Topic: Has the IEA dramatically changed its oil production forecasts?
So, is the IEA now saying global production will peak well before 2030? This would be quite a turnround. Last year’s WEO revised total oil production estimate for 2030, including unconventional oil, down by 10m barrels a day. But the 2008 report forecast that total crude oil production will increase through 2030 to 75.2m barrels a day, from 70.2m in 2007.
It doesn’t clarify whether production peaks after 2030, but it does say that production of conventional, onshore crude oil by non OPEC countries would fall from 39.1m in 2007 to 36.3m in 2030.
The full article from the FT here: http://blogs.ft.com/energy-source/2009/ sessments/
