECD countries.

More...


Most Recent Related Stories...


California to require solar panels on all new homes

California to require solar panels on all new homesCalifornia became the first state to require all new homes to be built with solar panels...

Wholesale energy prices dip below zero because of California’s solar power

Solar power in CaliforniaSolar power shines bright in California, and wholesale energy prices prove it. Last winter and early...

Oil industry falls out of love with Trump

Oil and Gas fall out of love with TrumpThe oil and gas industry’s relationship with President Donald Trump is cooling off. The administration’s 25 percent...

Nuclear reactor at Indian Point plant in N.Y. shut down again after leak found

Indian Point reactor leakOne of two reactor units at a nuclear power plant near New York City has been...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!