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IEA's Tanaka Rebuffs Peak Oil Report

Tuesday, 10 Nov 2009 | 1:05 PM ET

The International Energy Agency has deliberately downplayed the risks of "peak oil" and has been pressured by the US to alter its demand forecasts, according to a Guardian newspaper report Tuesday. Nobuo Tanaka, executive director at IEA, told CNBC the accusations are "groundless."