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Natural gas boom hasn't made U.S. energy secure, warns IEA chief

2014-07-15 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Hill: The United States has not reached a state of energy security despite the natural gas boom that is sweeping the nation, the new head of the International Energy Agency (IEA) said Monday. Maria van der Hoeven said the IEA forecasts that U.S. oil supplies will plateau in the next two decades, causing the country to rely more heavily on the Middle East for oil. There certainly is some good news in oil security for now, but the nature of the business means that it is imperative to look ahead,...

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Online electronic devices waste $80bn of power annually, IEA report says

2014-07-03 01:00:00| Power Technology

Around 14 billion online electronic devices across the globe unnecessarily waste $80bn worth of power every year, the International Energy Agency (IEA) said in a report.

Tags: online report power says

 
 

Rising costs of production threaten energy profits, IEA warns

2014-06-04 01:54:18| Energy - Topix.net

Chief Economist of the International Energy Agency Fatih Birol speaks during a question and answer session at the Oil & Money conference in London October 1, 2013.

Tags: costs production energy rising

 

IEA: $48tn energy investment needed to meet demand by 2035

2014-06-03 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The International Energy Agency (IEA) has said that despite growth in recent years, investment in renewable energy sources is still much less than the finance poured into fossil fuels. The organisation added that in order to meet demand, countries must invest $2 trillion (1.2 trillion) annually in energy supply. A new report by the IEA has suggested that as energy demand is rising and global greenhouse gas emissions need to be kept under control to avoid disastrous climate change, the current...

Tags: meet needed energy investment

 

IEA raises oil supply concerns

2014-05-19 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The International Energy Agency (IEA) has warned that the world could face an oil supply crunch later this year unless the OPEC group of countries can significantly step up production in the coming months. The Paris-based agency last week issued a monthly report detailing how "OPEC countries would need to hike third-quarter production by another 900,000 b/d from April levels". The report confirmed that following a five-month low in March, April had seen a boost in OPEC oil production of 405,000...

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