Stories tagged with "africa"

IEA: without Iraqi oil, we'll be in deep trouble by 2015

In a stunning interview for the French (reference) daily Le Monde, Fatih Birol, the chief economist of the International Energy Agency (i.e. the intergovernmental body created after the oil shocks of the 70s to coordinate the West's reaction to energy crises) effectively says that peak oil is just around the corner, and that without Iraqi oil, we'll be in deep trouble by 2015:

Si la production n'augmente pas en Irak de manière exponentielle d'ici à 2015, nous avons un très gros problème, même si l'Arabie saoudite respecte ses engagements. Les chiffres sont très simples, il n'y a pas besoin d'être un expert. If Iraqi production does not rise exponentially by 2015, we have a very big problem, even if Saudi Arabia fulfills all its promises. The numbers are very simple, there's no need to be an expert

And as long as the US occupies Iraq, production will not increase... Houston, we have a problem...

Peak Oil and Senegal

For whom is peak oil the most critical, the developed world of America, Europe and similar or the developing world of sub-Saharan Africa? Clearly the West’s oil consumption, both absolute and per capita is far greater than Africa’s but how will peak oil affect oil availability in the two areas and what will the impact be?

I recently spent a week in Senegal, the most westerly African country. Here I’ll share some observations from Senegal with comparisons made to the UK.

Sunday Open Thread 2

wow, you kids sure are talkative this weekend...good for you!

[editor's note, by Prof. Goose]Here's an article to spur you on: "The era of cheap oil is over," he said. "What then becomes of our ambitions and our dreams to see Africa take the path of harmonious development?"