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SEARCH More than 5,600 stories! A great gift for crisis deniers! Humoring the Horror of the Converging Emergencies 94 color pages $24.99 now $15! Or read FREE online! Twitter Ping this story in social media: del.icio.us Digg Newsvine NowPublic Reddit Facebook StumbleUpon

Posted Tue Nov 10 2009: from Telegraph.co.uk: World energy body 'exaggerated oil stocks under pressure from US' http://apocadocs.com/s.pl?1257861909 The International Energy Agency (IEA) has been underplaying the rate of decline at existing oil fields and overestimating the potential of new reserves to avoid panic buying, a senior official alleged. The agency last year claimed that oil production could be raised from its current rate of 83 million barrels a day to 105 million.... "Many inside the organisation believe that maintaining oil supplies at even 90 million to 95 million barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further," the newspaper quoted the whistle-blower as saying. [Read more stories about: oil issues, peak oil, economic myopia] This item will appear in our PANIQuiz! New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Michael says: Change we wanted to believe in. NEXT> More stories: Afloat in the Ocean, Expanding Islands of Trash 'Last chance' for tuna authority (World energy body 'exaggerated oil stocks under pressure from US') Copenhagen failure would be 'suicide': Maldives Quagga mussels a toxic threat to Lake Mead Want to explore more? Try the PaniCloud!

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