[Peakoil] Recent IEA report ...

[Ken Rosie]

A recently published International Energy Agency report reverses its previously optimistic predictions and has begun to align far more closely with peak oil concerns:
 
Despite four years of high oil prices, this report sees increasing market tightness beyond 2010, with OPEC spare capacity declining to minimal levels by 2012 ... It is possible that the supply crunch could be deferred [by decreased demand growth] - but not by much.
 
The PDF file of the full report is available at http://tinyurl.com/266vxp

Regards,
Ken
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