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Oil crisis, financial crisis, total crisis

world energy outlook cover.bmpThe Paris-based International Energy Agency came out with its annual World Energy Outlook report yesterday. And it makes for gloomy, and expensive, reading (Press release, Calgary Herald, Greentech Media).

The agency bases its findings on a reference scenario that assumes no new government policies are introduced. In this scenario, the IEA says that between now and 2030 world energy demand will grow by 1.6% a year, requiring energy-supply investments of $26.3 trillion (yep TRILLION dollars). “Yet the credit squeeze could delay spending, potentially setting up a supply-crunch that could choke economic recovery,” says the press release.

A week ago, Reuters pre-empted the report, with a story focusing on the slim chance we have to limit warming of the planet to 2 degrees Celsius. “The scale of the challenge … is immense,” IEA has warned.

The IEA has been busy. Today it also released its prediction for how much oil will be needed globally next year. It lowered its estimate for 2009 by 0.8% to 86.5 million barrels a day (Bloomberg).

The agency also lowered its oil price assumption for 2009 to $80 a barrel from the $110 forecast it held during the past three months (AFP).

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    Prof.Paulo de Lacerda,MD, Ph.D said:

    Dear editor,

    Concerning such worst side of the energetic and global financial crisis is necessary in common sense all governments of the denominated the first world are called the 5 potencies or developed nations worldwide…

    And so then to be followed by the rest of the globe as well..

    Development of new global smart and costless energetic models to be adopted sooner at least next 5 years regarding geometrical rising of consumption in terms of global energetic supply to mankind like biofuels

    And even the Water technology as ecological safe fuel toy already available and hidden one of the rest of MANKIND at all..

    Thats is all to say in common sense about the matter..

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