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You are here News Energy Key oil figures were distorted by US pressure, says whistleblower

Key oil figures were distorted by US pressure, says whistleblower

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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.

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