ODAC Guest Commentary – IEA is getting rattled by events
The IEA is getting rattled by events. For some years, the IEA, EIA and OPEC all maintained the view that oil resources are so large that they must be sufficient to maintain supply. Other leaders in government and industry uncritically accepted that position, and stopped worrying. But the IEA has now broken ranks, to accept that there is a looming problem of supply, even from the large remaining resource. Current trends in energy supply and consumption, in their own words, are patently unsustainable, as ODAC has maintained for some years.


