Why are oil prices soaring so high, and will they ever return to Earth? Fatih Birol, chief economist at the International Energy Agency in Paris, explains why peak oil is real, why biofuels are indispensable, and how China determines what you pay at the pump.
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International Conflict, Western World Threats and Geopolitical Intelligence
Seven Questions: The New World Energy Order
Posted by Matt in June 6th, 2008 | no comment
Published in Oil, Chief Economist, China, Earth, International Energy Agency, Oil Prices, Paris, peak oil, World Energy
IEA worried about oil supplies, prepares forecast
Posted by Matt in May 22nd, 2008 | no comment
Published in Oil, Associated Press, Chief Economist, Cnbc, Fears, Global Economy, Global Energy, Hirsch, International Energy Agency, Landmark, Oil Fields, Oil Supplies, peak oil, Thirst, World Energy, World Oil Supply
A leading global energy monitor fears there may not be enough oil to slake the world’s thirst — and is preparing a landmark forecast that could reverberate through the global economy even as major companies announce fuel-related cutbacks.
The International Energy Agency is studying depletion rates at about 400 oil fields in a first-of-its-kind study of [...]
100% Probability of U.S. Recession in 2008?
Posted by Matt in December 26th, 2007 | no comment
Published in Economy, U.S., 12 Months, 3 Month Libor, Chief Economist, David Rosenberg, Death And Taxes, Downturn, Fed Funds Rate, Good Job, Hmmm, Likelihood, Merrill Lynch, Odds, Probability, Recession, Recessions, Relevant Numbers, Shadow Of A Doubt, Shape, Sure Thing, Yield Curve
That would be consistent with a recently published report by Merrill Lynch Chief Economist David Rosenberg suggesting a 100% probability of a recession. Reading from his latest writing:
“We recently unveiled a new recession probability indicator that uses the shape of the yield curve (10-year note/3-month LIBOR) and corporate spreads (Baa) to predict the probability of [...]
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