Financial Times: IEA warns of Gulf spill effect on new oil supplies

BP’s oil spill in the Gulf of Mexico has placed the ability of the industry to find important new oil supplies on “a knife-edge,” the International Energy Agency, the rich country’s watchdog, warned on Wednesday.

“Macondo also places the ability of the industry to access important new reserves on a knife edge. Some 30 per cent of existing global oil, and nearly 50 per cent of new supplies by 2015, needs to be sourced from offshore, much of it from deep water,” the IEA said in its monthly oil market report.
More at the Financial Times

Full IEA Report (PDF)