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In my self-designated role critiquing various schemes for total transformation of the world energy system, I get to review large amounts of poor, shoddy, and incompetent work. When people get into advocating for this “energy transition,” the stars regularly align to bring forth the most extreme levels of ineptitude. Start with the fact that the “smartest” people are filled with arrogance and hubris, but are not actually very smart. Add that many innumerate Politics and English majors have flooded into a field that cries out for engineering calculations. Add too that groupthink and orthodoxy enforcement prevent anyone from pointing out...

Renewables are reaching the point where they are outcompeting fossil fuels on price — setting the stage for their predicted dominance of the energy sector by midcentury. When it comes to the surging demand for new electric generation, wind and solar prices are now the cheapest options almost everywhere, according to the International Energy Agency (IEA). Building new wind and solar projects is also cheaper than running existing coal plants, according to a report from Energy Innovation, a nonpartisan climate policy think tank. The fall in price has led to a global rush to install new wind and solar —...

Occidental Petroleum quietly sold off a carbon capture facility – the world’s largest — that was built into a natural gas processing plant in Texas, according to a Bloomberg Green investigation. The plant, called Century, never operated at more than a third of its capacity since it was built in 2010. According to statements the company made to Bloomberg Green, the technology worked, and the facility continues to operate as designed. The economics of Century weren’t good because of limited amounts of natural gas coming from a nearby field, according to the report, and as a result, the plant fell...

While investments in renewable energy have doubled since 2010, power grid funding has remained ‘static.’.. Electricity grid capacity available in the world isn't keeping pace with the rapid growth of "clean energy" technologies, possibly putting governments' climate goals at risk, according to a recent report by the International Energy Agency (IEA). In order to achieve climate goals set by global governments, more than 80 million kilometers (49.7 million miles) of electric grids have to be added or refurbished by 2040, which is the “equivalent of the entire existing global grid,” according to the Oct. 17 IEA report. Even though “electrification...

The globalist International Energy Agency (IEA) is calling for energy lockdowns as the price of gas and oil skyrockets. Months after the destructive and deadly COVID lockdowns the IEA is calling for new lockdowns on the general public such as banning cars on Sunday and only allowing certain license registered vehicles on the road on certain days.The globalist rules would once again decimate the third world nations where people don’t have the luxury of working from home or taking weekends off.Advertisement - story continues belowBut the globalists don’t care. It’s for the greater good.

The International Energy Agency said Friday that a shortage of oil supply worldwide tied to Russia's invasion of Ukraine can be countered with specific actions to reduce consumption that governments and citizens can take immediately. A report issued by the IEA on Friday includes a 10-point plan that it says "could lower oil demand by 2.7 million barrels a day within four months -- equivalent to the oil demand for all the cars in China." "As a result of Russia's appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications...

Paris (AFP) – The International Energy Agency on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help "relieve the strain" on markets, while warning that the world faced the biggest shock to supply "in decades". With the threat that supplies of Russian oil could be cut even more, "there is a real risk that markets tighten further and oil prices escalate significantly in the coming months" as...

The United States is expected to churn out far more oil in 2019 than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported U.S. oil production is expected to rise by 1.3 million barrels a day in 2019. While this number is lower than the record-smashing 2.1 million increase producers enjoyed in 2018, it’s more than double what the IEA initially expected to see in 2019. The forecast illustrates the...

Oil prices are likely to stay below $80 per barrel for another five years, according to a closely watched energy report. The International Energy Agency released its 2015 World Energy Outlook (WEO), with predictions for energy markets out to 2040. Although there are no shortage of caveats, the IEA projects that oil prices will only rebound slowly and intermittently, and the supply overhang will slowly ease through the rest of the decade. In its “central” scenario, it sees oil prices rebalancing in 2020 at $80 per barrel, with increases in the years following. At issue, as always, is supply and...

The chief economist of the International Energy Agency (IEA) said on Friday he sees oil rising to near $100 a barrel in coming years, some 40 percent above current prices that have been hit by a supply glut and sluggish global growth. "I think an oil price, which will balance the markets in the next years to come, will be close to $100," Fatih Birol told a conference in Stockholm, when asked to quantify at what level he sees oil prices long-term. "We shouldn't be blinded with what's happening now. Looking at the geology, looking at the economics of the...

Taxpayers on hook for millions in retirement benefits unrelated to teaching . Thanks to a loophole created by the Illinois legislature, retired teacher union leaders are getting pension credit for the years they did union work after leaving the classroom. The arrangement has put taxpayers on the hook for millions of dollars in retirement benefits unrelated to teaching, and further drained an already overburdened state pension fund. ... The union bosses collecting the payouts had jobs at the National Education Association (NEA), the Illinois Education Association (IEA) and the Illinois Federation of Teachers (IFT) after their teaching careers. Most got...

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/5e923e3a-51d3-11e3-8c42-00144feabdc0.html#ixzz2m9yJLw8r The most interesting message in this year’s World Energy Outlook from the International Energy Agency is also its most disturbing. Over the past decade, the oil and gas industry’s upstream investments have registered an astronomical increase, but these ever higher levels of capital expenditure have yielded ever smaller increases in the global oil supply. Even these have only been made possible...

Rising oil and gas production and improving energy efficiency in the United States could slash its oil imports in half by the end of 2020 from levels seen two years ago, the West's energy watchdog said on Wednesday. The Paris-based International Energy Agency (IEA) earlier this month said the United States would overtake Russia next year to become the world's largest oil producer thanks to its shale oil boom. Adding that development to energy savings from investments in efficiency will cut the need of the world's largest oil consumer to rely on imported oils, the IEA said. Earlier this month,...

A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says. Over the next five years, the US will account for a third of new oil supplies, according to the International Energy Agency (IEA). The US will change from the world's leading importer of oil to a net exporter. Demand for oil from Middle-East oil producers is set to slow as a result. "North America has set off a supply shock that is sending ripples throughout the world," said IEA executive director Maria van der Hoeven....

LONDON, Nov 12 (Reuters) - The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency. The International Energy Agency (IEA) said it saw a continued fall in U.S. oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.

"Senate Hs Committee Report Finds Online Jihadist 'Activity' Leads To Violent Islamist Extremism" by Anthony Kimery 02/28/2012 ( 9:12am) SNIPPET: "Violent Islamist extremists use the Internet to recruit, radicalize and mobilize individuals -- including Americans -- and “the threat of violent Islamist extremism has become increasingly decentralized and its messaging has followed that same trajectory,” according to a report issued Monday by both the majority and minority staff of the Senate Committee on Homeland Security and Governmental Affairs." SNIPPET: "The report concluded that “the United States currently has a haphazard approach to dealing with global Internet radicalization and propaganda,” and...

The world has just five years to avoid being trapped in a scenario of perilous climate change and extreme weather events, the International Energy Agency (IEA) warned on Wednesday. On current trends, "rising fossil energy use will lead to irreversible and potentially catastrophic climate change," the IEA concluded in its annual World Energy Outlook report. "The door to 2.0 C is closing," it said, referring to the 2.0 Celsius (3.6 Fahrenheit) cap on global warming widely accepted by scientists and governments as the ceiling for averting unmanageable climate damage. Without further action, by 2017 the total CO2 emissions compatible with...

Posting the last paragraph from the article ... I don’t know if anyone else has noticed, but this country has been thoroughly gutted over the past few decades. Our industrial base has been dismantled and shipped overseas to the benefit of foreign nations and corporate feudalists. Our grain reserves, once ample, have been depleted to an all time low. Our currency has been systematically debased. And now, our oil reserves, without rational cause, are being sold off only to feed the catastrophe our government is supposedly out to stop. Are the American people being prepped like a glazed ham for...

US commodity regulators were examining Friday whether word of a decision to coordinate a release of global oil stockpiles was leaked ahead of Thursday's announcement by the International Energy Agency, a person familiar with the matter said. Officials with the Commodity Futures Trading Commission as well as market participants have pointed to unusual trading in the oil futures market before the IEA's announcement that it would release 60 million barrels of oil, the person said. Member countries of the IEA agreed to take two million barrels of oil a day from their emergency stocks over the coming months, marking the...

Politics: With Democrats' poll numbers in the dumps, President Obama has decided to release some of the U.S. strategic petroleum reserves to cut prices at the pump. Problem is, its only real "strategic" purpose is politics. The White House announced Thursday that for only the third time in history, the U.S. would release 30 million barrels of oil from the national stockpile. America's 727 million barrel-strong reserve, buried deep in the salt domes of Texas and Louisiana, was created in the wake of the 1973 Arab oil embargo. It's always been meant to cushion the U.S. economy against shocks from...