Upcoming oil shortage: part three

Americans have been led to believe that the supply of oil is nearly limitless and for the next half century we will have more than enough crude to meet the growing needs of the global economy. The Republican party

The IEA has, in recent years, said that oil production will rise from its current level of 83 million barrels per day to 105 million barrels per day by 2030, a growth of 27 percent. The whistleblowers said that many within the IEA know that this is impossible and maintaining oil supplies at even 90 to 95 million barrels per day is not achievable. They noted that back in 2005 the IEA was openly saying that 120 million barrels per day by 2030 was realistic but has since then tempered those proclamations to 105 million, an indicator of considerable disagreement within the organization. The whistleblowers said that some key IEA personnel believe that the oil peak is upon us, signaling certain disaster for sustainable economic growth.

That news caught the attention of the rest of the world but went almost unmentioned by the mainstream media in North America. That may be because it wasn