Reliable sneak peak on World Energy Outlook?
The Financial Times ran a story yesterday saying that it obtained a draft version of the much anticipated World Energy Report by the International Energy Agency. In summary: "Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent."
The story says, "The findings suggest the world will struggle to produce enough oil to make up for steep declines in existing fields, such as those in the North Sea, Russia and Alaska, and meet long-term demand. The effort will become even more acute as prices fall and investment decisions are delayed."
The IEA is not happy about the leak.
Comments (2)
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This blog is a real snoozer -
I predict no action here again - reminds me of my first ex-wife.
Posted on October 31, 2008 10:11 AM
Holden, Lakeshia, whatever your name is:
No one is forcing you to read my blog. Please comment directly on the post at hand or I will have to block you from submitting comments. Again, if you have any suggestions for making this blog better, e-mail me at morgan.josey@news-record.com or call me at 373-7078.
Posted on October 31, 2008 3:09 PM