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Archive for the tag “International Energy Agency”

IEA – World Energy Outlook 2012

change-in-oil-production
The IEA recently presented its World Energy Outlook report for 2012. Kjell Aleklett, chairman of Peak-Oil club ASPO took a look at it and discussed the report in an article linked to below. Aleklett challenges the findings of the report and instead believes that “During the coming 50 years the production of oil will fall by half“. The IEA believes that global oil production will rise until 2035, with contributions from main players as follows, where the plusses (Iraq, Brasil, Kazakhstan, Saudi-Arabia, Canada, USA, Venezuela) dominate the minusses (Russia, China, UK, Norway):

The IEA believes that this will be the future of US oil and gas production, with large increases in production of unconventional oil and gas:

weo2012_usa

The prediction made by the IEA is that by 2020 the US will overtake Saudi-Arabia in oil production.

It is interesting the see the IEA’s development of predicting SA’s output for 2030 in time:

World Energy Outlook ……. 2004 2006 2008 2010 2012
Scenarios for 2030 (Mb/d)….22.5* 15.6 15.6 13.2 11.4

Implicit message from the IEA to the world: “do not take our predictions serious“. Message from us to the IEA: “we won’t“.

[peakoil.net]
[theoildrum.com] – more about the IEA.

World Energy Outlook 2012


From the cover: Industry and government decision makers and others with a stake in the energy sector all need WEO-2012. It presents authoritative projections of energy trends through to 2035 and insights into what they mean for energy security, environmental sustainability and economic development. Oil, coal, natural gas, renewables and nuclear power are all covered, together with an update on climate change issues. Global energy demand, production, trade, investment and carbon-dioxide emissions are broken down by region or country, by fuel and by sector.

[iea.org – pdf] – Executive summary (12 p.)
[rtcc.org] – One page summary. Interesting factoid: fossil fuel subsidies in 2011, jumped by almost 30% to $523 billion. That’s roughly 523 GW wordt of installed wind energy or 0.5 TW. Total world energy consumption is 200 TW.

Dr. Fatih Birol of the IEA

Dr. Fatih Birol on World Energy Outlook post Copenhagen.

[When will the oil run out?]

Read more…

Are We Entering A Golden Age Of Gas?


The International Energy Agency has produced a 150 page report titled: “Are we entering a golden age of gas?“. Here are the conclusions: Read more…

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