Markets

The ‘New Maths’ For Global Oil Supply Has Prices Deadlocked

Despite massive amounts of oil coming to market from everyone but the Middle East, oil prices are going nowhere and will probably remain elevated, the IEA says. In its latest report, titled, “The New Maths On Supply,” the Paris-based agency increased its global demand forecast by 90,000 barrels a day, […]
The ‘New Maths’ For Global Oil Supply Has Prices Deadlocked
Markets

IEA Chief: America Risks Killing Its Own Oil Boom

[credit provider=”AP”] Writing in the Financial Times, IEA executive director Marina van der Hoeven says that if President Obama refuses to raise restrictions on exporting crude and liquid natural gas, the country’s unprecedented oil boom will dry up.Here’s the situation: technically, American companies are not allowed to export those products, […]
IEA Chief: America Risks Killing Its Own Oil Boom
Markets

The IEA Oil Forecast Is Ludicrously High

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become the world’s largest oil producer by 2020, and will become a net oil exporter by 2030.
The IEA Oil Forecast Is Ludicrously High
Markets

A Summary Of The IEA’s Latest Oil Market Announcement

[credit provider=”ezioman via Flickr” url=”http://www.flickr.com/photos/ezioman/3034706336/”] The International Energy Agency released its monthly report today. Here’s what you should know: Balances for first‐half 2011 show demand continuing to run ahead of supply, if a little less rapidly than in 2H10. The absence of Libyan crude is still making an impact. OPEC […]
A Summary Of The IEA’s Latest Oil Market Announcement
Markets

Peak Oil Is Officially Set To Starve The Economy

Once a year, the International Energy Agency (IEA) releases its World Energy Outlook (WEO), and it’s our tradition here at ChrisMartenson.com to review it.  A lot of articles have already been written on the WEO 2010 report, and I don’t wish to tread an already well-worn path, but the subject […]
Peak Oil Is Officially Set To Starve The Economy