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IEA Archive
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Impact of Corona Virus similar to some earlier peak oil scenarios
Posted on March 10, 2020 | No CommentsEmpty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… Fig 1: Empty roads in Wuhan in February 2020 China […] -
Will Australia have a strategic oil reserve before it is too late? (part 2)
Posted on February 22, 2018 | No CommentsIn part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This […] -
Australia’s oil stock coverage on record low
Posted on June 23, 2017 | No CommentsIn prime time evening news of the Australian public broadcaster ABC TV, on 21 June 2017, the business presenter Alan Kohler tried to explain a fall in oil prices by […] -
China’s oil peak 45 years after the US peak
Posted on September 5, 2016 | No CommentsFig 1: Oil crisis in China like in 2005? No. By order: Free roads for G20 in Hangzhou https://www.theguardian.com/world/2016/aug/31/china-hangzhou-propaganda-facelift-g20-summit Strategically published only days before the G20 summit the Wall Street […] -
IEA in Davos 2016 warns of higher oil prices in a few years’ time
Posted on February 9, 2016 | No CommentsWorld Economic Forum The Transformation of Energy Fig 1: WEF energy panellists 22/1/2016 From right to left: moderator Daniel Yergin (IHS), Fatih Birol (IEA), Hiroaki Nakanishi (Hitachi), Ignacio Sánchez (Iberdrola), […] -
IEA report: US shale oil growth practically zero in 2017
Posted on March 3, 2015 | No CommentsThe International Energy Agency’s Medium Term Oil Market Report 2015 included an interesting graph showing changes in US and Russian oil production for the next 5 years: IEA MTOMR February […] -
Free oil! Next stop free oil crunch
Posted on February 15, 2015 | No CommentsBuy 1 barrel of oil for $100, get one barrel free!That makes $50 a barrel. Looks like a sale. Hurry before it ends. Spare a thought for the poor oil […] -
IEA report implies US crude production may start to peak 2016
Posted on August 14, 2014 | No CommentsThe Medium Term Oil Market Report of the International Energy Agency (IEA, Paris), published in June 2014, contains a graph which implies that US crude production will start to peak […] -
Save, baby, save – in a hurry
Posted on June 26, 2011 | No Comments7 years after crude oil production started to peak in 2005, desperate attempts are being made to continue business as usual as the US and the International Energy Agency decided […] -
Iran crude oil production to decline by 700 kbd by 2015; budget neutral oil price $130
Posted on July 3, 2010 | No CommentsThe new IEA Medium Term Oil Market Report 2010 http://www.iea.org/W/bookshop/add.aspx?id=397 estimates Iran’s oil production capacity will decline by 700 Kb/d by 2015. The above graph shows the change of crude […]