International Energy Agency's Fatih Birol offers the world an Oil Health Check

Submitted by admin on Sat, 22/11/2008 - 15:44

Interview with IEA's Chief Economist, Fatih Birol

The International Energy Agency (IEA) gives alarm: The world could run out of oil faster than expected - the danger of a supply shortage is rising.

Hunger for energy vs. energy shortage: While the demand for oil is on the rise, the production is decreasing - shortages, escalating prices and inflation are looming. When talking to energy politician Astrid Schneider, Faith Birol, chief economist of the IEA demands a change in policy from the member countries. His motto: leave oil before it leaves us. Read more.

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