[Peakoil] FORTUNE: International Energy Agency Predicts Higher Oil Prices

[Antony Broughton Barry]

International Energy Agency Predicts Higher Oil Prices
FORTUNE

Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) predicts in its Oil Market Report released Friday. Overall supply has actually grown to record highs of over 100 million barrels a day thanks to a mix of factors such as the American shale boom and more production in Libya and Nigeria. Several other factors suggest that prices should fall: The EIA is revising its forecast Read the full story


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Antony Barry
antonybbarry at me.com
Mob +61 433 652 400
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