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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

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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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