World Energy Outlook 2006

Paris, France: International Energy Agency, 2006. 2006 Edition. Trade paperback. Good. Slight warping/undulation at bottom half.. 596 p. Some illustrations in color. Each annual publication of the World Energy Outlook provides the basis not only for multi-year trend analysis but also provides a snapshot in time of the then understanding of the energy situation globally, regionally, and in key countries and markets. It is a premier reference work not only for data, but also for the policy perspectives and areas of emphasis at a given point in time. From Wikipedia: "The annual World Energy Outlook is the International Energy Agency's flagship publication and it is widely recognised as the most authoritative energy source for global energy projections and analysis. It represents the leading source for medium to long-term energy market projections, extensive statistics, analysis and advice for both governments and the energy business. It is produced under the direction of Dr. Fatih Birol. Using a Reference Scenario based on no change in current policies, it enables policy-makers to evaluate their current path. The WEO has also developed an alternative scenario that puts the global energy systems on a trajectory to stabilise greenhouse gas emissions in line with limiting the increase in temperature to 2°C. In even-numbered years, WEO presents detailed projections of energy demand, production, trade and investment, fuel by fuel and region by region. It also puts the spotlight on several topical issues: "The World Energy Outlook illustrates the continued dominance of oil for transportation, " said Richard Newell, associate professor of energy and environmental economics at Duke University. "Even as mature economies moderate oil demand through efficiency and biofuels, emerging economies' oil demand for transport grows by almost 50 percent. The bottom line is, like it or not, we should be prepared for price swings at the pump for some time to come." The WEO received numerous awards from governments and energy industry for its analytical excellence." Also from Wikipedia: "The International Energy Agency (IEA; French: Agence internationale de l'énergie) is a Paris-based autonomous intergovernmental organization established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis. The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors. The IEA acts as a policy adviser to its member states, but also works with non-member countries, especially China, India, and Russia. The Agency's mandate has broadened to focus on the "3Es" of effectual energy policy: energy security, economic development, and environmental protection. The latter has focused on mitigating climate change. The IEA has a broad role in promoting alternate energy sources (including renewable energy), rational energy policies, and multinational energy technology co-operation. IEA member countries are required to maintain total oil stock levels equivalent to at least 90 days of the previous year's net imports. At the end of July 2009, IEA member countries held a combined stockpile of almost 4, 300, 000, 000 barrels (680, 000, 000 m3) of oil....The IEA was established to meet the industrial countries' energy organization needs in the wake of the 1973 1974 oil crisis. Although the OECD had structures for dealing with energy questions such as the Council, the Executive Committee, the Oil Committee, and the Energy Committee, it could not respond effectively to the crisis. The OECD had adopted the Oil Apportionment Decision [C(72)201(Final)], laying out procedures to be carried out in the event of an oil supply emergency in Europe, but these procedures were not implemented during the crisis. In addition, the OECD had adopted recommendations on oil stockpiling in Europe. Due to their limited scope, these measures could have only a limited role in an oil supply emergency. Establishment of the new organization was proposed.