TV News LIES

Thursday, Sep 29th

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...


A Plane Just Flew Around The World Without A Single Drop Of Fuel

Plane without fuel goes around the worldMore than a year after it first took to the skies, a solar-powered plane has completed...

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...

Knife Attack In Japan Leaves At Least 19 Dead, Local Media Report

Japan knife attackNineteen people were feared dead and 45 injured after an attack by a knife-wielding man at...

Portugal runs for four days straight on renewable energy alone

Portugal runs four days on renewable energyPortugal kept its lights on with renewable energy alone for four consecutive days last week in...
 
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!