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The International Energy Agency has Joined the Conspiracy Against the World
The International Energy Agency has Joined the Conspiracy Against the World The International Energy Agency has joined the conspiracy outlining a $3 trillion plan to restart the global economy while cutting greenhouse gas emissions, saying that governments have a “once-in-a-lifetime opportunity” to create jobs while decarbonizing infrastructure. Their highly questionable economist Fatih Birol has suddenly come out […]
Abrupt Ecosystem Collapse
Abrupt Ecosystem Collapse A new study in Nature (April 2020) casts a disturbing light on the prospects of abrupt ecosystem collapse. The report analyzes the probabilities of collapsing ecosystems en masse, and not simply the loss of individual species. (Source: Trisos, C.H. et al, The Projected Timing of Abrupt Ecological Disruption From Climate Change, Nature, April 8, 2020) […]
Many signs of peak oil and decline
Many signs of peak oil and decline Preface. Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages are as big a problem as geological depletion. At […]
The “Twin Threats” Facing Big Oil
The “Twin Threats” Facing Big Oil The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The industry is not adequately responding to either of those threats, according to a new report from the International Energy […]
IEA: An Oil Glut Is Inevitable In 2020
IEA: An Oil Glut Is Inevitable In 2020 Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency (IEA). OPEC+ announced additional cuts of 500,000 bpd, which sounds more impressive than it is because the group was already producing under […]
IEA Sees $90 Crude Ahead Of Oil’s Downfall
IEA Sees $90 Crude Ahead Of Oil’s Downfall Global oil demand will plateau around 2030, according to a major new report, but the decline in demand is way too slow to head off the worsening effects of climate change. Oil demand begins to flatten out in the 2030s “under pressure from rising fuel efficiency and […]
The EIA Is Grossly Overestimating U.S. Shale
The EIA Is Grossly Overestimating U.S. Shale The prevailing wisdom that sees explosive and long-term potential for U.S. shale may rest on some faulty and overly-optimistic assumptions, according to a new report. Forecasts from the U.S. Energy Information Administration (EIA), along with those from its Paris-based counterpart, the International Energy Agency (IEA), are often cited […]
The Country Using The Most Electricity May Surprise You
The Country Using The Most Electricity May Surprise You In 2017, global electricity consumption increased 2.5 percent to reach 25,721 Twh. When it comes to consumption, China uses the most of any country at 25.9 percent, followed by the United States with 17.5 percent; but, as Statista’s Niall McCarthy notes, on a per capita basis, the situation is different. According […]
Many signs of peak oil and decline
Many signs of peak oil and decline Preface. Recently the IEA 2018 World Energy Outlook predicted an oil crunch could happen as soon as 2023. Oil supermajors are expected to have 10 years of reserve life or more, Shell is down to just 8 years. Political shortages are as big a problem as geological depletion. At […]
‘A Breath of Fresh Air’: Offshore Wind Power Could Produce More Electricity Than World Uses
‘A Breath of Fresh Air’: Offshore Wind Power Could Produce More Electricity Than World Uses “Let’s get going!” A new report from the International Energy Agency released Friday claims that wind power could be a $1 trillion business by 2040 and that the power provided by the green technology has the potential to outstrip global […]
‘High’ Oil Prices Are Already Dampening Demand
‘High’ Oil Prices Are Already Dampening Demand Crude oil prices are affecting demand for the commodity negatively, the International Energy Agency’s head Fatih Birol told S&P Global Platts in an interview. “The higher oil price environment may, if they stay around this level, also have an impact…put some downward pressure under demand growth,” Birol said. The […]
IEA 2018 World Energy Outlook: Peak oil is here, oil crunch by 2023
IEA 2018 World Energy Outlook: Peak oil is here, oil crunch by 2023 Preface. I’ve been working on a post about the latest IEA 2018 World Energy Outlook report, but the excerpts from the cleantechnica article below states most clearly why there is likely to be a supply crunch as soon as the early 2020s […]
IEA Chief: U.S. Oil Output To Near Saudi+Russian Production By 2025
IEA Chief: U.S. Oil Output To Near Saudi+Russian Production By 2025 Total U.S. oil production around 2025 will almost equal the combined production of Russia and Saudi Arabia, Fatih Birol, the Executive Director of the International Energy Agency (IEA), told Turkish state-run Anadolu Agency on Friday. The huge growth in U.S. shale production will completely […]
Shale Under Pressure As Oil Falls Below $50
Shale Under Pressure As Oil Falls Below $50 The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about the heady production figures expected from […]
Keeping Some of the Lights On: Redefining Energy Security
Keeping Some of the Lights On: Redefining Energy Security Image: Camilla MP. What is Energy Security? What does it mean for a society to have “energy security”? Although there are more than forty different definitions of the concept, they all share the fundamental idea that energy supply should always meet energy demand. This also implies […]
