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.
cut deal oil robust
The oil infrastructure is robust enough to deal with a 5% cut in supply.
change climate security supply worried
Security of supply and climate change are what we are worried about. We think security of supply will be a big problem.
call countries europe happened leaving nuclear russia thinking ukraine
What happened between Russia and the Ukraine will be an important wakeup call for Europe and countries that were thinking of leaving nuclear aside.
gasoline general supply throughout united worried
We are worried about supply in general throughout the world and particularly of gasoline and particularly in the United States.
running mean order
We are on the brink of a new energy order. Over the next few decades, our reserves of oil will start to run out and it is imperative that governments in both producing and consuming nations prepare now for that time. We should not cling to crude down to the last drop – we should leave oil before it leaves us. That means new approaches must be found soon..... The really important thing is that even though we are not yet running out of oil, we are running out of time.
running believe sea
There are many disturbing news. We believe that the production of conventional petroleum reached peak oil already in 2006. The oil fields in the North Sea and the US are collapsing ... time is running out.
years data track
We are on track for a 3.5 deg C rise by 2040 (i.e. 4.2 deg C relative to pre-industrial)... When I look at this data, the trend is perfectly in line with a temperature increase of 6 degrees Celsius, which would have devastating consequences for the planet. We have 5 years to change the energy system, or have it changed
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.
fuel subsidies fossils
Just 8% of the $409bn spent on fossil-fuel subsidies in 2010 went to the poorest 20% of the population.
business healthy suffering
Energy markets can be thought of as suffering from appendicitis due to fossil fuel subsidies. They need to be removed for a healthy energy economy.