SUMMARY: "Real energy crisis near say experts"

- by Donna Korchinski, NetNews Inc.

September 25, 2000

The world is facing a new oil crisis, according to several independent industry analysts. Much of the world has refused to recognize the current surge in oil prices as a crisis. In the recent past, nations have solved oil price rises by getting on their knees "to beg OPEC to pump more". Nations have been under an illusion to this day that they can continue begging and OPEC can respond.

"I think we face the situation of what I call 'denial and obfuscation' by governments who are now being revealed to have not analyzed the situation properly, who have been misled" says one respected analyst.

Another notes: "This time the cupboard's bare all across the energy fund". "This time we will have a bona fide energy crisis versus and oil crisis."

Learn more about the conclusions that world-renown analysts have drawn - conclusions that governments and international agencies have refused to accept.

Story length: approximately 1000 words

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