{"id":479,"date":"2008-05-23T04:58:36","date_gmt":"2008-05-23T12:58:36","guid":{"rendered":"http:\/\/www.fogcityjournal.com\/wordpress\/2008\/05\/23\/analysts-foresee-new-world-energy-order\/"},"modified":"2017-05-28T12:37:00","modified_gmt":"2017-05-28T20:37:00","slug":"analysts-foresee-new-world-energy-order","status":"publish","type":"post","link":"https:\/\/www.fogcityjournal.com\/wordpress\/479\/analysts-foresee-new-world-energy-order\/","title":{"rendered":"Analysts Foresee ‘New World Energy Order’"},"content":{"rendered":"

By Angela Charlton, Associated Press<\/strong><\/p>\n

May 23, 2008<\/p>\n

PARIS, France – A leading global energy monitor fears there may not be enough oil out there to slake the world’s thirst — and is preparing a landmark forecast that could reverberate through the global economy even as major companies announce fuel-related cutbacks.<\/p>\n

The International Energy Agency (IEA) study was prompted by concern about volatile world oil markets and uncertainty about supplies.<\/p>\n

The International Energy Agency is studying depletion rates at about 400 oil fields in a first-of-its-kind study of world oil supply, chief economist Fatih Birol said.<\/p>\n

“We are entering a new world energy order, ” Birol told The Associated Press.<\/p>\n

Market analysts call the Paris-based IEA the world’s most reliable independent source of oil information and welcomed its decision to undertake a deep study of oil supplies.<\/p>\n

But the IEA’s new forecasts are likely to further upset markets. Oil prices hit an all-time high Thursday above $135 a barrel before falling back.<\/p>\n

Link to story.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Angela Charlton, Associated Press May 23, 2008 PARIS, France – A leading global energy monitor fears there may not be enough oil out there to slake the world’s thirst — and is preparing a…<\/p>\n","protected":false},"author":6413,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222],"tags":[796],"class_list":["post-479","post","type-post","status-publish","format-standard","hentry","category-news","tag-peak"],"yoast_head":"\nAnalysts Foresee 'New World Energy Order' - Fog City Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fogcityjournal.com\/wordpress\/479\/analysts-foresee-new-world-energy-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts Foresee 'New World Energy Order' - 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