New IEA Report: Worldwide Investment in Energy Dropped 8% in 2015

ieaThe International Energy Agency (IEA) is a European run and influence group of 29 countries that fervently believe the sky is falling, and that Mom Earth is toasting. Yep, global warmists. According to the IEA, the group is “an autonomous organisation which works to ensure reliable, affordable and clean energy for its 29 member countries and beyond. The IEA has four main areas of focus: energy security, economic development, environmental awareness and engagement worldwide.” Er, ah, right. That makes it plain as day. Anyhow, the socialist IEA has no problem charging a king’s ransom for the reports they periodically issue. Last November the IEA issued their annual World Energy Outlook, predicting the world will see $80/barrel oil by 2020 (see IEA World Energy Outlook Predicts $80 Oil by 2020). ***Children! Please stop your laughing! Some people still believe in peak oil theory and it’s not nice to make fun of them!*** Back to center. The IEA has just published another new report–this one the first annual World Energy Investment report. As the authors point out: The “lifeblood” of the global energy system is…investment. That is, money. Without it, new sources of energy don’t appear. The IEA’s report says in 2015 global investment in energy went down 8% over 2014 levels. But for IEA there was good news in the bad news–almost all of the drop was in fossil fuel investment, whereas investments in so-called renewable sources of energy continued to increase last year. So says the IEA…

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