The International Energy Agency said on Monday there could be an oil supply crunch from 2010 once global demand recovers and the impact of delayed investment crimps future supplies.
The agency, which advises 28 industrialized countries, is concerned that some oil producers are deferring projects to expand supply. It expects oil demand growth to resume next year after its first drop in a generation.
Oh yeah. Cause by 2010, we'll have shooed away this pesky "worldwide financial crisis and ground-up failure of market-driven capitalism" thing for sure.
Am I the only one thinking that the IEA ought to be looking a little further past the end of it's own nose, especially on this particular topic?
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