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Source: www.moreover.com --- 15 days ago
What has been within reach is now ready to be settled: 51 states from different continents agreed on the Statute (Treaty) of the International Renewable Energy Agency (IRENA) at the Final Preparatory Conference held last month in Madrid (Spain). The ... Source: money.canoe.ca --- 19 days ago
LONDON - The International Energy Agency is calling for massive investment in producing more oil to prevent a supply squeeze in coming years, saying Energy demand will rise 1.6 per cent a year on average until 2030. ...
Source: www.belfasttelegraph.co.uk --- 19 days ago
The International Energy Agency has warned that the era of cheap oil is over. ...
Source: www.oilweek.com --- 18 days ago
PARIS _ The International Energy Agency made new cuts Thursday to its global oil demand forecasts for this year and next as rich-world economies sink into recession and growth slows in the developing countries.The Paris-based Agency now expects global oil demand to average 86.2 million barrels a day this year, nearly flat compared to 2007, and 86.5 million barrels a day next year. The cuts come on top of those already made in the IEA`s October and September reports.The IEA said its forecast cuts, of 330,000 barrels a day this year and 670,000 barrels a day next year, take into account the International Monetary Fund`s recently lowered forecast of 2.1 percent economic growth globally next year.Oil demand in developed nations belonging to the 30-country Organization for Economic Cooperation and Development is forecast to fall by 2.7 per cent this year and by 1.6 per cent in 2009, in the IEA`s latest view.Demand for oil in developing countries will continue to rise, but slower than previously forecast, the IEA said. So far, however, non-OECD demand growth is still seen offsetting the severe OECD demand contraction, the IEA said.Oil prices slid to near $55 a barrel in trading Thursday in Asia as more bad economic news from the U.S. heightened fears of a severe global downturn that will pulverize demand for crude.The crude futures contract overnight had fallen $3.50 to settle at $56.16, the lowest closing price since January 2007, aft ... Source: www.oilweek.com --- 19 days ago
HOUSTON _ More than a trillion dollars in annual investments to find new fossil fuels will be needed for the next two decades to avoid an Energy crisis that could choke the global economy, the International Energy Agency said Wednesday.The warning from the Paris-based Agency comes at a time when major oil companies are pulling back investments amid the most severe economic downturn in a generation. The IEA stressed that it`s essential for the world`s Energy companies to continue investing in new projects despite tumbling crude prices. The total potential tab through 2030: US$26.3 trillion.While the situation facing the world is critical, it is vital we keep our eye on the medium- to long-term target of a sustainable Energy future, IEA executive director Nobuo Tanaka told reporters at the release of its annual World Energy Outlook report in London.There are growing fears that the simultaneous plunge in oil prices and a pullback in spending on exploration and production will result in another massive Energy price spike.While macroeconomic conditions have lowered oil prices for the moment, there is nothing in the underlying economic picture that suggests this slowdown will be long-lived, maybe a year or more out, said former Secretary of Energy Spencer Abraham. There was not enough production even when we were in triple-digit oil markets over the summer, and there`s going to be a lot of pressure on the system when economies recover ... International Energy Agency Acknowledges 'Patently Unsustainable' Trends in Global Energy Supply and
Source: www.thecherrycreeknews.com --- 14 days ago
- National and International Energy agencies have long downplayed the statistics and significance of oil depletion. Finally, in Wednesday's World Energy Outlook (WEO) 2008 report, the Paris-based International Energy Agency (IEA) conclusively recognized the reality of Peak Oil and the magnitude and implications of large annual decline rates on the world's annual oil production.While the IEA's report is groundbreaking in acknowledging the problem, the Association for the Study of Peak Oil and Gas USA (ASPO-USA) finds unwarranted optimism in the report's projections of oil production that are inconsistent with known decline rates -- acknowledged in the report at more than six percent per year. Years... ... Source: www.reliableplant.com --- 14 days ago
The International Energy Agency (IEA) has released the first report of the World Energy Outlook 2008, which outlines the world's Energy viewpoint for the next 22 years... ... Source: ictsd.net --- 15 hours ago
The 2008 edition of the International Energy Agency’s World Energy Outlook, released in mid-November, reaffirmed previous predictions about the world’s continued heavy reliance of fossil fuels. The Agency somewhat scaled back its projected oil growth rates due to the current recession, and called for urgent action to address climate change. “Current trends in Energy supply and [...] ... Source: www.euractiv.com --- 16 days ago
In this year's World Energy Outlook, the International Energy Agency (IEA) breaks with its tradition of allaying concerns about the availability of oil. Instead, it calls for an urgent transition to a more sustainable global Energy system to avert a potential climate catastrophe. ... Source: earnwhatyouspend.com --- 17 days ago
When oil men like T Boone Pickens become increasingly concerned about the availability of oil, you know we’re in for a problem. This past summer, we saw a historic run-up in the price of oil, but it has since collapsed, currently bringing it to levels not seen in years. Yesterday, the International Energy Agency, the world’s [...] ... Source: www.world.xorte.com --- 13 days ago
National and International Energy agencies have long downplayed the statistics and significance of oil depletion. Finally, in Wednesday's World Energy Outlook 2008 report, the Paris-based International Energy Agency conclusively recognized the reality of "Peak Oil" and the magnitude and implications of large annual decline rates on the world's annual oil production. ... Source: www.eco-cide.com --- 23 days ago
Think a 2°C hike sounds bad? Try 6°C. That’s how much average global temperatures could rise, according to the International Energy Agency’s (IEA) soon-to-be released 2008 World Energy Outlook. Reuters and The New Scientist’s Catherine Brahic write that the report, which will be released November 12, says that even stringent emission-reducing caps, coupled with action [...] ... Source: digg.com --- 14 days ago
The International Renewable Energy Agency (IRENA) will integrate regional clean Energy progress into a coordinated, global effort. It will provide political recommendations, and identify funding for... ... Source: blog.coolerplanet.com --- 16 days ago
Yesterday the Worldwatch Institute published an article announcing the creation of the International Renewable Energy Agency (IRENA). The Agency will formally open its doors in January 2009. Fifty-one nations from all over the world have already agreed to fund and support the Agency. Denmark, Germany, and Spain, the organization’s founders, will co-lead IRENA. Although other organizations [...] ... Source: www.oilinisrael.net --- 7 days ago
London’s Financial Times reported on the International Energy Agency’s “World Energy Outlook”. Petroleum output, according to the Agency, is declining. At the same time the world’s demand is increasing. Currently world oil output just meets oil demand. The world won’t feel this Energy crunch in the short term due to slowed demand as a result [...] Related posts: TomCo Energy reports near doubling of oil-in-place in Heletz Field “Energy Independence” by Nathan Jones Israel Strikes Oil ... Source: energybusinessdaily.com --- 20 days ago
Read more about U.S. Energy Industry Analysis The International Energy Agency recently issued a warning proclaiming that the era of cheap oil is over. It further went ahead to predict that crude oil prices would soon rebound to above $100 a barrel and double again by 2030 as fields in the North Sea and elsewhere [...] ... Find more results for International Energy Agency on RSSMicro.com |
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