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IEA’s Staggering Oil Glut is Staggeringly Unlikely
IEA’s Staggering Oil Glut is Staggeringly Unlikely The International Energy Agency (IEA) has become a dishonest broker of information because of its renewable energy bias. This week, it reported that there will be a staggering oil glut by the end of the decade. “Total supply capacity is forecast to rise to nearly 114 million barrels a […]
IEA’s 2030 Outlook – I Don’t Even Know Where To Start
IEA’s 2030 Outlook – I Don’t Even Know Where To Start Summary IEA predicts global oil demand will peak by 2030, leading to an 8 million b/d surplus due to Electric Vehicle and energy transition movement. IEA’s outlook shows a disconnect between GDP growth and oil demand growth, with unrealistic assumptions about EV penetration and […]
IEA: Clean energy investment to reach $2 trillion in 2024
IEA: Clean energy investment to reach $2 trillion in 2024 According to the International Energy Agency (IEA), more money is being invested in solar power than in all other sources of electricity combined. Global investment in clean energy will reach $2 trillion (€1.84 trillion) this year, twice the amount invested in fossil fuels, according to the International […]
We’re Supposed To Be Done Finding New Oil and Gas. We’re Not.
We’re Supposed To Be Done Finding New Oil and Gas. We’re Not. Oil and gas reserves discovered and approved just since 2021 would add an entire year of China’s emissions to the atmosphere. That’s according to a new analysis from Carbon Brief, using Global Energy Monitor Data, and boy is it grim. A total of 14 billion tons […]
The Harsh Truth: We’re Using More Oil Than Ever
The Harsh Truth: We’re Using More Oil Than Ever In this age of climate crisis, the world is consuming more crude than ever. Peak oil demand? Not yet. Maybe one day, perhaps even soon, around 2030. For now, however, the global economy still runs on oil. It will take a while before governments certify it, […]
World’s Electric Grids Incapable of Supporting Renewable Energy Goals: Agency
World’s Electric Grids Incapable of Supporting Renewable Energy Goals: Agency While investments in renewable energy have doubled since 2010, power grid funding has remained ‘static.’ Electricity grid capacity available in the world isn’t keeping pace with the rapid growth of “clean energy” technologies, possibly putting governments’ climate goals at risk, according to a recent report […]
Europe’s Energy Crisis Is Reshaping Geopolitics
Europe’s Energy Crisis Is Reshaping Geopolitics Europe’s energy crisis is fueling a major geopolitical reconfiguration. The IEA is warning that we are currently living through a “global energy crisis of unprecedented depth and complexity,” and that “there is no going back to the way things were.” The financial vulnerabilities emanating out of Europe threaten to […]
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe
IEA Head Warns “Wild West” Energy Scenario Could Unravel Europe The unity of EU member states could be in jeopardy as a dark winter fast approaches set to trigger a ‘continental scramble’ for energy resources. European countries would be in a “wild west scenario” in their attempt to pursue energy security which would result in […]
IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter
IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union will need to cut even more in order to get through the winter. “Even […]
Motorway speed limit reduction and Sunday driving ban to tackle reliance on oil suggested
Motorway speed limit reduction and Sunday driving ban to tackle reliance on oil suggested Included in the plan is a ban on driving cars in cities every Sunday, as well as a suggestion to cut speed limits on motorways by 6mph (PA) Reducing the speed limit on motorways and banning Sunday driving are ideas suggested to cut Britain’s […]
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns The bullish narrative for oil markets builds as the head of the International Energy Agency (IEA) and a new Organization of the Petroleum Exporting Countries (OPEC) report, all separately, warned Tuesday about a further global squeeze on energy supplies. IEA Executive Director Fatih Birol told the audience at a […]
IEA: Europe Will Have To Cut Gas Usage By Nearly One-Third
IEA: Europe Will Have To Cut Gas Usage By Nearly One-Third In the first quarter of next year, the countries of the European Union will have to cut their usage of natural gas by up to 30% in preparation for a complete stoppage of Russian gas flows, according to the International Energy Agency (IEA). IEA […]
IEA: Europe Should Prepare For Complete Russian Gas Shutdown
IEA: Europe Should Prepare For Complete Russian Gas Shutdown IEA chief Birol said that Europe should prepare for a complete suspension of Russian gas supplies. Birol advised European governments to keep nuclear power stations running and take other contingency measures. Germany, Austria, and the Netherlands are restarting coal power plants. Europe should prepare for a […]
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA
Oil markets are pricing in long-term supply deficits and OPEC+ will face historic lows in spare capacity, warns IEA IEA Executive Director Fatih Birol. Anadolu Agency/Getty Images The IEA issued a warning for global oil markets Wednesday, saying supply challenges will persist. Three million barrels per day of Russian crude will disappear as sanctions set in, […]
