Thursday, January 17, 2013

Oil optimism relying on fudged statistics

Oil optimism relying on fudged statistics

The latest World Energy Outlook report from the International Energy Agency would lead you to think we are literally swimming in oil, a view echoed by other oil-industry forecasts. For that, they rely on an optimistic outlook for shale gas and oil sands, industries whose economics doom them from the start. - Nafeez Mosaddeq Ahmedhttp://www.atimes.com/atimes/Global_Economy/OA18Dj01.html

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