http://network.nature.com/groups/izabellenswan/forum/topics
“Shockwave,” “revolution,” “bonanza,” and “paradigm shift.”
These are just some of the provocative words in the Medium Term Oil Market Report-2013 that was just released by the International Energy Agency (IEA).
I don’t think I’ve ever read a more enthusiastic and fervent document from a government body in my life.
The IEA is an organization funded by 28 countries that was created after oil prices skyrocketed in 1973 and 1974. As policy, the agency doesn’t forecast oil prices.