The European Commission's (EC) directorate general for energy and transport, Marjeta Jager, warns that it would be a "fatal mistake" for the European Union (EU) to postpone measures that reduce oil dependency. At a recent Green Party conference in the European Parliament, Jager stated:
The International Energy Agency (IEA) is an independent, multi-government group formed out of the wake of the 1973 oil crisis. The Agency forecasts oil production and monitors international oil markets and energy sectors. Just five years ago, the IEA rather confidently predicted that oil production would rise to 120 million barrels per day by 2030. Well, there's been a change in outlook.