---

http://www.bloomberg.com/apps/news?pid=20601087&sid=av7.YNnejfag&refer=home
World Faces Oil `Supply Crunch' After 2010, IEA(International Energy Agency) Says

The world faces an oil ``supply crunch'' after 2010
because demand will outpace the growth in production from non-OPEC
countries, according to the International Energy Agency.

Output growth outside of the Organization of Petroleum Exporting Countries,
led by Russia and Brazil, will be countered by a decline in Europe, the Paris-based
agency said in a report today. That shrinks the cushion of excess capacity that
OPEC members such as Saudi Arabia provide, the agency said.

"Despite four years of high oil prices, this report sees increasing market tightness
beyond 2010, with OPEC spare capacity declining to minimal levels by 2012,'' the IEA
said in its Medium-Term Oil Market Report, which is published every six months.
"Low OPEC spare capacity and slow non-OPEC production growth are of significant concern.''

Global oil demand is forecast to expand by 1.9 million barrels a day, or 2.2 percent a
year on average, reaching 95.8 million barrels a day by 2012, the IEA said. The fastest
growth will occur in Asia and the Middle East, it said. Brent crude oil futures prices have
averaged $64.11 a barrel so far this year, down from an average $66.11 last year and $55.25 in 2005.


Jan Rasmussen
http://en.wikipedia.org/wiki/Peak_oil

---

Jan Rasmussen <1@2.3> wrote:

> http://www.bloomberg.com/apps/news?pid=20601087&sid=av7.YNnejfag&refer=hom
> e World Faces Oil `Supply Crunch' After 2010, IEA(International Energy
> Agency) Says
>
> The world faces an oil ``supply crunch'' after 2010 because demand will
> outpace the growth in production from non-OPEC countries, according to the
> International Energy Agency.
>
> Output growth outside of the Organization of Petroleum Exporting
> Countries, led by Russia and Brazil, will be countered by a decline in
> Europe, the Paris-based agency said in a report today. That shrinks the
> cushion of excess capacity that OPEC members such as Saudi Arabia provide,
> the agency said.
>
> "Despite four years of high oil prices, this report sees increasing market
> tightness beyond 2010, with OPEC spare capacity declining to minimal
> levels by 2012,'' the IEA said in its Medium-Term Oil Market Report, which
> is published every six months. "Low OPEC spare capacity and slow non-OPEC
> production growth are of significant concern.''
>
> Global oil demand is forecast to expand by 1.9 million barrels a day, or
> 2.2 percent a year on average, reaching 95.8 million barrels a day by
> 2012, the IEA said. The fastest growth will occur in Asia and the Middle
> East, it said. Brent crude oil futures prices have averaged $64.11 a
> barrel so far this year, down from an average $66.11 last year and $55.25
> in 2005.
>
>
> Jan Rasmussen http://en.wikipedia.org/wiki/Peak_oil

Peak Oil-teoretikerne har påstået at olieproduktionen topper i år, 2007.
Det er også blevet påstået at benzinpriserne ville gå væsntligt op her
til sommer, så højt som 12 kroner pr liter.

Indtil videre er det ikke sket, men lad os nu se hvor det bærer hen ad.

-- regards , Peter B. P. http://titancity.com/blog , http://macplanet.dk

"We don't dial 911 - we dial .357".