http://www.crikey.com.au/2012/11/14/in-a-global-energy-glut-what-next-for-emissions/ now with extra source Mon, 20 May 2013 04:49:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2012/11/14/in-a-global-energy-glut-what-next-for-emissions/comment-page-1/#comment-228121 Limited News Wed, 14 Nov 2012 07:29:26 +0000 http://www.crikey.com.au/?p=330835#comment-228121 Groan... please don't take IEA projections seriously. I don't have time to explain right now though. Groan… please don’t take IEA projections seriously. I don’t have time to explain right now though.

]]> http://www.crikey.com.au/2012/11/14/in-a-global-energy-glut-what-next-for-emissions/comment-page-1/#comment-228097 Karey Wed, 14 Nov 2012 06:06:19 +0000 http://www.crikey.com.au/?p=330835#comment-228097 Gail Tverberg draws on a recent IMF report (The Future of Oil: Geology versus Technology at http://www.imf.org/external/pubs/ft/wp/2012/wp12109.pdf ) to explain why the IEA report uncritically referred to in this article includes both 'unrealistically high forecasts' of oil supply, and unrealistically low forecasts of oil prices. (http://www.businessinsider.com/iea-oil-forecast-unrealistically-high-misses-diminishing-returns-2012-11) The IMF report says prices will need to double in real terms to get even a very small increase in supply. Gail Tverberg draws on a recent IMF report (The Future of Oil: Geology versus Technology at http://www.imf.org/external/pubs/ft/wp/2012/wp12109.pdf ) to explain why the IEA report uncritically referred to in this article includes both ‘unrealistically high forecasts’ of oil supply, and unrealistically low forecasts of oil prices. (http://www.businessinsider.com/iea-oil-forecast-unrealistically-high-misses-diminishing-returns-2012-11) The IMF report says prices will need to double in real terms to get even a very small increase in supply.

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