"The IEA very surprisingly and I must say rather strangely, has forecasted that the bulk of future oil supply will come from fields not yet discovered or developed" (65% of that future oil)
Gregor Macdonald on IEA's Oil Projection (65% of Future Supply Coming From Fields Not Yet Discovered)
11/22/2010 03:33:00 PM | via @Dvolatility |
Gregor Macdonald of Gregor.us and Macrotwits Hour was on Max Keiser's show on 11/20/2010 talking about the IEA's recent world oil production projection (w/ chart) out to 2035. I embedded Part 1 after the jump, see parts 2 and 3 at MaxKeiser.com. IEA = International Energy Agency.