[Peakoil] Energy agency predicts oil shortage unless supply boosted

[Jenny Goldie]

Energy agency predicts oil shortage unless supply boosted
ABC News, 15 May 2014

Industrialised countries could be facing the prospect of an oil supply squeeze and higher prices later this year unless production is lifted, according to a report just released by the International Energy Agency.
In its latest Oil Market Report, the IEA says recent production gains will not be sufficient to meet market needs in the second half of the year when consumption picks up.

http://www.abc.net.au/news/2014-05-16/energy-agency-predicts-oil-shortage-unless-supply-boosted/5457302