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A bombshell report from closely followed International Energy Agency
A bombshell report from closely followed International Energy Agency (Photo: Courtesy of IEA) Climate researchers and policy experts around the world are singing praise of a study just released by the stodgy International Energy Administration in Paris. “Quite amazing,” said one. “Heartening,” said another. A third one called it, “one of the most important climate […]
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance to achieve net-zero emissions by 2050. This would see a huge shift from current practices as, at present, oil sands […]
Oil Markets Baffled As The IEA Calls For More Production
Oil Markets Baffled As The IEA Calls For More Production In its latest Monthly Oil Report, the IEA called on OPEC+ to increase production in order to counter higher demand in 2022. The agency claimed that, based on current global economic growth expectations, demand for crude oil and petroleum products will be reaching pre-COVID levels […]
Saudi Arabia And Russia Warn Of Major Oil Supply Crunch
Saudi Arabia And Russia Warn Of Major Oil Supply Crunch The debate about emissions reduction and the path forward for oil companies moved to a whole new level since the International Energy Agency (IEA) dropped last month the bombshell report suggesting no new investment in oil and gas would be needed if the world is to reach […]
Not Just Energy, but Everything.
Not Just Energy, but Everything. The criticality of the global energy situation is emphasised by the release, on schedule (18-5-21), of the eagerly awaited “Net Zero by 2050” roadmap (NZE) from the International Energy Agency (IEA). Not only does this document delineate the gargantuan quantities of energy currently used by humans on Earth, mainly from the fossil […]
No new oil, gas or coal development if world is to reach net zero by 2050, says world energy body
No new oil, gas or coal development if world is to reach net zero by 2050, says world energy body Governments must close gap between net zero rhetoric and reality, says International Energy Agency head The UK is licensing new oil and gas fields in the North Sea. Photograph: Jonathan Nackstrand/AFP/Getty Images Exploitation and development of […]
Today’s Contemplation: Collapse Cometh XV
Today’s Contemplation: Collapse Cometh XV Rome, Italy (1984) Photo by author Energy. It’s at the core of everything we do. Everything. Yet we take it for granted and rarely think about it and what the finiteness of our various energy sources means for us. As Gail Tverberg of Our Finite World concludes in a recent thought-provoking article that should […]
The IEA’s Latest Proposal Is Both Reckless And Impossible
The IEA’s Latest Proposal Is Both Reckless And Impossible The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report “Net Zero in 2050”, the energy agency calls […]
Clean energy minerals shortage: Who knew it could happen?
Clean energy minerals shortage: Who knew it could happen? The race for so-called green energy has spawned another race, one for the minerals needed to make the devices such as solar panels and batteries that produce, store and transmit that energy. A hitherto largely unchallenged economic idea—that we will always have supplies of everything we […]
Climate Wars: IEA Warns Governments To Stockpile Battery Metals
Climate Wars: IEA Warns Governments To Stockpile Battery Metals China’s dominance in green energy technologies are rare earth metal production is very concerning to the International Energy Agency (IEA), who posted a stark warning Wednesday advising western governments to stockpile critical battery metals such as cobalt and lithium. IEA’s warning comes as the next chapter in US-China […]
Solar now ‘cheapest electricity in history’: How much will it matter?
Solar now ‘cheapest electricity in history’: How much will it matter? The International Energy Agency (IEA), the Paris-based consortium of 30 countries, has told us in its flagship World Energy Outlook 2020 that solar-produced electricity is now the “cheapest electricity in history.” That seems like very good news, that is, until the actual expected impact of that […]
IHS Markit: Oil Demand Won’t Fully Recover Until 2022
IHS Markit: Oil Demand Won’t Fully Recover Until 2022 Global oil demand will likely take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, energy expert and IHS Markit vice chairman Daniel Yergin told Al Arabiya English in a video interview on Monday. Yergin’s expectations for oil demand are roughly […]
Forget Peak Oil Demand, Supply Crisis Could be Hitting First
Forget Peak Oil Demand, Supply Crisis Could be Hitting First In today’s IEA’s annual World Energy Outlook 2020 report, the OECD energy watchdog states that it doesn’t see a peak oil demand before 2040, only a possible oil demand flattening. The energy agency repeats that oil demand is effected by COVID, but all scenarios show that oil […]
CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production
CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production U.S. crude oil production experienced a surprising drop last week, even though domestic demand for oil and petroleum products increased. This came as a surprise to some energy analysts. Furthermore, the IEA, International Energy Agency came out with a forecast for global oil demand […]
Natural Gas Price Plunge Could Soon Lead To Shut-Ins
Natural Gas Price Plunge Could Soon Lead To Shut-Ins Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had already fallen below $2/MMBtu at the start of 2020, weighed down by oversupply. But it wasn’t a […]
