ApocaDocs: IEA warns non-Opec oil could peak in two years

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Posted Mon Jul 21 2008: from Times Online (UK):


	IEA warns non-Opec oil could peak in two years http://apocadocs.com/s.pl?1216649677 Dr Birol, who is leading an investigation into the condition of the world's largest oilfields, said that the world was entering a "new oil order". "Demand growth is no longer coming from the US and Europe but from China, India and the Middle East," he said. "Because their disposable incomes are growing so fast and because of subsidies, high oil prices will not have a major impact on demand growth." This meant that prices would remain extremely high for the foreseeable future and that the fundamental dynamics of the global oil market increasingly were outside of the control of Western countries.

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The ApocaDocs say:

PostApocaiku
Hegamonic rule
roadkilled by oil dynamics:
all could be flattened.