Fatih Birol
Fatih Birol
Fatih Birolis a Turkish economist and energy expert, who has been the Executive Director of the International Energy Agencysince 1 September 2015. He previously served as the Chief Economist and Director of Global Energy Economics at the IEA in Paris...
investment rocks
It's not about rocks or about reserves, it's about investment policy.
economic global growth higher oil sufficient timely
If investments do not come in a timely and sufficient manner, there will be higher oil prices, and global economic growth will suffer.
arabia boost capital domestic increase influence might oil price reserves
Saudi Arabia has the oil reserves and the domestic capital to boost their production. But they might not want to increase their investments to boost production. They may want to influence the world price environment.
business investment issue oil reserves today
The issue in the oil business today is not the reserves but the money, the investment decisions, the investment climate.
simple iraq chinese
If production does not increase in Iraq in an exponential way between now and 2015, we have a very big problem, even if Saudi Arabia meets its obligations. The figures are very simple, you do not need to be an expert. It is enough to know how to do a subtraction. China will grow very quickly, India also, and even Saudi Arabia projections of the 3 Mb/day will not be enough to meet the rise of Chinese demand.