SHOOT: It's quite serious when the world's energy agency, the IEA, which governments use to base their nation's growth on, are providing hugely erroneous forecasts which seem to made with the intention of stoking growth (fantasy growth through fantasy projections).
Swedish professor Kjell Aleklett is actually a physics professor at Uppsale Universit, not a geology professor. But he is also the president of the Association for the Study of Peak Oil, and he was chair of the Platts' conference. The gap between his work and that of the IEA is huge. IEA projections of liquids supply see total output of 101.5 million b/d by 2030. Aleklett's research sees it at a little more than 75 million b/d. Aleklett's conclusions also hinted at a politically-driven agenda at IEA. He said the agency often takes the approach of "you should rely on us because we are telling you the truth, and governments around the world trust the IEA." The IEA's forecast on the rate of depletion is "outside reality." IEA forecasts are "demand-driven," he said, assuming that if global economic growth averages 3%, "that is driving production." "They're giving oil supply estimates to support GDP esimtates," he said. |
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