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. 



The Impact of Higher Energy Prices

International Energy Agency

The price of crude oil imported into IEA countries averaged just over $50 per barrel in 2005, almost four times the nominal price in 1998 and twice the 2002 level. Prices continued to rise strongly through to mid- 2006. Real prices paid by most final energy consumers have increased far less than international prices in percentage terms, because of the cushioning effect of taxes and distribution margins and, in some countries, subsidies and a fall in the value of the dollar. We estimate that consumption subsidies in non-OECD countries amount to over $250 billion per year.


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