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Commodities Briefing - Categorized | Energy, Investment, Oil more

Oil and gas investment crucial – IEA

Posted on 02 December 2009

From Petroleum-economist.com: The International Energy Agency (IEA) has stressed that the need for significant investment in oil and gas will not change even if a comprehensive climate-change agreement is reached at UN climate-change talks in Copenhagen this month.

Launching its World Energy Outlook 2009 (WEO 09) in November, the agency said the world needs to tap oil reserves equivalent to four times those of Saudi Arabia just to maintain production at 2008 levels and in the case of gas, four new Russias would be needed……………………………Full Article: Source

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