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World Energy Outlook 2006

image of World Energy Outlook 2006

This 2006 edition of IEA's annual World Energy Outlook presents two visions of the energy future.  Will it be under-invested, vulnerable and dirty, or clean, clever and competitive?  This edition of WEO responds to the remit of the G8 world leaders by mapping a new energy future, contrasting it with where we are now headed. WEO 2006 shows how to change course. It counts the costs and benefits - and the benefits win.

World Energy Outlook 2006 also answers these questions:

  • Is the economic reaction to high energy prices merely delayed?
  • Is oil and gas investment on track?
  • Are the conditions shaping up for a nuclear energy revival?
  • Can biofuels erode the oil  monopoly in road transport?
  • Can 2.5 billion people in developing countries switch to modern energy for cooking?
  • Is Brazil learning new lessons or teaching the world?

With extensive statistics, detailed projections, analysis and advice, WEO 2006 equips policy-makers and the public to re-make the energy future. 

English

Current Trends in Oil and Gas Investment

International Energy Agency

Oil and gas industry investment has surged in recent years. In 2005, investment by the industry reached $340 billion dollars, 70% more than in the year 2000 in nominal terms. However, most of the increase was due to rising materials, equipment and labour costs, especially since 2004. Expressed in cost inflation-adjusted terms, investment in 2005 was only 5% above that in 2000.

English

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