Tag Archives: oil reserves

IEA Investment Report – What is Right; What is Wrong

Recently, the IEA published  a “Special Report” called World Energy Investment Outlook. Lets’s start with things I agree with: 1. World needs $48 trillion in investment to meet its energy needs to 2035. This is certainly true, if we assume, as … Continue reading

Posted in Financial Implications, News Related Post | Tagged , , | 709 Comments

Kidding ourselves about future MENA oil production

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs to come from MENA [Middle East and North African] countries. There … Continue reading

Posted in Food issues, News Related Post, Oil and Its Future | Tagged , , , , , , | 57 Comments