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The IEA announces the decline of major oil produc countries

General discussions of the systemic, societal and civilisational effects of depletion.

The IEA announces the decline of major oil produc countries

Unread postby Graeme » Tue 27 Nov 2012, 15:10:46

The IEA announces the decline of a number of major oil producing countries

The latest annual report from the International Energy Agency (IEA) turns out to be full of references, which discreetly but explicitly point to an an impending decline in the production of many major producing countries of the world, notably Russia, Iran, Mexico, Nigeria even China.

Only Iraq, Canada, the United States and Brazil offer a full guarantee for the development of production during the next decade, says the IEA. Mezza voce , the global source of reference in the field of energy issues dire warnings about all the other heavyweights such as Saudi Arabia and Venezuela, and even Angola, Algeria and Libya.(21 November 2012)


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