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October 12, 2008 2:44:14 AM CDT

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3 Stories

  • June 2008

    • World Price Tag to Fix Energy Mess: $45T

      Bloomberg  |  Jun 6, 08 9:50 AM CDT

      World Price Tag to Fix Energy Mess: $45T

      (Newser) - The world needs to pump $45 trillion into developing green technologies if it hopes to reach its goal of cutting emissions in half by 2050, the International Energy Agency said today. Otherwise, emissions will rise 130% over that period, and oil demand will climb 70%. The $45 trillion represents 1.1% of global GDP over the period, Bloomberg reports. More »

      Tags

      climate change  • oil  • carbon emissions  • greenhouse gases  • Group of Eight  • IEA

  • April 2008

    • Agency Cuts Oil-Demand Forecast

      Wall Street Journal  |  Apr 11, 08 10:21 AM CDT

      Agency Cuts Oil-Demand Forecast

      (Newser) - The projected growth in the demand for oil worldwide is at its lowest level since the Sept. 11 terrorist attacks, but don't expect any any price relief, reports the Wall Street Journal . The IEA pegs projected growth at 1.3 million barrels a day, down 35% from its projection in  January. But even though the US and Europe will use less, booming nations such as India and China need more, which means OPEC can hold prices steady. More »

      Tags

      crude oil  • OPEC  • world economy  • IEA

  • November 2007

    • Demand for Oil May Pass Output by 2012

      Wall Street Journal  |  Nov 19, 07 10:07 AM CST

      Demand for Oil May Pass Output by 2012

      (Newser) - Production limits, not supply, could prompt an oil crisis in less than a decade as efforts to reduce demand and introduce alternative fuels trail growth in the world’s oil needs, the Journal reports. Oil companies currently produce 85 million barrels daily; some experts say they'll hit a wall at 100 million barrels—far below projected world demands, and a recipe for shortages and skyrocketing prices. More »

      Tags

      oil production  • oil supply  • solar energy  • oil refineries  • Exxon  • IEA

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