Middle East Economic Survey
VOL. LII
No 32
10-Aug-2009
SUPPLY/DEMAND
IEAs Birol Warns Of Energy Shortage Prompted By Peak Oil Production
In an interview with the UKs Independent newspaper, published on 3 August, Fatih Birol, Chief Economist at the Paris-based International Energy Agency (IEA), warned that a serious energy supply crisis could arise over the next decade as crude oil production reaches a peak. Dr Birol told the daily that supply shortages brought on by a rapid increase in demand and...
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