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Published on ASPO International | The Association for the Study of Peak Oil and Gas (http://www.peakoil.net)

IEA:s new motto: "We should leave oil before it leaves us"

By Mikael Höök
Created 2008-05-05 20:02

Fatih Birol, the chief economist of International Energy Agency, was interview in the german magazine Internationale Politik recently. He made several interesting. The most intriguing is perhaps his new motto: "Leave oil before it leaves us"

Some other statements were these
"We see a sharp decline in production from the existing oil fields, especially in the North Sea, the USA and many non-OPEC countries."

"Exactly 12.5 million barrel a day are still missing, about 15 % of the global oil demand. This gap means that we could face a supply shortage and very high prices during the next years."

"I think we should leave oil before it leaves us. That should be our motto."

Read the original interview: Internationale Politik [1] (In german)
Or a english translation: Newsvine [2]


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