The IEA report and peak oil

The International Energy Agency’s (IEA) influential Medium Term Oil Market Report comes close to saying that we are near peak oil, defined as “the world is running out of cheap oil.” Excerpts from Salon, the Telegraph, the online IEA report, an earlier interview with the IEA’s Fatih Birol, and other articles in the media.

Peak oil rumblings – July 9

BBC: Oil supplies ‘face more pressure’

IEA sees oil supply crunch looming
IEA predicts shortages within 5 years

IEA’s Medium-term oil markets report (online)
Simmons:’Real risk’ gas pumps run dry this summer
Shell CEO says conservation isn’t enough