I'm no law expert but I reckon that there's a case to be made that someone should sue the IEA, EIA and World Governments for criminal negligence. The fate of billions of people are in the hands of a few who have the decision making power to influence politicians and investors, the truth has been distorted for long enough IMO. OPEC countries should be made to fess up and allow independent audits of their reserves.

Why should they? They are sovereign nations with their own resources. If they choose to sell those resources to willing buyers then good luck to them. If they choose to husband them for their own growth then that also is their choice. To demand they usher in external auditors is quite frankly ridiculous. If we want energy security then we should go about getting it without relying on other countries to provide it for us.

Quite apart from the question as to who has the legal or moral authority to 'make' OPEC do anything they don't wish to! Our fate is in our own hands not in the hands of others. To believe or behave otherwise is to go back to kindergarten.

TW

If we want energy security then we should go about getting it without relying on other countries to provide it for us.

Amen. Amen. Amen. I frequently hear/see the opinion expressed (on TOD, too) that the oil exporting countries owe it to the oil-consuming world to be honest and realistic in reporting their reserves. I say baloney. If we are fools enough to build our entire economy atop a resource over which we have little control, then we have no one to blame but ourselves when the well turns up dry.

I'm no law expert but I reckon that there's a case to be made that someone should sue the IEA, EIA and World Governments for criminal negligence.

HAHAHAHA!!! That's a good one. Sure. go for it.

The aggrieved: "Hi there IEA,EIA, and UN! you guys didn't tell us about how nasty this was going to be, so now we're going to sue you. Sure - it was a collection of industrial corporations and state enterprises that fucked it all up, but, hey - the CCCP doesn't exist any more, and GM, Dow, VW, Toyota, Ford, Fiat, US Steel, and all those other guys - well - they can afford better lawyers, so we'll sue YOU, the governments, because you didn't rat them out, even though there's a flea's pube difference between you and the corporations. so, we're suing."

The defendants: "OK. Fine. So we fucked up the planet. What do you want? Money? A new Planet? Some select bunch of us strung up from a gibbet? Sorry, but the money's worthless and the planet's toast and stringing people up isn't going to "make it all better". So, OK, sue us. Win your case. Now - what did that just prove? What could such a multimillion/billion dollar case possibley do to justify such an expense of time and resources?"

The Aggrieved: "Well... YOU SHOULD BE PUNISHED!!!! Justice must be served!!!"

The defendants: "What difference does it make? Why bother? If it's a fucked up as it seems to be, punishing people isn't going to change it. That's not justice, that's just revenge, and after all is said and done, the planet is still melting and you've just decapitated your societies of one group of people who are in a position to do something. Good move ace. Let me know how that works out for ya. Oh, that's right - I won't find out, 'cuz I'll be dead. Great. Have a nice apocalypse, ya boneheads."

The Aggrieved: "buh buh buh YOU SHOULD BE PUNISHED!!!"

The defendants: "Oh STFU, and get over it. Meanwhile, we need to talk amongst ourselves to figure out how to fix or at least reduce the consequences of this catastrophic blunder. So, don't bother me punk - can't ya see I'm tryin' to get some thinkin' done here?"

The defendants will say, BS, there is plenty of oil still down there, the problem is :technological development and too many wimps squawking instead of pitching in to help drilling, and not to worry.

The public will be bamboozled even after the Last Power Blackout.