Joined: Jun 02, 2004 Posts: 1078 Location: Bristol, UK
Posted: Thu Dec 06, 2007 8:29 pm Post subject: Fatih Birol Presents the IEA World Energy Outlook 2007
"We are on the eve of a new world energy order."
"...we have oil production outside the core OPEC countries reaching a peak..."
"By 2015, an extra 37.5 mb/d of production will be required. ...23.9 mb/d is to replace declines in existing oil fields"
"We know of approved projects around the world that will bring 25 mb/d by 2015. If the supply turns out to be less than this, we are in serious trouble. If these projects do not come online, the wheels will fall off our energy system."
"The top 5 IOCs have had reserve replacement ratios declining steadily between 2001 and 2006."
Posted: Sat Dec 08, 2007 10:52 pm Post subject: Re: Fatih Birol Presents the IEA World Energy Outlook 2007
clv101 wrote:
"We are on the eve of a new world energy order."
"...we have oil production outside the core OPEC countries reaching a peak..."
"By 2015, an extra 37.5 mb/d of production will be required. ...23.9 mb/d is to replace declines in existing oil fields"
"We know of approved projects around the world that will bring 25 mb/d by 2015. If the supply turns out to be less than this, we are in serious trouble. If these projects do not come online, the wheels will fall off our energy system."
"The top 5 IOCs have had reserve replacement ratios declining steadily between 2001 and 2006."
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