[Smokin' Joe]

The IEA is the organization which ignored Asian demand growth and projected a global glut in oil supply in 1999, crashing prices, bringing drilling activity to a standstill. While that, pardon the phrase, "really sucked" for those of us who had been working in the drilling and exploration industry, it set up the runup to $140+ oil later.

Maybe they are a little more careful in their analysis now, but I'd verify their info from other sources.

[mosesdapoet]

When ever I see a source with such a high sounding (front) title I get very suspicious.
That is the point of the double post. We still don’t know the process as to how oil gets created but its not liquidfied dinosaurs, and it seems to be a regenerative fuel source which takes a long time to get to that point called, oil.

Here we’re wasting time and money demonizing coal and oil of which we have ample supplys of, instad of creating methods and processes to make their use more effective and efficient.