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... since I was about to post this amazing news on ET !
This interview is all the more puzzling since it is miles away from IEA speech only 2 years ago !
I wouldn't be surprised if this kind of change of mind conceals some sort of vested interests for Mr. Birol. Perhaps he tries to protect himself from public prosecution when things will turn out badly, after years of complacency speeches ?

------------- If liberty means anything at all, it means the right to tell people what they do not want to hear (Orwell)
by Baikal (baikal@no-log.org) on Thu Jun 28th, 2007 at 06:53:19 AM EST
This is consistent with the "no official reason to doubt" line.

He's giving his personal opinion, but official pronouncements by the IEA have to be based on the best available data, which includes the highly overstated OPEC reserves.

For the IEA to develop their own estimate of actual OPEC reserves based on their own models would put their reports on chaky ground and start a political storm, so they don't do that.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Thu Jun 28th, 2007 at 06:59:29 AM EST
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