IEA Says OPEC+ Not Producing Enough Oil, After Preaching No New Oil

Get a load of this... Last May, the International Energy Agency (IEA) and its Executive Director Fatih Birol published a nonsensical “report” called “Net Zero by 2050: A Roadmap for the Global Energy Sector” (see Intl Energy Agency Says World Should Stop All New O&G Development). In the report, IEA makes the preposterous claim that if the world (i.e. the U.S.) doesn’t stop all new drilling for oil and gas right now, today, the earth will toast itself into oblivion by 2050. That same IEA and Birol are now telling OPEC+ they need to drill like crazy to produce more oil.

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