Today, New Oil Finds Everywhere. What Happened To The "Peak Oil" Doomsayers?

NYTIMES/
"More than 200 discoveries have been reported so far this year in dozens of countries, including northern Iraq’s Kurdish region, Australia, Israel, Iran, Brazil, Norway, Ghana and Russia. They have been made by international giants, like Exxon Mobil, but also by industry minnows, like Tullow Oil.
It is normal for companies to discover billions of barrels of new oil every year, but this year’s pace is unusually brisk. New oil discoveries have totaled about 10 billion barrels in the first half of the year, according to IHS Cambridge Energy Research Associates. If discoveries continue at that pace through year-end, they are likely to reach the highest level since 2000."

IEA Continues Its Shill For OPEC And Oil Speculators.

HUFFINGTON POST.COM.

The IEA is a group of 28 nations committed to meet oil supply emergencies, insure energy security and maintain emergency oil stocks.

But its chief economist Fatih Birol continues to issue "chicken-little" statements about "peak oil," echoing Matt "$500/bbl oil" Simmons, despite a world currently awash in crude.