Posts tagged “iea”
A report issued by the International Energy Agency (IEA) suggests that coal will surpass oil as the world’s most popular fuel source within 10 years, threatening to inject more greenhouse gases into the air than ever before if policy changes don’t follow the warning.
The boost in coal use is due to extreme growth in emerging markets like China and India, countries that require cheap fuel sources for electricity production in order to support their quickly growing infrastructures and populations. At current rates of growth, the IEA says that it expects that coal consumption will rise to 4.32 billion tonnes of oil equivalent versus 4.4 billions tonnes of oil per year worldwide within only four years; with that trend continuing, coal would quickly overtake oil as the world’s fuel source of choice. (Read More: Global Carbon Dioxide Emissions — Facts and Figures)
The IEA is the energy advisory arm of the Organization for Economic Cooperation and Development (OECD), a group that oversees the economic activities of 34 industrialized nations, including Canada and the United States.
While imagining a world where stopping at a gas station is no longer such a crucial part of being a driver may be difficult, two reports from the International Energy Agency (IEA) show that the fuel efficiency of consumer vehicles could be increased by 50 percent by the year 2040 if the necessary technologies and policies to achieve that goal are implemented in a timely manner.
Note: I am back in Hawaii after a long road trip, so my posting frequency will return to normal. I intend to record new R-Squared Energy TVs in the near future as well.
In last week’s Energy Trends Insider our featured stories were How to Acquire Accurate Energy Data and Statistics, Investment Opportunities in Indian Energy Infrastructure, and a Subscriber Question on Cheap Natural Gas — A Threat to Chemical and Biofuels Producers. As we have done previously, we would like to share one of those stories with regular readers of this column. Interested readers can find more information on the newsletter and subscribe at Energy Trends Insider.
How to Acquire Accurate Energy Data and Statistics
Making good investment decisions requires access to timely, reliable data. There are a number of good sources of data, each with particular strengths and weaknesses. Here I discuss three that I frequently use. CONTINUE»
While Robert continues his trip to Europe and across the Continental U.S., a significant piece of news has been dominating the headlines. Although we’ve been closely monitoring the release of 60 million barrels of crude on our Energy Ticker page, we also wanted to generate some discussion on the topic, here, on the R-Squared Energy Blog. Robert has, in the past, covered the topic of using the Strategic Petroleum Reserve as a weapon to control prices. In one article, he argued against politicians who were calling for a release, titling the essay: “Speculator’s Political Reserve?“. Robert also observed the Jekyll & Hyde phenomenon in “Contradicting Goals: Cheap Gas and Lower Carbon Emissions“. The topic was also covered in his “Debunking… Continue»
China consumed 2,252 million tons of ‘oil equivalent’ last year, which is about 4 percent more than the U.S. consumed.
In Part I, I presented the notes on renewable energy that I took as I read through the 2008 International Energy Agency (IEA) World Energy Outlook. Here in Part II, I organize those notes, and then provide some general comments and conclusions. I am now offline for a few days. Happy holidays to those who celebrate Thanksgiving. ————————- As I read through the 2008 International Energy Agency (IEA) World Energy Outlook, I had the distinct impression that I was reading contributions from people with completely opposite points of view. The pessimist warned that we are facing a supply crunch and much higher prices. The optimist in the report said that oil production won’t peak before 2030. This trend held in… Continue»
I am working on an essay on the renewable energy portion of the recently released 2008 IEA World Energy Outlook. In Part I, I merely present some of the highlights of the report (actually the notes I jotted down as I read it). Part II will involve more commentary and analysis. Note that these are the IEA projections, and do not necessarily reflect my opinion. Report Highlights World energy demand is projected to grow from 11,730 Mtoe (million metric tons of oil equivalents) in 2006 to 17,010 Mtoe in 2030. Fossil fuels, with oil as the primary source, will account for 80% of energy used in 2030. China and India will be responsible for over half of the increased energy… Continue»
Today the International Energy Agency (IEA) released their much anticipated (and previously leaked) World Energy Outlook 2008. The full report costs €150, but there is a lot of publicly available information on their website. They have a presentation for the press, an executive summary, and key graphs available. I will comment in more detail after I have had time to read through the report. A preliminary look appears to me to be a full-fledged endorsement of the possibilities of peak lite. Reuters has more on that: Credit crisis adds to risk of oil supply crunch The agency’s World Energy Outlook for 2008 stopped short of sounding the alarm that oil supplies may have peaked, but highlighted obstacles to accessing new… Continue»
Update: IEA Dismayed Over Leaked Report (says final version to be released on November 12th). —————— A much anticipated report from the International Energy Agency (IEA), World Energy Outlook, has been obtained in draft by Financial Times. The headline says it all: World will struggle to meet oil demand Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows. Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times. The findings suggest the world will struggle to produce… Continue»
I just learned today that the two presentations I made at this year’s ASPO conference are now available. The slides are pretty self-explanatory, but they only served as background for the talk so people could read through them as I made my points. I intend to write up my notes and post them as time allows. First up, the slides I presented on the energy information agencies: The Energy Information Providers Here is a sample slide from that presentation: Second was my presentation on biofuels: Biofuels: Facts and Fallacies A couple of sample slides from that presentation: If they make the video available, I will post that link as well.