Page added on September 19, 2005
Le Monde reveals today that the IEA (International Energy Agency), the official energy watchdog for the Western countries, will announce in its yearly report, due to be published on 7 November, that non-OPEC oil will peak around 2010 and that we should all get ready to make serious efforts to lower our consumption.
Conventional oil will start declining, but the West may still see a stable production profile for some additional time if enough investment is made into non-conventional oil (shale oil, oil sands). Otherwise it will see a steep decline.
The upcoming report is said to adapt as a mantra a much tougher message: “Save energy. Save oil. Diversify. Get out of oil!”
Daily Kos
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