The U.S. and UK are right up there with the countries we're hear about in the news as being disasters about to happen...
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The truth however, is beginning to surface, and from an investor's perspective, the truth can mean money in the bank. Right now, the IEA's claim that oil production will be ramped up from its current level of 85 million barrels per day to 105 million barrel per day by 2030 is receiving harsh criticism.
The Guardian reports, "The world is much closer to running out of oil than official estimates admit." This comes from a whistleblower inside the International Energy Agency who states the fear of triggering panic buying has caused them to intentionally underplay the inevitable shortage.
Kjell Aleklett, professor of physics at the Uppsala University in Sweden, and co-author of a new report, The Peak of the Oil Age, states "oil production is more likely to be 75m barrels a day by 2030 than the 'unrealistic' 105m used by the IEA."
According to Professor Aleklett's research, they are making a dangerous and unjustified assumption. One that is dependent upon the oil industry's ability to ramp up production to levels never before achieved.
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