Posts Tagged ‘International Energy Agency’

The International Energy Agency may not have a solution but no one can accuse them of no longer understanding the gravity of the problem. In their June report, the IEA warned that unless OPEC could increase production by at least 1.5 million barrels a day, world oil demand is going to surpass available supply during [...]

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How high must oil prices go before they start killing the very demand that feeds them? Everybody from the International Monetary Fund to the International Energy Agency (IEA) are warning of dire economic consequences if today’s triple digit oil prices persist. Curiously though, the IEA, which is warning of a potential global recession due to [...]

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