Stories tagged with iea
Oilwatch Monthly - April 2008
Posted by Rembrandt on April 21, 2008 - 10:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: eia, iea, non-opec, oilwatch, opec, russia, supply, total liquids, world production [list all tags]
The April 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.65 MB, 21 pp).

A summary and latest graphics below the fold.
Whither The Bumpy Plateau?
Posted by Stuart Staniford on February 25, 2008 - 11:00am
Topic: Supply/Production
Tags: eia, iea, o&gj, opec, peak oil, plateau [list all tags]

Average daily total liquid production, by month, from EIA (green), IEA (plum), and OPEC (indigo) plus daily crude+condensate production from EIA (teal), and Oil and Gas Journal crude oil production estimate (dark red). Each series has the 13 month centered moving averages of each line, recursed once. Click to enlarge. Graphs are not zero-scaled. See below for sources.
President Bush Questions Saudi Ability to Raise Oil Supply
Posted by Gail the Actuary on January 17, 2008 - 10:45am
Topic: Policy/Politics
Tags: eia, george w. bush, iea, oil production, opec, opec reserves, saudi arabia [list all tags]
Last night, on ABC's Nightline, Terry Moran interviewed President Bush in Riyadh, Saudi Arabia, during his trip to the Middle East. When discussing what President Bush might say to the King of Saudi Arabia to lower oil prices, George Bush said:
If they don't have a lot of additional oil to put on the market, it is hard to ask somebody to do something they may not be able to do.
If Saudi Arabia doesn't have a much additional oil to put on the market, the veracity of what Saudi Arabia has been saying about extra capacity is brought into question. More importantly, it starts raising questions about Saudi Arabia's true long-term oil production capability. Can Saudi Arabia really ramp up oil production in the future? Are the high reserves posted by Saudi Arabia and other Middle-Eastern countries really indicative of high future production capability?
The interview with George W. Bush can be seen at this link. The above quote is about 1:55 into the interview.
This is a link to a Press Release we did with respect to this story. Feel free to link to it in your Blogs.
Daddy, will the lights be on at Christmas?
Posted by Euan Mearns on December 20, 2007 - 11:30am in The Oil Drum: Europe
Topic: Supply/Production
Tags: Aleksandr Ananenkov, berr, european gas, gas exports, gas imports, gazprom, iea, norwegian gas, npd, russian gas, Vladimir Milov [list all tags]
... or is Europe running low on natural gas?
OECD Europe gas imports may grow by 295 BCM per annum by 2020. In the same time period, global LNG production is set to grow by 350 BCM per annum. So we Europeans should be OK, so long as the USA, Japan, China, South Korea, India and Taiwan are not planning to expand their LNG imports as well.
Edinburgh, the capital of Scotland, at Christmas. A wondrous site. And none of our politicians or the general public ever wonder where the energy comes from and how we will pay for it. Cutting CO2 emissions is a priority for all parties. Eliminating nuclear power is also high on the agenda. Confused? Our politicians certainly are. Visit Edinburgh while you can, it's one of Europe's finest cities.
Fatih Birol Presents the IEA World Energy Outlook 2007
Posted by Chris Vernon on December 7, 2007 - 11:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: carbon dioxide, coal, fatih birol, growth, iea, oil [list all tags]
Introduction
· We are on the eve of a new world energy order.
· On the supply side, we have oil production outside the core OPEC countries reaching a peak, which is not good news for the International Oil Companies (IOCs). The National Oil Companies (NOCs) will determine future oil supply.
· On the demand side, China and India are transforming global energy markets through their sheer size and rate of economic growth.
· Between now and 2030, China and India will account for 70% of new global oil demand, and 80% of new coal demand.
IEA: oil demand has surpassed supply
Posted by Rembrandt on December 6, 2007 - 11:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: crisis, demand, iea, supply [list all tags]
The energy watchdog of the OECD countries, the International Energy Agency (IEA), recently started to talk about looming oil shortages. The high oil price of today will remain is the message they are spreading. We need to save more oil, invest more in increasing oil production and upscale alternatives. However, the IEA does not see a peak in worldwide oil production occurring in the coming decades. Based on the expectation that large amounts of oil will be discovered, not yet on the radar of oil companies worldwide. This new stance follows below from the translated transcript of an interview recently broadcasted on the Dutch television channel RTL-Z with Aad van Bohemen, the Director of Crisis Management at the IEA
What is the significance of the current crisis on the oil market?
“The situation on the oil market is worrisome in the sense of there being more demand than supply. This does not mean that we should panic because of an acute shortage of oil, there is sufficient oil in the world. There is production capacity that can be brought to the market by the oil producing countries. But this capacity should be brought to the market to meet supply. So the situation is on overall worrisome, but it is not yet time to panic.”
Does the latest IEA number matter?
Posted by Stuart Staniford on December 3, 2007 - 11:00am
Topic: Supply/Production
Tags: eia, iea, peak oil, plateau [list all tags]
Peak oil: BP, Conoco CEOs say it's here - also IEA's Fatih Birol really freaks out
Posted by Jerome a Paris on November 11, 2007 - 10:30am in The Oil Drum: Europe
Topic: Policy/Politics
Tags: bp, ConocoPhillips, iea [list all tags]
After the CEO of Total (the French oil major) last week, two more CEOs of an oil major came out this Thursday to give stark warnings that mean that peak oil is happening right now. In addition, the chief economist of the International Energy Agency (the IEA), one of the main cheerleaders of the "there's more than enough oil" camp until now, is giving an extraordinarily pessimistic interview in the Financial Times, following the recent publication of their latest World Energy Outlook.
Let me take you through all their affirmations.
£1 per Litre Petrol Drives Peak Oil on Mainstream TV
Posted by Chris Vernon on November 8, 2007 - 7:00pm in The Oil Drum: Europe
Topic: Sociology/Psychology
Tags: A Crude Awakening, David Strahan, iea, peak oil, petrol, united kingdom [list all tags]
In the UK, today's coverage has been driven by the psychological £1 per litre being crossed for the first time (BBC News). Crossing the other threshold of $100 oil, will likely drive further peak oil discussions in the mainstream.
Just yesterday Euan highlighted recent coverage of Peak Oil in the Mainstream Business Press.
Also see: A Tuppence Extra? for more on the UK petrol pricing.
Houston ASPO - the Workshop day
Posted by Heading Out on October 18, 2007 - 10:30am
Topic: Miscellaneous
Tags: cera, Freeport, ghawar, iea, investment, lng, modeling, qatar, saudi arabia [list all tags]
Seven am breakfasts in O’Hare are not a habit I plan on developing but there was I, for the second day running, at the same table even at Wolfgang Pucks.. But all in a good cause, as I headed off to Houston for ASPO. Going to the hotel - very new and needed, as the cabby proudly told me,– he asked which Convention I was here for (there is an Olympics meeting of some sort down the hall). I explained about Peak Oil and though initially he had not heard about it, he then mentioned a Houston City Council effort to have the cab companies use hybrids. This is now on hold, since it did not appear to be a well-received suggestion. Concerns that he brought up included the small size of the cars, that they were only 4-cylinder and would not stand the wear that a cab life would impose, and that the cabbies, who have to buy the cabs, could not afford the $3,000 to replace the batteries. Apparently the cab companies had suggested that they would comply right after the police Department bought theirs. Talking at an ASPO break about this, apparently Denver are experimenting with the process, but have only just introduced it with a few cabs., and a quick Google shows that a number of cities have already bitten that bullet.
With getting here a little late I walked into the first joint sessions after they had started, and, as with the ASPO in Cork, the atmosphere immediately conveyed that the meeting would be a success. (Though the initial judgment was made because I had to drop my bag and lean against the wall since there were no free seats, and when more were brought they were still not enough). The audience was obviously knowledgeable and the questions were technical, as were the answers. For the first “Workshop” day the sessions were divided, with TOD stalwarts Stuart Staniford and Euan Mearns giving the story of their incredible detective work in, as an audience member put it, developing the story of Saudi oil with virtually none of the resources or computing power of Aramco, and yet coming very close to what has to be the real story. Stuart explained how the numbers that he, and others at TOD, had put together and painted the picture of Ghawar depletion, (which is in the citation so I won’t repeat it) and Euan put this in the broader context of Saudi Arabia in general. Gail Tverberg acted as moderator to the session and the discussion. Perhaps the crux of the issue is that the authors do not think that Saudi Aramco can produce the volumes that they claim for Ghawar since, in part they assume a higher recovery factor that has been historically true for this type of rock, and with around half the production gone, things are not looking all that good. Reference was made in questions to other papers coming in the meeting that will bring further light to the topic, including such a comment from Matt Simmons.


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