IEA World Energy Outlook 2011: ‘we need to invest 10,000,000,000,000 dollars in oil’

Posted on November 7, 2011 by Rolf Schuttenhelm

On Wednesday the International Energy Agency will release the 2011 edition of the World Energy Outlook. Some energy investment figures from the new IEA report have already been made available though – including a proposed 10 trillion dollar investment in … Continue reading →

Saudi proven oil reserves no longer world’s largest – Latin American proven reserves grow 400 percent in 4 years

Posted on July 18, 2011 by Rolf Schuttenhelm

According to a release by Latin American Energy Organisation OLADE last Thursday Venezuela has toppled Saudi Arabia as the country with the largest proven oil reserves. New discoveries have raised the proven reserves of Venezuela from 98 billion barrels of … Continue reading →

Just 565 Gt CO2 to go till 2050 under 450 Scenario – 80% proven fossil fuel reserves should remain untouched

Posted on July 15, 2011 by Rolf Schuttenhelm

In order to limit global warming to an average of no more than 2 degrees Celsius, the official UN climate target, the equivalent of 2230 gigatonnes CO2 of proven fossil fuel reserves should remain in the ground, a report published … Continue reading →

Saudi Arabia may have 40 percent less oil

Posted on February 8, 2011 by Rolf Schuttenhelm

Peak Coal in 2030, or 2020

Posted on November 22, 2010 by Rolf Schuttenhelm

According to ‘The End of Cheap Coal’ in last weeks edition of Nature, outdated reserve estimates and economic forces will lead to a peak in coal production within two decades. Ambitious geopolitics are still left out of that equation, which … Continue reading →

Alaska test drills show (over) 90% less oil

Posted on October 28, 2010 by Rolf Schuttenhelm

An update by the US Geological Survey of the estimated fossil fuel reserves in Alaska’s 23-million-acre National Petroleum Reserve, situated on the wildlife harbouring North Slope, shows these dramatically reduced.

Bits of Science

Tag Archives: energy reserves