Friday, 12 November 2010

IEA World Energy Outlook 2010

This week the IEA published its World Energy Outlook for 2010.  The most interesting sentence is probably “Crude oil output reaches an undulating plateau of around 68-69 mb/d, by 2020, but never regains its all-time peak of 70mb/d reached in 2006.” So, they're basically admitting that peak oil has come and gone, at least for conventional oil.

Of course, there is still growing supply from unconventional sources, but the net energy, or EROEI, of these sources is lower, so it won't be long before we pass the peak of all energy supplies, if we haven't already.

You can read some critical analysis of the WEO2010 at The Oil Drum and ODAC.


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