[Texgreen] IEA: without Iraqi oil, we'll be in deep trouble by 2015

[Roger Baker]

"We" meaning the world. Those in the know are probably even more  
pessimistic than him because it assumes that Saudi Arabia is being  
honest about its reserves, but this guy IS after all the world's  
highest ranking energy economist.

But Iraq can't ship oil through pipelines much less drill for oil  
until they have stability. As John L. Lewis once said, in a rather  
similar context, its hard to mine coal with a bayonet.  And hard to  
produce oil in the Nigerian Delta in the midst of armed conflict,  
etc.  -- Roger

                          
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<http://europe.theoildrum.com/node/2721#more>

In a stunning interview for the French (reference) daily Le Monde,  
Fatih Birol, the chief economist of the International Energy Agency  
(i.e. the intergovernmental body created after the oil shocks of the  
70s to coordinate the West's reaction to energy crises) effectively  
says that peak oil is just around the corner, and that without Iraqi  
oil, we'll be in deep trouble by 2015...