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International Energy Agency admits inflated oil statistics under pressure from US oil lobby groups

The International Energy Agency, one of the last few credible resources for reliable global energy statistics, revealed Monday that it has been inflating oil statistics under pressure from US oil lobby groups. Global oil reserves are disappearing at a much faster pace than recorded, and the threat of over-reliance on fossil-fuel energy sources is much more dangerous than represented by IEA officials.

The IEA and its annual ‘World Energy Outlook’ is a compass for many country’s energy policies, depending on numbers from IEA to make decisions on future energy sourcing and security. Many national governments use IEA statistics in lieu of their own experts.

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This entry was posted on November 15, 2009 by in climate change, corporate transparency and tagged , , , , .
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