In a startling revelation, a senior official associated with the International Energy Agency (IEA) has claimed that the data relating to global oil reserves has been twisted under pressure from the US.
The official, on the condition of anonymity, has disclosed that IEA has been constantly underplaying a looming shortage of oil as the US feared that original estimates would actually trigger panic buying.
The allegations, in totality, suggest that the oil reserves across the world will decline at a much faster rate that what has been predicted by the IEA under the US influence.
Further, there are concerns in US that if the real figures are revealed it would trigger panic in the financial market and eventually end the America’ oil supremacy as it would cease its easy access to oil resources.
These claims substantiate what Colin Campbell, a former executive with Total of France said in a conference in 2004, "If the real (oil reserve) figures were to come out there would be panic on the stock markets … in the end that would suit no one." -- excerpt from ZeeNews.com
h/t: Jim Sinclair
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The Implications and Fallout of the IEA "Leaks"
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