The unusually stark warning by Fatih Birol, chief economist of the International Energy Agency, about the impact of Asia's emerging giants comes as the agency prepares to issue its influential annual report next week, which will focus on China and India.
In preparing the report, Birol said he had experienced "an earthquake" in his thinking...
Demand for oil in China, he added, would eventually equal the entire supply from Saudi Arabia.
And this post at Raise The Hammer: Yes, We're in Peak Oil Today
And the below image hosted at Raise The Hammer shows all you need to know:
