IEA releases WEO in 'extremely unsettling environment'

11/01/2004
Doris LeblondThe International Energy Agency released the 2004 edition of its World Energy Outlook Oct. 26 in what Executive Director Claude Mandil described as "an extremely unsettling environment" in which "the energy world has lost its bearings."This year's WEO included analyses of high oil prices, the reliability of oil reserves data, and Russia's future as an "energy superpower" and offered an "alternative scenario" for a more sustainable energy world and a "hard look" at energy poverty.While presenting the WEO, Mandil said he was "optimistic" that energy resources are adequate to meet the nearly 60% increase in demand expected between now and 2030. The demand increase amount...
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