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Tag Archives: international energy agency
Is The Sky The Limit For U.S. Shale?
Is The Sky The Limit For U.S. Shale? The IEA’s forecast that U.S. shale will dominate the oil market over the next three years because of skyrocketing shale production made global headlines on Monday, but the conclusions should not be taken as gospel. The industry could run into a series of headwinds that could slow […]
Shale Pioneer Issues Warning To US Drillers
Shale Pioneer Issues Warning To US Drillers U.S. shale has effectively upended the oil industry, with predictions that total U.S. oil production will surpass Saudi Arabia’s output this year, in turn rivalling Russia’s to become the preeminent global producer. From its position of being dependent on, and subordinate to OPEC, the U.S. has seemingly become […]
Will Australia have a strategic oil reserve before it is too late? (part 2)
Will Australia have a strategic oil reserve before it is too late? (part 2) In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains the relevant reports: IEA International Energy Program Treaty https://www.energy.gov.au/iea-international-energy-program-treaty […]
Inconvenient energy fact of the day
Inconvenient energy fact of the day In 2016, solar and wind provided just 0.8% of the total world’s energy (Total Primary Energy Demand (TPED)), even after trillions of dollars in taxpayer-extracted subsidies, and will reach only a 3.6% share of energy in 2040, according to the International Energy Agency World Energy Outlook 2017 forecast (see […]
Is History Repeating Itself In Oil Markets?
Is History Repeating Itself In Oil Markets? Back in 2014, U.S. shale production was growing so fast that it ended up crashing the market. Now, history could be repeating itself. That was the warning from the International Energy Agency, which said in its latest Oil Market Report that a “second wave” of shale supply threatens […]
IEA Warns Of New Oil Glut
IEA Warns Of New Oil Glut The global oil market could slip into deeper oversupply on the back of non-OPEC production growth led by the United States, the International Energy Agency said in its latest Oil Market Report. “The main factor,” the IEA said, “is US oil production. In just three months to November, crude […]
Bedazzled by Energy Efficiency
Bedazzled by Energy Efficiency To focus on energy efficiency is to make present ways of life non-negotiable. However, transforming present ways of life is key to mitigating climate change and decreasing our dependence on fossil fuels. Energy efficiency policy Energy efficiency is a cornerstone of policies to reduce carbon emissions and fossil fuel dependence in […]
The Cognitive Prison Habits of Economic Growth and Development
The Cognitive Prison Habits of Economic Growth and Development This post grew out of a recent facebook discussion. Hat Tip to Bruce Kunkel for the title phrase “Cognitive Prison Habits.” George Monbiot recently made some important points and asked questions we all should be giving some thought to. “Green consumerism, material decoupling, sustainable growth: all are […]
The IEA Is Grossly Overestimating Shale Growth
The IEA Is Grossly Overestimating Shale Growth This week, the IEA said that U.S. shale would dominate the oil and gas markets over the next decade, rising to “a level 50 percent higher than any other country has ever managed.” With a “remarkable ability to unlock new resources cost-effectively,” U.S. shale will add millions of […]
Natural gas has no climate benefit and may make things worse
Natural gas has no climate benefit and may make things worse Methane leaks in New Mexico’s oil and gas industry equal 12 coal-fired power plants. A GAS FLARE AT A GAS-PROCESSING FACILITY IN NORTH DAKOTA. CREDIT: AP/MATTHEW BROWNThe evidence is overwhelming that natural gas has no net climate benefit in any timescale that matters to […]
Energy and Authoritarianism
Energy and Authoritarianism Could declining world energy result in a turn toward authoritarianism by governments around the world? As we will see, there is no simple answer that applies to all countries. However, pursuing the question leads us on an illuminating journey through the labyrinth of relations between energy, economics, and politics. The International Energy […]
IEA: Price Spike Coming In 2020
IEA: Price Spike Coming In 2020 The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the sharp fall in industry spending. The halving of oil prices […]
IEA Forecasts Fastest Oil Demand Growth In Two Years
IEA Forecasts Fastest Oil Demand Growth In Two Years The International Energy Agency, which advises most major economies on energy policy, forecast that global oil demand will climb this year by the most in two years amid stronger-than-expected consumption in Europe and the U.S. although it was unclear just how this will offset recently fading […]
What’s Next For Oil: Interview With Former DOE Chief Of Staff
What’s Next For Oil: Interview With Former DOE Chief Of Staff In this week’s MacroVoices podcast, Erik Townsend and Joe McMonigle, former chief of staff at the US Department of Energy, discuss the state of the global energy market, and OPEC’s rapidly diminishing ability to control oil prices. McMonigle believes investors will be hearing more jawboning from […]
Oil prices set to rise sharply, unless new projects are approved
Oil prices set to rise sharply, unless new projects are approved Without new investments, oil prices will rise sharply in the next five years, energy conference told The International Energy Agency says there will be supply problems in three years if a two-year trend in falling oil investments continues into 2017. (Jeff McIntosh/Canadian Press) Oil […]
