Production at the world’s oil fields will decline faster in coming years, putting more pressure on future oil supplies, the International Energy Agency said on Wednesday.
As current fields fade with age and the industry moves offshore and into smaller fields, decline rates will accelerate, the agency found, and more investment will be required to make [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
IEA Says Fading Oil Production Threatens Supply
Posted by Matt in November 13th, 2008 | no comment
Published in Oil, Crunch, Decline Rates, Iea, International Energy Agency, New Oil, Oil Fields, Oil Production, Oil Supply, peak oil, Peak Year, Shortfall
Energy Watchdog Warns Of Oil-Production Crunch
Posted by Matt in May 22nd, 2008 | no comment
Published in Energy, Attempt, Bottom Line, Crunch, Downward Revision, International Energy Agency, Oil Companies, Oil Fields, Oil Production, Oil Supply, Paris International, Pessimism, Sharp, Watchdog, Wsj
The world’s premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.
The Paris-based International Energy Agency is in the middle of its first attempt to comprehensively assess the condition of the world’s top 400 oil fields. [...]
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