IEA Issues World Energy Outlook 2012 – Shale Energy the Star
The International Energy Agency (IEA) released its annual World Energy Outlook (WEO) for 2012 yesterday. One of the starring roles in the report goes to unconventional shale gas and oil being produced by the U.S. Among the statements in the report: “The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows.” The report predicts the U.S. will be a natural gas net exporter in eight short years—in 2020.
Below is the press release for the new report which contains a lot of interesting detail. Below we’ve embedded (1) a copy of the executive summary from the report, (2) a copy of the many of the findings in the report in the form of a “fact sheet”, and (3) a copy of PowerPoint slides shown to the press. There are a number of highly interesting slides (see our description below).