Le pire est à venir

La fin de l’énergie pas chère

[Times] Oil prices hit a record high of $97 a barrel on Tuesday, but the next generation of consumers could look back on that price with envy. The dire predictions of a key report on international oil supplies released Wednesday suggest that oil prices could move irreversibly over the $100-a-barrel threshold in the not too distant future, as the global economy faces a serious energy shortage.

This gloomy assessment comes from the International Energy Agency, the Paris-based organization representing the 26 rich, gas-guzzling member nations of the Organization for Economic Cooperation and Development (OECD). The agency is not known for alarmist warnings, and its World Energy Outlook is typically viewed by policy wonks as a solid indicator of global energy supplies. In a marked change from its traditionally bland, measured tones, the IEA’s 2007 report says governments need to make urgent, bold decisions on energy policy, or risk massive environmental and energy-supply crises within two decades — crises and shortages that could spark serious global conflicts.

[LeMonde] La production d’or noir n’augmentera plus, selon l’ex-n°2 du pétrole saoudien

[Wired] If there are any lingering doubts as to whether the age of oil is nearing its end, the International Energy Agency has put them to rest and made it clear that only a massive and immediate investment in sustainable energy will prevent a global crisis.

The agency states in no uncertain terms in its annual World Energy Outlook that « alarming » growth in worldwide energy needs will within a generation threaten energy security, accelerate global climate change and possibly bring worldwide shortages and conflicts.

The burgeoning economies of China, which will within three years surpass the U.S. to become the world’s leading energy user, and India have inalterably changed the global energy landscape, making them the focus of the 675-page report released today.

[TheIndependent] L’augmentation du brut s’ajoute aux pressions déjà existantes sur le $US

[Pic pétrolier pour les nuls]

[OilDrum] After the CEO of Total (the French oil major) last week, two more CEOs of an oil major came out this Thursday to give stark warnings that mean that peak oil is happening right now. In addition, the chief economist of the International Energy Agency (the IEA), one of the main cheerleaders of the « there’s more than enough oil » camp until now, is giving an extraordinarily pessimistic interview in the Financial Times, following the recent publication of their latest World Energy Outlook.

18 nov 2007 [BBC] Iranian President Mahmoud Ahmadinejad has suggested an end to the trading of oil in US dollars, calling the currency « a worthless piece of paper ».

The call came at the end of a rare Opec summit, and was opposed by US ally Saudi Arabia.

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