Interview with Financial Sense 11-25-10
I appeared on the Financial Sense program with Jim Pupalava today, to discuss the IEA’s World Energy Outlook 2010 report in which they said that conventional oil actually peaked in 2006, but that unconventional liquids would continue to grow, along with supply from undiscovered fields. In this interview, I attempted to explain how the IEA develops their forecasts, and how to read between the lines.
You can download the show (14 minutes) here:
http://www.financialsensenewshour.com/broadcast/fsn2010-1125-1.mp3
See also my analysis of these past IEA reports:
IEA World Energy Outlook 2009: Is the IEA World Energy Outlook Politically Distorted?
IEA World Energy Outlook 2008: IEA Oil Report: “Time is Running Out”
2007 Medium Term Oil Market Report: The IEA’S Come-to-Jesus Moment
Finally, a tip o’ the hat to Mason Inman for his very good article in National Geographic on the IEA report, “Has the World Already Passed ‘Peak Oil’?“
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