World Event #57

In London, the International Energy Agency rejected reported allegations from a whistleblower that world oil reserves have exaggerated oil supplies. This was said to be done to avoid panic in the buying of oil in the market The Senior IEA said that the world is closer to the end of the oil supplies left than we been told. The IEA's 2009 World Energy Outlook came up with scenarios for future use of oil to preserve it. http://www.cnn.com/2009/BUSINESS/11/10/france.iea.oil.supplies/index.html