Depletion of oil stocks leading the world to catastrophe

Catastrophic decrease in stocks of fuel endanger the economic recovery, says energy expert svetovnopriznat cited by the Journal Indipendant.

Fatih Birol, the leading economist in the International Energy Agency in Paris, which is to assess future energy reserves in the Organization for Economic Cooperation and Development said that the oil crisis could jeopardize the next five years recovery from global recession.

The world goes to catastrophic energy crisis that will osakati global economic recovery, as most major oil fields are now beyond the peak of its production. Higher oil prices caused by the rapid growth of demand and stagnating or even declining supply can remove outside rails recovery, says Dr. Birol.

In an interview for the Journal Indipendant „Dr. Birol said that the public and many governments apparently are not aware of the fact that oil, which built a modern civilization over much faster than was intended and that world production will reach high point in less than ten years – far more quickly than envisaged.

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