36 Burst results for "International Energy Agency"
"international energy agency" Discussed on WBZ NewsRadio 1030
"Fan outside the cask and flag and so don't mess with them at any rate, W B Z Boston's news radio Go to Wall Street. Shall we can't do anything more with that, Andrew. Okay. Is that Bloomberg? I will say the markets today are for the birds. Yeah, they're going down right now. The Dow falling 365 s and P 500 down 40 losses of more than 2% NASDAQ down a little more than a half percent 73 prospect of a covert vaccine on the way. Is not enough to hold back the economic hit. They could be coming again from rising rates of the disease that suggestive comments from the U. S fed at a European Central Bank virtual conference today. Adding to already souring market sentiment. Rapidly rising covert rates were about to slam economies around the world again, and the vaccine's not going to come quickly enough to stop it. That is the way the International Energy Agency put it today that group that advises most major economies on energy policy. Aggressively cutting its forecast for global oil demand by 1.2 million barrels each day for this quarter and says not to expect any big demand boost for the first half of next year, either oil futures falling a percent $41 a barrel and rode a Bloomberg business on WBZ. Boston's NewsRadio trusted for 100 years and once again the number one rated radio station in Boston, according to Nielsen Delanie BZ. Boston's news radio is the cost of finishing the basement..
Fresh update on "international energy agency" discussed on Policy Matters
"Global oil markets are still reeling from the disruptions of the spring especially the ongoing ovid nineteen pandemic. How are oil markets handling this turbulence. What is the situation with other energy sources said just natural gas coal new ables. What impact will biden administration have on the us energy sector and what could much-maligned international. All companies do to regain public trust. I'm joe barnes baker institute fellow and host of policy matters points and perspectives from rice. University's baker institute for public policy. Our guest today is mark. Finley he is the fellow and energy and global oil at rice university's baker institute marquez thirty five years of experience working at the intersections of energy economics pad public policy book mark. Joe thanks for having me you. Could you give me a quick snapshot of the current condition of the international oil market. And what can we expect say. During the next six months. I think i would characterize the global oil market as recovering but not recovered. We have been through the biggest collapse of global oil demand that any of us have lived through matched almost by the biggest coordinated production cuts the world has ever seen. So we're we are right now. Is that demand has recovered significantly from the depths of the decline in april and may when all forms of global travel just ceased completely. But it's still not alway back to where it is a pre pandemic on supply side. We've seen the biggest coordinate. Production cuts ever by opec. Andy cooperating group of producers including russia aided by an extraordinary personal intervention by president trump That has resulted in large and staggeringly successful production cuts. In addition we've seen a sharp collapse driven by market forces and investment here in the united states. The net result of all of this is that The oil market went massively into surplus in the first few months of the pandemic is now back in a deficit that is to say. Global demand is bigger than global supply but At there is still a lot of surplus inventory that had been built up in the early days of the pandemic that still need to be worked off before rebecca normal and prices reflect that they have recovered but they remain well below pre pandemic levels where we go forward what the virus is gonna do. You know. I've said from the beginning of the viruses in the driver's seat and the pace at which the virus spreads through the us and global population and the steps that governments take to manage. That are going to be the key. Drivers of demand going forward It certainly looks like we have a rough winter coming our way. At least here in the united states and in western europe y'know that recovery of global oil demand. That i mentioned earlier seems to have hit the pause. It's not falling again but it isn't groped me a recovering either How quickly will vaccine become available and will people be able to get back to something like normal activities longer term. It's going to be interesting to think. About what impact does the virus have durably. I consumer behavior and government policies. Will people afraid to jump on the subway Or back on an airplane The kinds of things. I'm watching personally though. I think that the us is going to struggle to grow by million barrels. A day hasn't had been Every year in the pre pandemic world the industry is under a lot of financial pressure as investors have soured on The fossil industry at the same time. We're just not seeing the productivity gains that the That that made shale a world changing event Several years ago now as the technology matures the scope for continuing to improve competitiveness by innovating and driving. Down costs is a lot more circumspect. Now than was the case a few years ago when we look at international all markets opec looms large and so does what could be called opec plus which notably includes russia. What are the colonel dynamics at this point within this This grouping of all producers. I think what we're seeing here is absolutely fascinating week. Being two of the three world's biggest oil producers cooperating and success very successfully. As i mentioned the of this group not only has agreed to the biggest cooperative production cuts the world has ever seen. They're actually doing it. As someone who's watched the market for thirty five years i've i've described it as staggeringly good compliance. Because i'm grew up with a cartel that always cheats and has to worry about how it's happening now. Not only do. We have almost perfect compliance. We actually have agreements by countries that had been exceeding their production quotas to pay back to compensate by making even bigger cuts and many of them are doing it. So this is. This is not the opec that i grew up with and partly that's because russia in saudi arabia have found common. Cause here partly is because this is. I think this is not the saudi arabia. That i grew up with now. My colleague jim crane and i have written several pieces on this But i grew up with a saudi arabia that would put up with cheating and kind of quietly jawbone And try to work the back channels now. The king is calling the head of the prime minister of iraq. The you know. The president of nigeria Personally and the job owning them to comply And so it's a much more assertive aggressive engagement. Let's move on to some other sources of energy. Let could you give me a quick rundown on on natural gas and coal and renewable your global stories for most of these but for natural gas. There are two stories because it's a different story in the us and around the world. So let me go without the things that have in common around the world. All the fossil fuels are falling. The international energy agency expects oil natural gas and coal consumption all to fall New ables continue to grow. The renewables are being driven by Improved cost competitiveness but also by a government support and that has left fossil fuels at margin. So let's see here in the united states. The interesting wrinkle is what's happening for. Natural gas are mentioned. That natural gas demand around the world is falling. It's falling in the united states to what's interesting is prices have gone up here in the united states while they've gone down elsewhere around the world since the pandemic broke out. Why would that be the case. It turns out that a big chunk of us natural gas production has very little to do with the economic. Suppressing natural gas. It has everything to do with economics of producing oil. So as oil prices collapsed famously. Went negative in the springtime. Us oil production collapsed and as a result. The production of natural gas that is associated with oil also fell sharply and the result. Was that here in the us. The domestic market supply actually fell faster than demand and prices went up which is kinda counter. Intuitive when you think about the impact the pandemic is having what can the us oil and gas sectors under a.
Spread of Electric Cars Sparks Fights for Control Over Charging
"Talk about the electric vehicle tax credit he proposes because people think electric cars are the ultimate panacea this. Yeah I mean and and you know you live in California. They've just decided they're gonNA fight all the fires with with electric cars in two, thousand, thirty, five, the reality of course. Yes. Electric cars are good I mean if you own a tesla and if you can afford one actually a fun beagle drive, it also cuts some few too but you need to get a sense of proportion. So he's proposing to at least get back seven, thousand, five, hundred dollars per vehicle, and of course, California throws in another two, thousand, five, hundred dollars and there are many other. tidbits fundamentally spending that much money on a vehicle that over its lifetime will cut ten tons of to. You could've bought that reduction in the north east of trading system for sixty bucks spending ten thousand dollars for something you could have bought for sixty bucks but the bad deal why do electric cars only save a little bit of carbon dioxide? So. It's do things partly, you think that each vehicle emit lots and lots of carbon dioxide over its lifetime it'll probably emit somewhere between twenty and thirty tons. So you can't save more than twenty or thirty times. Now, a lot of people then also believe that electric cars essentially serum mission vehicle. That's true when they're driving. But of course, when you charge them, you will typically charge them with electronics. At least partly from fossil fuels, also the battery is not much more energy consumption of it takes a lot more energy to produce. That's why most electric cars actually do not. A break even in their carbon emissions before they've run somewhere between. Fifty and one hundred thousand miles. I've heard the reality game that you'd have to keep your electric car for quite a few years before you hey, off the carbon. Debt of just. Building the battery. Yes and that, and that's true and again we're going to do this better and of course, we'll be to produce these with less intensive energy use and so on. We'll get better this but the fundamental point is this is not what's GonNa solve warming and certainly paying an enormous. For almost no benefit is a really bad idea. The International Energy Agency head told us a couple of years ago. People think electric ours are going to save the planet. They're wrong they. They just sent that that was the quote and the point is, yes, it's GonNa be a tiny bit not very much. Can
What Is The Future Of The Oil Industry?
"Oil, and gas powered a century of economic growth and damaged the planet's climate in the process which leaves the oil and gas industry in an existential panic in the short term, demand is down because of the pandemic in the long term. Well, there are two new reports out offering very different visions of the future NPR's Cumulus Domino ski covers energy and joins us now hi Camilla. Tell us about these two new reports where are they coming from? Yes, so they offer very divergent perspectives and let's start with the idea that oil will come roaring back. This is assuming that once the pandemic is over, someday, it will be over and the economy will recover oil will come back a demand will be there. The developing world is GONNA guzzle more and more of it back to business as usual. This is the view that was laid out by OPEC, cartel of oil exporting countries in their annual report called the Wu. then. Yeah the WOO WOO oil. Then there's different version of the future that was laid out by the International Energy Agency which a very influential group they said maybe that happens, but maybe the world takes action on climate change and if appropriate action is taken, oil demand could start going down and might even have peaked already. So is the main divergence in these two reports the assumptions about whether the world will take climate change seriously and to to slow it down. Yeah. That's the fundamental disagreement in this debate has been around for a long time while the World Act aggressively when will that happen? When will oil peak but right now this pandemic, which is you know we use the word unprecedented so much but something unprecedented has happened. There's a dramatic drop in demand for oil massive job losses across the sector, and that has made some people wonder could something else unprecedented happened? Could this unusual moment lead to an unusual level of action from world? Governments Arrive Faster or are you OPEC and you look at this and say the pandemic is just a blip and we'll be back to normal once it's over I'll note to there's there's one thing that both sides and pretty much everybody agrees on which is that the current pledges, the policies that are in place from world governments now are not enough to keep global warming at the two degrees Celsius that was committed to Paris or to shift the world meaningfully away from relying primarily on oil. So. That would require a huge transition from from what's currently happening or oil companies making those kinds of transitions i? Mean they have to make decisions today based on which one of these two futures they think is the most likely, right? Yeah. Absolutely, and you can see that split playing out a company's just to take two examples Exxon is doubling down on fossil. Fuels predicting a future in which there is still robust demand for gas and they. They'll be there to meet it meanwhile BP formerly British Petroleum they're they're projecting the world might be moving really aggressively and in they want to be there pivoting renewables trying to figure out how to make money money on a world that's transitioning away from their core product Some investors Nicole about so companies right now are placing their bets betting everything on which version of the world they think is more likely. It's hard to imagine any higher stakes here not only the future of those massive companies but like the future of the planet potentially literally I mean Exxon is right on the future is a lot like the present we're. Burning lots of oil which has had the disastrous climate consequences that we see unfolding and if BP and a lot of European super majors are correct. Then governments around the world might penalize carbon emissions, promote renewables. It would mean huge shifts in the energy industry, but it would help prevent the worst impacts for the planet like you said, NPR's Domino Ski. Thank
Coronavirus pandemic to cost Americans $16 trillion, study finds
"It's time to talk business financial analyst and broadcaster Louise Cooper Welcome back new. He's good morning. Every time I talked to you there is another enormous. Enormous, figure that sort of boggles the mind to degree that it didn't boggle the mind last week It's getting worse than the reason why I say this is it's covert again and the cost to everybody's economies the united. States that the number is once again extraordinary and the trump with these numbers are so large you think will, what does that truly mean because I just say large I can't comprehend it. So this is the former US Treasury Secretary Larry Summers coming out with a Harvard. Harvard professor coming out with a number as to what they think. It will cost covid nineteen will cost the US economy and it sixteen trillion dollars as you said, a number so fast, it's incomprehensible. So let's put it into context. So sixteen trillion dollars by the way, it is kind of a guess and hopefully we'll get a vaccine and that will that will put it all behind a sixteen trillion dollars that's almost an entire year. GDP if the economy tire years output of the American economy is almost sixteen trillion dollars, I mean the numbers huge. It's more double more than double what the US suspend on wars since nine eleven, servings, Afghanistan Iraq Syria wherever. So it's a huge number. I guess the number I liked put it into context is it's four times more costly in the global financial crisis. It. Okay. So that's the best number half of it is lost to GDP half of health, and it really does give a sense as to how cataclysmic this event is four times more costly than the global financial crisis and what does this mean as the number gets bigger and bigger and bigger? What does this mean in terms of the longevity of this crisis in coveted coming back round again, it's not going away anytime but the effect that it's having on jobs and lives and employment. Yes, and this is this is. A huge number. What relevance is that the relevant that is to you is that you may lose your job. Your income will go down. The value of your house may go down in my end up in negative equity where your mortgage is larger than than the the the. The the value of your house, it means your children and your grandchildren will be repaying the debt for decades to come it just means. Less wealth less, holidays support. Less going out to eat or even losing your home depending where you are on the income scale I mean it's quite interesting. This morning, we've also had something from the International Energy Agency warning about the the the damage kroner to the oil industry taking dimond taking years to recover years to recover oil domon down about eight percent this year, and by the way again, a bit like Larry. Summers that assumes we get a fax saying the world goes back to normal relative normal next year. So I mean these are still quite optimistic best-case scenarios giving we've heard today there's been another pause from another vaccine I think this was the Johnson and Johnson coronavirus vaccine.
Carmakers rev up electric truck, SUV production
"You, see them everywhere nearly fifty percent of all vehicles sold in the US, our sport utility vehicles the International Energy Agency reports SUV's are second only to electric power for the increase in greenhouse gas emissions in the last decade. But there are a new wave of all electric SUV's and trucks is coming and these new vehicles may be more powerful and boasted longer driving range than many of today's gas-powered SUV's trucks. So, how quickly will high tech these take hold in the next decade Chelsea Sexton is an electric car advocate and consultant hi. Chelsea their quick. Sketch here, how close are we to the next wave of electric vehicles and what will their capabilities be? We're going to start to see more of them in the next year or two obviously things are slightly influx with the pandemic but most of the automakers are still trying to be within a few months of their original targets and we're seeing everything from plug in hybrid jeep wrangler with thirty miles of electric range for around town driving and. Gasoline after that, all the way up to f one, fifty and riven with a few hundred miles of expected range and I'm interested in that F one fifty story because that Ford truck is the top selling truck in America I think there were nine hundred thousand f-series trucks sold last year and I see that they're retooling a factory in Michigan to build the first all electric f one fifty. What do we know about that role? Not very much. We're expecting it late twenty, twenty, one, early twenty, twenty, two something to that effect and they've not released really any specs other than videos of hauling trains and things to try to prove that electric vehicles really do have as much more performance than gasoline trucks, what other electric pickups SUV's Few years I'm watching all of them. There still are some open questions about everyone of them in that most vs today of any model have been sold only in California or the carb states owens have mandates requiring evt's there's not that many vehicles that are available across the country, and that will be a huge thing to prove what the trucks regarding who's serious, and WHO's not. That's an open question for folks like Ford, will they make these things in volume and sell them nationwide and really get behind them with the marketing and dealer support or is this going to be more of what we refer to as a compliance car which is basically Will sell as many as we have to in the places we have to, but not really in it with their hearts well, and part of the answer to that might be consumer attitudes. Right? I mean you helped launch an electric vehicle for GM back in the nineties. Have you seen consumer attitudes change in that time and if they changed enough to bring in the truck SUV drivers ironically that generation in the nineties had more trucks than SUV's in it than than small cars everyone knows the ev one that was the one I was involved in but Chevy and Ford made pickups at the time and Honda and Toyota made small SUV's so it's Sort of feels like we're yanking the automakers back toward where they started. There's still a lot of education that's needed. There are lots of people that are not even aware of electric vehicles, but in part that's because they've never seen one and they've never been available and so people can't buy what they don't know as even possible. So there's a lot of education required on that front but the interesting thing about electric vehicles in general is that it is the only example in the history of the automotive industry in which the industry itself has required demand to predate and continually exceeds supply. What. That sounds like is every time you hear it automaker executive say when we see demand for electric cars will start to build them. So it's always been the market polling for from the automakers versus the automakers trying to build their own market for something. So it's a parallel. Yes. Of course, we need to do more education, but we also need to start building things that people can see our else. They're never going to be aware of them in want to buy one. What about the politics of this? How much do you see that playing into the success of the next generation of truckin SUV models I mean we'll some people just not wanNA drive one because of their political beliefs it's possible however. The irony is that there has always been a fair amount of right wing support for electric vehicles because they use domestic energy, they keep more money in the local economy. We're not sending money overseas before an oil, and so it doesn't always get talked about in this administration because the politics kind of ebb and flow depending on the administration but there is a fair amount of conservative support and they're not just sort of this liberal technology that they're made out to be. So all politics tend to be kind of transient and. I've watched it shift back and forth over the years. So I don't expect the current politics will be permanent But at the same time, this has always been if not politically driven certainly policy driven it is those external incentives and mandates that have helped compel with the advocates and market asking for them electric vehicles for twenty five years, and it will probably remain. So for the next several at least are there any other barriers you see to electric truck an SUV sales? The single biggest barrier today is lack of product. The second biggest is lack of marketing and awareness and education and people not being able to buy what they don't know about and the third biggest dealerships across the board with any EV model if dealers aren't comfortable and wanting to sell vs they're not going to be successful at it, and so we can put billions of dollars into those first two things. But at the end of the day, if someone walks into a Ford dealer in his told well now, you'd really rather have the gasoline f one, fifty, not the electric one that one's Kinda goofy. All of that money and effort is wasted what about the pace of change and I know we're focused on electric vehicles today on the transportation emissions but overall with climate emissions I mean you you live in California you've been watching this for decades. We've got these terrible fires in California and Oregon this week are we moving fast enough now? We're not and that is not a widespread enough opinion yet. But regardless of why they come to the table, the best thing we can do is make more options available and attractive. So it doesn't matter if someone is coming to an AV because of climate change or air pollution or any other reason if they're coming for Torque and horsepower I'm fine with that. The goal is to build more of the table as we have more seats at it not be so concerned about why people come and sit down I'm all about the Torque and horsepower Chelsea, Sexton electric-car advocate and consultant. Thanks so much for sharing your perspective on climate cast today. Thank you for crash your party
Carmakers rev up electric truck, SUV production
"You, see them everywhere nearly fifty percent of all vehicles sold in the US, our sport utility vehicles the International Energy Agency reports SUV's are second only to electric power for the increase in greenhouse gas emissions in the last decade. But there are a new wave of all electric SUV's and trucks is coming and these new vehicles may be more powerful and boasted longer driving range than many of today's gas-powered SUV's trucks. So, how quickly will high tech these take hold in the next decade Chelsea Sexton is an electric car advocate and consultant hi. Chelsea their quick. Sketch here, how close are we to the next wave of electric vehicles and what will their capabilities be? We're going to start to see more of them in the next year or two obviously things are slightly influx with the pandemic but most of the automakers are still trying to be within a few months of their original targets and we're seeing everything from plug in hybrid jeep wrangler with thirty miles of electric range for around town driving and. Gasoline after that, all the way up to f one, fifty and riven with a few hundred miles of expected range and I'm interested in that F one fifty story because that Ford truck is the top selling truck in America I think there were nine hundred thousand f-series trucks sold last year and I see that they're retooling a factory in Michigan to build the first all electric f one fifty. What do we know about that role? Not very much. We're expecting it late twenty, twenty, one, early twenty, twenty, two something to that effect and they've not released really any specs other than videos of hauling trains and things to try to prove that electric vehicles really do have as much more performance than gasoline trucks, what other electric pickups SUV's Few years I'm watching all of them. There still are some open questions about everyone of them in that most vs today of any model have been sold only in California or the carb states owens have mandates requiring evt's there's not that many vehicles that are available across the country, and that will be a huge thing to prove what the trucks regarding who's serious, and WHO's not. That's an open question for folks like Ford, will they make these things in volume and sell them nationwide and really get behind them with the marketing and dealer support or is this going to be more of what we refer to as a compliance car which is basically Will sell as many as we have to in the places we have to, but not really in it with their hearts well, and part of the answer to that might be consumer attitudes. Right? I mean you helped launch an electric vehicle for GM back in the nineties. Have you seen consumer attitudes change in that time and if they changed enough to bring in the truck SUV drivers ironically that generation in the nineties had more trucks than SUV's in it than than small cars everyone knows the ev one that was the one I was involved in but Chevy and Ford made pickups at the time and Honda and Toyota made small SUV's so it's Sort of feels like we're yanking the automakers back toward where they started. There's still a lot of education that's needed. There are lots of people that are not even aware of electric vehicles, but in part that's because they've never seen one and they've never been available and so people can't buy what they don't know as even possible. So there's a lot of education required on that front but the interesting thing about electric vehicles in general is that it is the only example in the history of the automotive industry in which the industry itself has required demand to predate and continually exceeds supply. What. That sounds like is every time you hear it automaker executive say when we see demand for electric cars will start to build them. So it's always been the market polling for from the automakers versus the automakers trying to build their own market for something. So it's a parallel. Yes. Of course, we need to do more education, but we also need to start building things that people can see our else. They're never going to be aware of them in want to buy one. What about the politics of this? How much do you see that playing into the success of the next generation of truckin SUV models I mean we'll some people just not wanNA drive one because of their political beliefs it's possible however. The irony is that there has always been a fair amount of right wing support for electric vehicles because they use domestic energy, they keep more money in the local economy. We're not sending money overseas before an oil, and so it doesn't always get talked about in this administration because the politics kind of ebb and flow depending on the administration but there is a fair amount of conservative support and they're not just sort of this liberal technology that they're made out to be. So all politics tend to be kind of transient and. I've watched it shift back and forth over the years. So I don't expect the current politics will be permanent But at the same time, this has always been if not politically driven certainly policy driven it is those external incentives and mandates that have helped compel with the advocates and market asking for them electric vehicles for twenty five years, and it will probably remain. So for the next several at least are there any other barriers you see to electric truck an SUV sales? The single biggest barrier today is lack of product. The second biggest is lack of marketing and awareness and education and people not being able to buy what they don't know about and the third biggest dealerships across the board with any EV model if dealers aren't comfortable and wanting to sell vs they're not going to be successful at it, and so we can put billions of dollars into those first two things. But at the end of the day, if someone walks into a Ford dealer in his told well now, you'd really rather have the gasoline f one, fifty, not the electric one that one's Kinda goofy. All of that money and effort is wasted
Oil prices rise as demand improves
"Oil is off this morning as the international energy agency increased its oil demand forecasts for twenty twenty has a record supply cuts supported prices right now crude up seventy seven cents a barrel to thirty seven
US stocks sink after another ugly round of jobless claims
"Well as stock futures are wavering here this morning ahead of the release of key economic data including weekly jobless claims are seen rising another three and a half million for last week S. and P. futures are down eighteen points nasdaq down about ten Dow futures are now down one hundred seventy one crude oil prices are bouncing higher that despite a dismal forecast for energy demand this year the international energy agency says energy demand will fall six percent seven times the decline after the two thousand eight global financial crisis but crude futures are ahead two dollars thirty six cents right seventeen forty two a
Coronavirus will trigger biggest ever plunge in energy demand, emissions: IEA
"The corona virus pandemic is delivering the biggest shock to the global energy system in seven decades according to the international energy agency NPR's Jeff Brady reports plunging demand for energy is hitting fossil fuels especially hard global energy demand will fall by six percent this year seven times the decline after the financial crisis ten years ago I E. a projection show oil and gas hit hard but demand for coal falls by an extraordinary eight percent the largest decline since World War two the agency says renewable energy fair as well while among grows much as in the past the IEA projects electricity generation from wind solar and hydro power will increase five percent the agency says all this will reduce harmful greenhouse gas emissions that lead to climate change by almost eight percent the largest annual decrease ever recorded though emissions will rebound in an economic recovery unless countries focus relief packages on boosting clean energy Jeff Brady
Oil prices slump as market faces lowest demand in 25 years amid pandemic
"Now oil prices are sliding this morning crude futures sinking below twenty dollars a barrel after the international energy agency said demand will swell by a record nine million barrels a day this year that despite the historic production cut
Where Do I Start?
"Why do I stopped announced New Day? Welcome to the sustainable futures report for Friday. The twentieth of March against that saying that the big issue is still covered. Nineteen the corona virus. The International Energy Agency the expects the economic fallout to wipe out the world's oil demand growth for the year ahead which should cap the fossil fuel emissions that contribute to the climate crisis but Fawzi Barrel I e as executive director as worn. The outbreak could spell a slowdown in the world's clean energy transition unless governments use green investments to help support economic growth through the global slowdown. There was nothing to celebrate in a likely decline in emissions of my economic crisis because in the absence of the right policies and structural measures. This decline will not be sustainable. He said I'm no expert. All I know is this will govern everything we do for the next weeks months and probably years. The situation is changing by the day. If not by the hour so I'm not going to comment further except to say that I think we will gain valuable lessons. Which will inform our approach to the climate emergency? I'm working on a new presentation on that theme to be Thailand for the individual clients and presented as a live interactive video. The working title is lessons from covered. Nineteen staying in business staying in Prophet and staying. I'll let you know in the trailer is ready. And they will be special tells of patrons who want to use it in that an organization's for the day I'm falling back on cliches. Okay cliches. But the fact that they've survived suggests there might be some truth in them first of all always look on the bright side. There is a bright side. All over the moment dockside is seriously predominant. It'll gradually get brighter because we can be competent that this too will pass but the climate will still be an issue as always the question with the sustainable futures report is where do I saw with so much information. Coming in all quarters. It's difficult to know how to prioritize what to do or to say start with the end in mind is a well known piece of advice. My Aunt my objective is to make people aware of the seriousness of the climate situation. So that we can all urge governments and leaders to take the international action which is the only way to conquer the climate crisis. The same time I bring you. News work being done to meet the challenge on. I also attempt to look at areas where I'm much more action is needed this time. Then the topics. I'm covering into good news and positive climate messages from the mining industry from the EU from the UK's Financial Conduct Authority. Maybe even from Boris Johnson. There's good news to about geothermal energy cutting pollution is a possible end to the throwaway culture list of bodies is even longer commutes committed to their cause. Why trees not the answer threats to sue. The government continued use of fossil fuels. Accelerating ice melt on why wearing clothes can be bad for the environment. Let's start with the bad news. So you've got something to Fullerton. Kaas off a major source of pollution both in terms of emissions of greenhouse gases and all particulars which reduce quality in the UK alone bad air quality causes some fifty thousand premature deaths each year. It's disappointing to learn from a report by the European Court of Auditors that Europeans are reluctant to give up the private. They say Ovo cities are put in place range of initiatives to expand the quality and quantity of transport. There has been no significant reduction in private car usage. This is unsurprising. Given that they found that in many cases it was always quicker to get to the city centre. Calm in the immediate to him. It is going to be even more difficult to persuade people to use public transport while there is a risk of infection in crowded spaces much better to stay locked away in one's own private vehicle. People probably prefer that even if it takes longer to complete the journey through the European structural and investment fund the EU has provided sixteen point three billion euro between two thousand fourteen and twenty twenty to change the way people move in cities but the auditions complained that the money was taken but there was limited. Take up on European Commission guns on how to spend it. Money was being wasted on infected projects. While city plans often lacked coherence for example in Poland the report found parking penalties were lower than finds a not paying public transport fans in also caused rebound from the side of the road but it was still possible to park on the pavement. A senior auditor said congestion. Custody you around. Two hundred. Seventy billion euro per year and that funds provided by Brussels should be more hiking to plans to shift people out of there. 'cause so I'm going to be easy urged to plant trees and it is by far the best way to take co two from the atmosphere of the carbon. At least in theory in reality there are programs in a wide ranging report through the RSP Bay the World Society for the protection of buds by Elliott Crane entitled. Woodland's for five minutes and nature. She describes the complexity of the issue. And I do recommend you go to the link on the blog I look at the report is very complex. Very detail very well. Written trees are a store of carbon but they take many years to grow and require careful management throughout that time trees plotted on peatland degrade that land as a carbon store and released much of the condom in fact removing trees from peatland can have a positive effect on common storage bunning woods energy it releases college. The atmosphere she says unlike burning fossil fuels. This does not increase the amount of atmospheric carbon in the long term however forest-based bioenergy count be considered column neutral because the payback time until the carbon is reabsorbed. Can we very long particularly when living trees are felled for biomass replacing coal or gas with biomass eligibility generation is likely to significantly increase emissions per unit of electricity generated and yet drax power station claims to be one of the greenest sites in Britain and receives massive government? Subsidies on that basis harvested would pronounce can be a continuing store of carbon after they'd been moved from the forest but how dot com says locked up depends on what the proce- used for the British government has pledged to plant thirty million trees per year raising the. Uk's forest cover from thirteen percent to seventeen percent skilled tree planters. Mainly Australians and Canadians are already at work. I'm compliant one sapling every four seconds to four thousand per day. That's the first some twenty-five percent likely to die in the early years on the forest has to be Catholic managed and thinned so the trees can reach their full potential. They not only absorb outside but they also release it through respiration until trees reach maturity the amount they abso- exceeds the amount they emit but once they mature they stole the carbon but they don't add to forest continue to need management because if as simply allowed to decay the trees will die rot on the COB and we'll be released again into the atmosphere. If the timber is harvested the use. That's made it determines how long it continues as a carbon stole see to persists in the atmosphere for up to one hundred years said to be effective. Trays need to lock carbon away for that length of time. Talking to the BBC Professor Ralph McKenzie of the University of Birmingham. Says it will be a disaster. If governments and companies rely on forests to clear a massive carbon pollution. An article in the journal Nature Warns that the rate at which carbon is absorbed by the Amazon forest is in decline at the rate in. The African forest is stable but there are signs up to will decline in the longer term. It's too tempting for people to believe that buying a few trees can make up for flying away on holding things just at work like that. The government's thirty million trees are no substitute for cutting carbon emissions outsource increasing fuel duty which also decided not to do allows weeks. Uk budget would have had any major defect as it happens. Of course the dramatic drop off in flying and all forms of travel having a much greater effect without the need for a scourge
"international energy agency" Discussed on Front Burner
"Tzipora? How do you respond to that? I think one of the main questions for us as a nation is whether we're going to be looking at the economic values and economic value that we're forgoing by not acting not constraining oil and gas. Just look at what. We're spending already across this country on fires and on floods billions of dollars. Imagine if we spent all the money that we spend subsidizing the oil and gas industry which is billions of dollars and spent that money on supporting other industries high-tech cleantech film Agriculture Canada is one of the countries that has a lot of options right now but we are being strangled by this oil and gas conversation and the power of the oil and gas industry and we have to get out from under that. The fact is this is a moment in history that requires leadership and it requires countries to stand up and say yes I recognize and signed off on which our country did the intergovernmental panel on Climate Change report which clearly states that every country in every industry needs to reduce emissions and production of fossil fuels rate. Now if we're going to have any hope of staying under safer. Climate levels are one point five degrees scenario the IPC actually says that production of oil needs to shrink thirty seven percent by twenty thirty and eighty seven percent by twenty fifty so we hear a lot of the industry saying but other countries are producing it and the demand is still there so we should get to produce. I just think that that's morally bankrupt. I think it's like saying you know. Other countries producing heroin for kids. So let's get at it. The the fact we can invoke the cost. That's been paid out in Canada related to What some people will describe to climate change but we can also then also look at the lost value that has Been forgotten by this country. For the last decade by not having built pipelines back when they were originally conceived to be onstream roughly ten years ago and the billions that have been lost in value. That would have come into this country to be deployed however this country would have wanted to for whatever socially appropriate purpose. That might have been so the you know. The actual balance-sheet between the costs related to forest fires versus forgone oil sands production costlier transportation routes through rail etc. Just a piece of CALC. Well you may disagree but the world actually does make a judgment that the reason hydrocarbon demand has persisted is because the cost of substituting is extreme learn wind or now at price parody in most but there is no there is no electrical system in the world that can dispense with hydrocarbons as part of saying. We're going to turn off the taps overnight. What we're saying is this is not the moment to expand and there are many studies and in fact many countries that are using less and less fossil fuels in increasing electrification and renewable energy and for Canada of the economic situation. Which tech referenced is that that project and many projects in the oil sands are only economic if we have a ninety five dollar barrel of oil and as the world uses less and less oil and even the most conservative projections from the International Energy Agency are saying that we're going to use less oil right as the world uses the oil only if massive interventions of which this debate is a demonstration of to constrain the way markets would have resolved how much oil natural gas would have been used in a global over. Canada's is the highest carbon one of the highest carbon and the highest cost. And that's why we've seen so many companies leave the oil sands Shell. Totalwine of left is because market access has been frustrated for ten to twelve years That's not the is absolutely true for Market Access. That's true but it wouldn't be solved with another pipeline. We have a higher cost because this is heavy oil and it costs more oil heaven. The more that we mind the oil fans the more costly it becomes rife and the more pipelines we have more costly becomes because of tolling fees. This is complicated and I think people need to remember the the the question of whether or not the price of oil in the world minus the costs of transportation and production provide an adequate return to the people that are prepared to take that market. Risk is a question that sits in the hands of those who that are taking that risk and when tech would have utilized this permit and when other entities who are observing how this process unfolded would deploy capital to expand existing oil sands production or questions that in my judgment should be left to the private sector and would be left for them to determine when they know they can actually get a permit execute on it and sees that economic.
The promise of renewables in remote Central Africa
"Than half the population of Africa can can rely on just flicking on a switch light or heat or cooking and that also limits technological advances in banking education and healthcare a recent International Energy Agency report says skipping over the fossil fuel heavy grids the most of the rest of the world relies on and turning straight to solar and micro grids or even wind power has real potential for accelerating development particularly in Central African countries. Michael at the University of Pittsburgh Researches Energy Policy Policy and he says that renewable I approach can work with some caveats. I've seen myself attempts to almost helicopter. Drops solar panels in rural areas. And without any kind of local button. This doesn't work very well. Because one challenge for instance is that many people would like like ideally to have access to the great and feel that the smaller systems do not quite provide kind of services. They were hoping for. I think think what really needs to happen is a lot of bottom up involvement from these local communities to tell other people what their needs exactly are so that these can be met met the best and most effective way as possible in your experience. What is an effective installation on maybe a household or village or town level? Just exactly what would that look like. So these needs very quite a bit across very different settings and I think that's precisely why renewable off great technologies are potentially so powerful is we can really use them tailor them to match what people really can use them for. That's the big difference to the grids because the grid rid is one size fits all type of approach right every house here in the US. For instance once you're connected you have about the same type of services that you can use. They're in somebody's countries. It's going to be very helpful to be able to adapt the kind of technology to their financial means and as a result you can really make the best use use of that without having to go through the high costs imposed by extending the grid so obviously some countries like China that makes solar panels see a potential new mark here but other other global economic gains that we could see by the transition to a different type of electrical infrastructure. This has really serious consequences says on how these families these villages how much they can really produce think about any kind of business if you have a small grocery and you WanNa Fridge Ginny power you need artificial lighting to be able to operate after nightfall so I think what is really going to be. The more and more transformative effect of these technologies can come from allowing places that would otherwise be fairly unproductive from an economic standpoint to suddenly really be able to use their potential and they become much more productive. That way Michael. At Clinton University of Pittsburgh the report says the continent of Africa could by twenty forty meet the energy demands of of an economy. That's grown to four times larger than today's but used just fifty percent more energy and now some related links. The report is worth reading. It says Africa is going to become increasingly influential in shaping global energy trends over the next six two decades. And that's because it's undergoing the largest process of urbanization the world's ever seen the number of people. Living in Africa's cities will grow by six hundred with million. That's more than the increase we've seen in China so the energy demand will grow. Brookings also has incredible visuals and a report on Energy Africa which which are worth clicking through to. For example one graph highlights the cost burden of powering a refrigerator for a year as a percentage of GDP per capita in the US like France UK and other developed countries. It's basically zero in Liberia it's forty-nine percent and really it's all those central African African countries at the expensive end of that chart and we just talked about micro grids on marketplace tech earlier this month
Tech to pull existing carbon out of atmosphere is closer, more important than you might think
"One technique for reducing atmospheric greenhouse gas emissions is called carbon capture. But how does it at work and what scale is really needed to make a difference. Brad crabtree is the director for the carbon capture coalition. He joins US today via skype. Hi Brad Hi Paul. Carbon capture one. Oh one what is it and how does it work. So carbon capture is a set of technologies it depends on the industry street but they capture. Co Two that's emitted from industrial facilities power plants and in the future even capturing co two directly from ambient ambient air from the atmosphere. So how much co two can be pulled from these various processes any given project could be you know. One hundred thousand tonnes of theo to up to several million tonnes depends on the technology and from which industry so the technology is there. But what are the costs. That must be a consideration. Well so it depends on on which industry if it's a fairly pure stream of co two like from an ethanol plant the cost of capturing a ton of CO two are less than it costs to reduce a ton of CO two emissions through say wind or solar or even some energy efficiency but then you have other industries like hydrogen production at refineries or capturing co two at steel plants or cement plants and in some cases those costs us could be comparable with say wind energy generation or solar power plants. which is the most expensive form of Co two who captured it would be cost effective when compared to things like say solar with storage depends on the circumstances? The challenges changes that until recently with the tax credit. That was passed last year. You weren't rewarded for reducing co two emissions through carbon capture and that was one of the cost challenges so why not just focus on reducing these emissions sources rather than capturing the carbon well you you want to reduce co two emissions from some key industries. Your only option is to capture the carbon so for example in steel production over over half of the emissions are result of the chemistry of the steel production process. The same is true with manufacturing Portland Cement so the extent that we want steel L. and cement in the modern world and we want to decarbonised those products than we have to be capturing co two from those processes. So what kind of scale are we talking about here. What would be needed needed to approach the Paris climate goals for example? The International Energy Agency has done modelling of what it would take to reduce warming two the two degrees Centigrade by mid century. And what they concluded is that between now and twenty fifty. Fifteen percent of our emissions reductions need to come from carbon and capture invite twenty-fifty twenty percent of our annual reductions. Need to come from these technologies and the strategy for meeting the one point five five degree goal is capturing co two from most of your power plants and industrial facilities in the world today but also then drawing down the levels of C O two who in the atmosphere through direct air capture and things like bioenergy and carbon capture. Let's talk about drawing. Co Two directly out of the atmosphere. What what is the latest technology there? What's the effectiveness? And where is that headed. In the next few years there are three companies in the world that have deployed loyd technology to capture co two ambient air and. They are now deployed at small demonstration scales. But there was recently announcement by carbon urban engineering and Oxy low-carbon ventures which is a division of Occidental Petroleum and they are planning on a million ton direct air capture. What's your project in Texas? And they their goal is to have that project in operation by two thousand twenty two Brad crabtree director of the carbon capture coalition coalition. Thanks so much for joining US via skype on climate cast today. Thank you Paul. It was a great opportunity.
Electric cars will not stop rising oil demand, says energy agency
"More electric cars are being produced wind and solar power of spreading but a report by the international energy agency says our dependence on oil will continue to climb for at least another twenty years selling Dimond fries you visa could negate the environmental benefits of increased use of electric cars and current investment in renewable energy is insufficient to meet the needs of growing populations notably in cities across Asia and Africa this is according to the latest on new long term outlook released from the Paris based international energy agency the world energy outlook is closely watched by the oil industry but is also increasingly important to governments because of its relevance to climate policy the I. E. A. calls for strong leadership from governments to bring it down and
World's thirst for oil to keep growing until 2030s
"Growing demand for SUVs could negate the environmental benefits of increased use of electric cars and current investment in renewable energy is insufficient to meet the needs of growing populations notably in cities across Asia and Africa this is according to the latest on new long term outlook released from the Paris based international energy agency the world energy outlook is closely watched by the oil industry but is also increasingly important to governments because of its relevance to climate policy the I. E. A. calls for strong leadership from governments to bring down emissions I'm sorry I Shockley
To Keep Exports Flowing, Saudi Arabia Looks to Import Oil
"We're going to turn turned back to the attacks that happened over the weekend in Saudi Arabia and we're going to look at just how deeply they've abandoned the global flow of oil. We're reporting this morning. That Saudi is now considering importing oil in order to ensure it can continue to reliably expert oil got that here to explain it. All is Sarah McFarlane. Who's in London so Sarah. Walk me through what you're reporting found. Why are they importing oil so over the weekend. Saudi Arabia had around half of its oil production production knocked out by missiles that equates to around five or six percent of global oil production now. Saudi is a massive export of crude oil the royal you get out of the ground it also Cape some of that crude oil and it refines it into high-value products like diesel which is I used to help generate electricity in Saudi and gasoline which is used for vehicles for transport fuel at the moment. What we're seeing is Saudi. He's really working hard to preserve its crude oil exports and by doing this. It's actually looking to the market. The global market to import more of the products sucks that it normally would refine it so so it's looking to import more diesel for instance than ordinarily it would be at this time of year and second to that. It's also looking to import crude oil. This is really unusual for a country that such a massive supply to the rest of the world of crude oil. It's turn into one of its neighbors Iraq and asked whether they might have capacity to export some crude oil which could then be used to refine into products for Saudi Arabia's domestic markets so for making that diesel in that gasoline. Why is Saudi doing this. Saudi really really wants to preserve its reputation as a reliable crude oil supply to grow global markets. one of the ways it can do this is by trying to maximize is what it can send out in crude oil to the global market at the cost of what it is is actually able to refine locally so instead. It's going to cut back its refining activity and it's instead going to take diesel for instance from the global market rather than making it itself. Is this the first time that Saudi has imported oil in this way. Nari Saudis always imported some products it's more the scale title of what Saudi is looking to import the moment. That's unusual you know this week. Saudi Arabia's state oil company ARAMCO was looking to buy three hundred thousand listen barrels a day of diesel fuel oil and gasoline that is pretty unheard of Saudi to be looking for those kind of volumes games and what about global oil reserves I mean is this something that Saudi Arabia can control on its own or will we need to release some extra shoyer from someplace else so the International Energy Agency overseas a large amount of the global oil reserves and so far they have said that this is not enough of a crisis for them to release those stocks however we have had president president trump in the US authorized the release of some of the US's domestic strategic reserves but at this stage we haven't seen lean him say anything on what volumes he think he thinks it's necessary to release no have we actually seen anything released as yet at the moment. The main thing that we're seeing in terms of Goebel reserves is Saudi Arabia is drawing down its own stock so that's one of the ways that the feeling the gap caused by the the attacks on their facilities on the weekend. They're releasing some of the oil that they already had in storage. So where do we go from here. What's this going to mean for heard the global oil market at least in the short term well at the moment. Saudi Arabia is saying it believes this is a short term issue that by the end of the month it will have a lot of the oil that's been knocked out of the market back online however some analysts more skeptical and feel oh that this could be an issue that takes months to resolve. We don't have a lot of clarity yet on the timeframe for repairs on exactly what the damage don these on who the contract is going to be and how they're going to go about repairing the different facilities that were hit on the weekend so it it really he is white and see at the moment you know. Saudi does sound quite optimistic. At this stage about how quickly they can return to normal not ever on in the market share that optimism
Oil prices fall on worries over demand growth outlook
"War and the decline in world economic growth are weakening the demand for oil according to the international energy agency AP correspondent Charles de Ledesma says it's driven down prices the Paris based agency which advises many developed countries on energy policies this cut is full cost for old among growth this year by north point one million barrels a day to one point one million barrels the twenty twenty one the agency predicts even bigger drop the price of crude has fallen with the international benchmark hitting its lowest since January below fifty seven dollars a barrel the I eat a says tensions in the Persian Gulf west some oil tankers have been attacked of heightened concerns but the biggest impact on the mound comes in trade disputes that the US China one and lower growth globally I'm sure
Researchers Are Trying To Find A Solution To Cut Concrete's Carbon Emissions
"This sounds of summer that time of year when the roads are closed to the sidewalks blocked and the Jack hammers it's being busted report concrete is key to all the just look around the roads we drive to bridges across the buildings we live and work in all of it concrete the world uses more than ten billion tons of the stuff every year it's the foundation of our modern society and that presents a big problem engineered car of salt because cement the key ingredient in concrete is a huge source of carbon dioxide the chief driver climate change a breeze upon the cement you produce a pound of CO two science is a professor of civil engineering and materials science at the university of California Los Angeles is sitting in a loud lab room at UCLA and he says those numbers add up the international energy agency estimates that cement production accounts for about seven percent of the world's total CO two emissions so it's a really big number and one that is only expected to get bigger as the world's population grows cling at exactly what we need to continue society as being on top so what to do well it's hard to imagine the world just gonna stop using concrete that's why I signed and his colleagues are out to make a new type of concrete all together making carbon dioxide part of their formula first the small version project scientist gave cells own is part of science team at UCLA he opens a door into a room humming with lab equipment these are gas owner the bottles zero two and yes it's four six the cylinders of carbon dioxide are here to help
South Korean Dies After Self-Immolation at Japanese Embassy in Seoul
"On a Friday night into Saturday morning and are very busy first hour we're going to get you caught up to date with some of the industry headlines we will then move it over to bill said Dennison is got a very action packed day D. and racing report for you we also have coming up your mega millions numbers we got a hundred and fifty four million dollars and the jackpot tonight take a look at the doppler weather radar not a whole lot of action but mercy well we're in the broiler how good portion of the country I think I read somewhere in the neighborhood of two thirds of the United States suffering from high heat in intense humidity will go through that as well and then well get hooked up with Mister motor co tonight so let's get started on what promises to be a very busy Friday and we appreciate you joining us on America's trucking network and as always on Fridays we like to start with the oil markets the life blood of our economy and both versions of crude rose on Friday after the Iranian revolutionary guard captured a British flag the oil tanker in the strait of Hormozgan what has been viewed by oil traders is just the latest of the aggressions by Iran and escalating in the region causing tensions and increasing oil prices as a matter of fact shortly after this was learned brands when I'm sixty six cents a barrel finishing the week at sixty two dollars and fifty nine cents a barrel W. T. I was up thirty three cents during the course of this past day finishing the week fifty five dollars and sixty three cents per barrel still moderate prices for a barrel of oil considering the tensions in the Gulf we were at sixty Bucks a barrel when this all first started the bubble to the surface in the Middle East and actually we're down a bit from those high levels of a couple of weeks back and the reason why is this the international energy agency issued a report this past week that they do not expect oil prices to rise significantly because demand is slowing as the world economy slows down and there is glides in global crude markets more oil than we have people using causes prices to stabilize and often go down in fact some it oil investors are saying that the oil markets are growing in pre singly bearish not bullish in the meantime on the nation's highways you're going to pay about three dollars and five cents on average at the fuel islands across the nation well despite an administration that has reduced federal regulations in a number of industries regulations seem to be slowly making a comeback in the trucking industry now the last time we were with you we told you about a bipartisan bill introduced in Congress that would bring back the sixty five mile an hour speed limiter is for all trucks and since we were with you last that bill is picked up support in Congress and also is picked up support with an ever increasing number of safety groups a second bill worth watching in Congress is one that would require a significant increase in minimum insurance coverage maybe as much as four point nine million dollars right now it's seven hundred and fifty thousand dollars this same bill would require what a matic emergency brakes on all tracks of the future Aaron did anyone help me gets the story about the medical review board this past week wanting to work their sleep apnea recommendations back into the manual that certified doctors consult when they're giving a truck driver his exam for his medical card that manual by the way is under review right now by the FMCSA and this would be absolutely the perfect time to try to adjust or maybe perhaps sneak those sleep apnea rolls back again to the manual meanwhile the insurance institute for highway safety is the latest group to weigh in on a pilot program to allow non military under twenty one drivers to operate trucks in interstate commerce the I. I. H. S. encouraging the federal motor carrier safety administration to do more homework before turning on in this assignments first the I. I. H. S. believes that the FMCSA should wait for the results of
"international energy agency" Discussed on WBBM Newsradio
"The International Energy Agency projects Anita up to thirty million public chargers globally right now. There are a little more than six hundred thousand around the world with about half of those. China with business at twenty five and fifty five from the Bloomberg newsroom. Steve Potisk, NewsRadio seven eighty zero five point nine FM. Wind is the story this morning around town wind up date on traffic and the weather here for in about a minute. WBZ news time five twenty seven health officials have launched an investigation after two confirmed cases of lumps detected at Indiana University in Bloomington. A university spokesman says to students who are roommates in an off campus apartment contracting, the disease monks, contagious and spread through coughing sneezing. Common symptoms are fever headache and painfully swollen Salvatori glance that can cause puffy cheeks again mumps the problem in university of Indiana, Bloomington. Governor Wisconsin has had two releases full budget this week in education is a big part of it governor wants to allow people without legal permission to be the country the opportunity for in-state tuition and wants to continue to wish in freezing state is also asking for a study to be done to consider new ways for students who refinance. Their school loans newspaper reporter has been disinvited to the Vanity Fair Oscar party following a report saying the party's nominee used to be they wrote about the Vanity Fair Oscars party with title of it was the hottest Oscar party what happened and from that. The New York Times was disinvited from the Sunday night soiree. The story was published Thursday saying the post Oscars bash lost its luster as the most exclusive invite after a host of partnership agreements that make it feel more like a roving billboard, then a party and the two women who wrote the article say the reporter who was to go this year and a photographer got their invites revoke soon after the story went live in revolt. Other media reporters have said they won't be going to stand in solidarity for journalism, Matt piper CBS news. WBZ news time five twenty eight traveling.
"international energy agency" Discussed on KTRH
"David blackman. David welcome to the show. It's another beautiful day in. I couldn't agree with you more. The weather is just superb beautiful beautiful day. Let's jump in to our questions for you. Because there are some pretty interesting questions that have come in as of lately, and I want to jump into that. But I, you know, we had an interesting report from the International Energy Agency this week. So despite reports from the global economy slowing down the International Energy Agency projects that crude oil demand will be even stronger this year than it was last year. So tell me how this works. I don't quite understand. How does this work? Well, you know today interesting projection by these guys are they're usually very very conservative with their growth projections the person of the year, and generally they a mid-year revision in that video revision of last five years has always been upwards because they always have underestimated gross. So the fact that this particular agency, which is at the United Nations. Is is issuing such a strong demand. Demand forecast for two thousand nineteen despite you know, what most observers thing. Is slowing global economy is it says a lot about the relative strength of ongoing week, right? Demand for crude oil, not just the United States, but all over the.
"international energy agency" Discussed on Warm Regards
"There was a handful than the voted for the Waxman Markey Bill, but but for the most part, it was a democratically driven agenda and and one that that didn't generate a lot of support outside of the beltway. I think most of the public was very confused about it really couldn't raptor head around it and so alter it. It failed because it lacked the. Support down in the district level of among constituents of of members of congress. And so that's why we're trying to do this kind of from from the bottom up from constituents driving their members of congress. And here I, I, I wrote about this concept back in two thousand eight when Peter Barnes floated the idea, and it's around for quite a long time, Jim Henson fan of this sport of yours. But I've been writing for quite a access that time of the writing a lot about the questions that come up about how much of gain or actual crime fraud wres- emissions reductions you yet with Harvard pricing and in two thousand nine Copenhagen. The International Energy Agency reports the price to get a price high enough Texas started emissions furs while that's into those nine twenty twenty five point start to see the needle effecting in that. That's on a timescale. That is seems so detached from the level of missions changes. You need that it's me get excited about this model. I don't wanna four call water on all experimentation importing, but I do still feel Jim is never answered question to me. I was relate to the spring. Technological changes would need to have something like like transportation, chief of everybody to utilize as opposed to just buyers. Just does these huge naps. I wanna kind of get your sense of how that argument gifts for. Right? So I, in terms of the technological advances that that we need an and so forth. Yeah. Yeah. You do want to spend money on research and development, but but the private sector can can can definitely come up with the money for that research. If there is the incentive for them, historically while they haven't, they haven't done that because there there is no price on carbon fossil fuels are still cheaper than you know, low-carbon.
"international energy agency" Discussed on KCBS All News
"Than. Three hundred million monthly active users and that's that's the. Number that they give, out Sure show how well, they're doing but many of these account probably most. Of them are either dead on arrival in. That they were deleted literally when they, were, set up because they could their algorithms could tell right away that they were going to be fake or, they've, been dormant for a while so it's not having big. Impact is a lot of people think it might although it's having some impact on the. Strength of the company but on the other hand it when finding out today. From these meetings Twitter has a really strong interest, in wanting to clean up the fact and, create an environment where people can feel, comfortable and if they're a spam and abusers and, things of that nature the rest. Of us are likely to go, away so Twitter really has to clean it up and I know that at, one point Twitter investors were bit concerned about these numbers in Twitter is trying to go out of. Its way to say look this doesn't suggest that we're reaching. Fewer people than we we've been putting out there Well the eight or doing that and be I think, what's most important if human beings feel comfortable on Twitter and. I say that because a, lot of these deleted are not people they're, they're they're just software and deleting spam box is a good thing it makes the the the site more comfortable fruit for. Those of us who actually want to enjoy using it and look, there are people who have left Twitter beginning harassment. Because of the Sajjan because I've just really. Unfortunate ugly stuff and the company is, very, aware of that and working it says and I believe it based on my own interaction with Twitter folks, working, to try to make it a safer and better place. KCBS technology analyst Larry magazine KCBS business and money news update next we're going to check in with Jason he's. The KCBS super micro Intel money desk investors are not putting much money into clean energy sources the International Energy Agency. Says that global investment.
"international energy agency" Discussed on The Economist Radio
"On the program after months of talk the trade wars finally kicked off half hourly go on mini grids the answer to getting like christie to the remotest poorest parts of the world the international energy agency which is the sort of forecaster and chief of these things predicts that between now and twenty thirty most of the rural electrification will be done by many with investment rates of billions of dollars a year eventually and the co working space giant we work is it over valued what do you think about the value of community and collaboration and having employees that are more invasion are happier to go to work that's something not is much bigger than real estate i donald trump arrives in britain on thursday the first visit since he became america's president he'll be coming fresh from a nato summit in brussels and after a round or two of gulf in scotland he will then head to helsinki to me vladimir putin during his travels it's unlikely be able to avoid the controversy generated with his trade tariffs samir canes is our us economic senator samir ever since it looked like donald trump was going to pick trade wars across the world you've been talking about this hero money talks and now it's really started yes on july six donald trump imposed tariffs on many thirty four billion dollars worth of chinese imports and the chinese immediately responded with the same those this amazing moment in the days beforehand where the chinese said oh will we we impose tariffs at midnight because that's what we do and then that was quit because actually chinese midnight is obviously a bit before the americans would have imposed as and and they they they thought about which one would would look worst and they decided that it would really be best to to impose the tariffs after the americans imposed us now the world is watching to see what happens next so both sides have such that there are the things they might put tariffs on is that we're going to see a series of tit for tat retaliations there are a lot of threats that have been flying around the americans maintain that this is not an american unilateralism that the original offense was was from the chinese side so they are the ones who with stealing american technology subsidizing the industry's doing this industrial policy that was to america's detriment so they will claim that they'd have simply in response to that the chinese obviously don't see it like that so they have responded with tariffs of their own but from the american perspective it looks like the chinese have escalated they said well if the chinese hit us back then we will hit that with more tires and a few weeks ago we had a press release from the trump administration saying that we have another sixteen billion dollars worth of goods that could be affected by tariffs that that consulting on now and then after that they've said that they'll hit with two hundred billion dollars motors and even two hundred billion that if the chinese respond and then donald trump i think mentioned three hundred billion rather than two hundred billion i think brings us up to more trade than there actually is going from china to america so we'll see about that but certainly the americans have threatened to take this old away is this really about the bilateral trade deficits between the us and china which is what donald trump has really banged on about in his tweets there are two factions within the trump administration those who are very concerned with the trade deficit and who essentially would see successes as getting rid of the trade deficit and then there are those who actually see the trade deficit is a symptom of an underlying problem which is essentially the result of this competition this economic competition between america and china and the second group seems to be the one that's winning right now because if it really was about the trade deficit then you could imagine some kind of deal whether chinese just agreed to buy more american stuff but we have these tariffs and so it looks like the people who really want structural reform in chinese economy a winning day and and that's that's slightly more alarming in fact than those who are just concerned about the.
"international energy agency" Discussed on Bloomberg Radio New York
"In seoul today meeting with senior korean and japanese officials to discuss the next steps with north korea tomorrow he'll be in beijing well plenty of trade questions expected today when canadian foreign minister christiane freeland appears behind closed doors with the senate foreign relations committee global news twenty four hours a day on air and a tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm nancy lyons thanks nancy now with our other top stories i'm michael barr german foreign minister heiko maas called on the european union to unite and fill the void left by the us drawback from global agreements that have underpinned transatlantic relations for decades moss warns at the post world war two order no longer exists chancellor angela merkel earlier challenge president trump over us services exports to the eu moss in his speech and berlin says the atlantic has gotten wider under president trump us sanctions and economic upheaval may have taken a major toll on the oil market we get the story from bloomberg's patrice sikora in its first detailed forecasts for two thousand nineteen the international energy agency says opec members iran and venezuela could lose almost thirty percent of their oil output next year he says new oil output from outside opec in particular us shale should be enough to cover growth in demand but nations such as saudi arabia may still need to boost output to compensate for lost supply from other members opec meets next week and we'll debate whether to restore production at halted last year bloomberg's patrice sakarov at and t says it will close that's eighty five billion dollar takeover of time warner by next week and the federal judges approval of the deal could lead to a new wave of mergers the judge rejected the trump administration's arguments that the takeover would lead to higher prices for pay tv subscribers tesla's cutting more than three thousand jobs about nine percent of its workforce the firings are taking place as the electric car maker struggles in its first attempt to mass produce a car the model three sedan after a twentyseven year fight with greece macedonia has agreed to.
"international energy agency" Discussed on WBZ NewsRadio 1030
"The international energy agency says tesla's nissan leafs are likely to become a much more common site on the world's roads in the next couple of years with the global fleet of electric vehicles likely to more than tripled to thirteen million by the end of the decade up from three point seven million last year sales could soar twenty four percent each year on average to twenty thirty and by then the i e a estimates about two point five seven million barrels of oil per day won't be needed that's about as much as germany uses each day the findings illustrate the speed at which the world's transportation system is shifting toward cleaner fuels as governments focus on limiting pollution and greenhouse gases tesla and nissan have some of the best known evt's on the road now but major automakers from volkswagen general voters in audi followed suit in announcing dozens of battery powered versions of their models that's the bloomberg green business report i'm bob moon this is stevie filipo and i'm the owner of davos you know some people come to me and say steve did you buy awaken one eighty and i have to laugh i have nothing to do with the ownership i'm just here to help i'm here to inspire you to go there because it's not hard what it's hard is doing it on your own how this all got started people keep asking me how i got to get involved with a week and to weight loss they actually approached me see if i could have a menu at davos because i had a lot of friends and went to the program did really well so i said you know what i need to try the program and see how i'm gonna do well every week i lost weight the next week i lost more weight my body fat started to go down down down now i'm in here saying i lost over thirty pounds my body fat is at eighteen my visceral is at ten i've got an amazing numbers my body right now is a twenty five year olds and i'm fifty seven i'm really proud of that this is dan rae steve ed the same great results i had as had the many people you've heard of wbz as well as though thousands of others now it's your turn awakened weight loss the official weight loss program of the boston red sox four locations or online at awakened one eighty weight loss.
"international energy agency" Discussed on KMOX News Radio 1120
"The lines of one hundred ten million hit the lowest opening film and the dc extended the universe wonder about a child's facial deformity elbc second place followed by thorne ragnar off coming up in the news at the top of the hour on the future of hidden valley ski resort could be decided tonight at a meeting in wildwood kmox news time is five fifty four a molex last thursday some stunning news from the international energy agency the iaea projects that america will account for over eighty percent of the worldwide growth in oil production over the next ten years are not happy about the during the same period the us is expected to produce thirty percent more natural gas than russia to good thing hillary's not in the white house she'd solvable to the russians the head of the eight five t bar rolled told a un climate conference erica will become the undisputed leader of oil and gas production worldwide you catch that the undisputed leader i guarantee you folks of hillary clinton was in the white house upholding the obama legacy issue promise there's no way this milestone to be reached during his eightyear ron obama did ever thing he could to destroy america's oil and gas production to appease the wax double warming crowd into manage america's decline with the american economy in the world economy run energy from fossil fuels wind solar all at other clean boutique stuff that liberals love it can't fulfill anywhere near presentday demands let alone fuel a robust growing.
"international energy agency" Discussed on WMAL 630AM
"The thing is they their narrative the narrative of cnn the narrative of of a lot of people on the left is that president trump is a racist so president trump vice president trump got three black basketball players release from a very dangerous situation the can't give him credit because it early hurts because they feel that he's racist this fact challenges there feeling imagine that israel meeting like really come in okay president trump just got three black players receipt released by china coming back to the united states now how does this fit into the trump is racist story go brian raises his hand he's like well we don't have to say anything specifically but what i can do is ask on the air is this race baiting and it will lead the viewers to think it might be a good idea brian thrive that out where'd you five fifty years el rushbo last thursday some news from the international energy agency the iaea projects that america will account for over eighty percent of the worldwide growth in oil production over the next ten years are not happy about that during the same period the us is expected to produce thirty percent more natural gas than russia to good thing hillary's not in the white house she'd solvable or the russians the head of the iaea five t burt role told a un climate conference of america will become the undisputed leader of oil and gas production worldwide did you catch staff the undisputed leader i guarantee you fox of hillary clinton was in the white house upholding the obama legacy issue promise there's no wade this milestone to be reached during his eightyear ron obama did everything he could to destroy america's oil and gas production to appease the wacko global warming crowd into manage america's decline with the american economy in the world economy run on energy from fossil fuels wind solar all other clean boutique stuff that liberals love it can't fulfill anywhere near presentday demands let alone fuel a robust growing economy that's why america raining as the undisputed leader of a real energy production matters it means we're coming back like a rocket and it wouldn't have happened if trump had not won general all round good gosh noon to three now one of five.
"international energy agency" Discussed on KVNT Valley News Talk
"Welcome back to the lars larson show we're live in the east room of the white house and washington dc and sitting in front of me is the secretary of energy secretary rick perry are you own a sector lars things are going well we're just back from a major trip over to africa oil we going to be leaving next week for europe for the international energy agency what happened in jail no over the last ten years america has become the leader in the energy space and you're my home state of texas had a great deal to do with that not only because of george mitchell who is the developer of hydraulic fracturing but also because a directional drilling and you know god has given us these resources and in america is is used them now we've got a president united states it understands that that if america's energy resources are one of the most powerful tool also for american diplomacy in the world and so the geopolitics of of what's happened in the last few years is is fascinating particularly with this change of administration a president who is very much a pro all of the above he's he's not pick in one over the other it's like get out there and develop the energy resources that we have whether it's oil and gas whether its nuclear whether it's cold weather it's the renewables and and sell it and create a climate were manufacturing we'll come back into this country but there is a reasonable and and a reliable supply of energy i mean what presidents do an honest tax cuts directly plays into the the whole energy field because b o he announced today a company coming back from uh over in the far east of big manufacturing concern that's exactly what we sean texas oh arague got where i brought cup yes sir that's exactly what we saw in texas home week put tax policy and a place that allowed you to keep more of what you work for a regulatory climate there was fair predictable yet legal system it doesn't allow for over suing in a skilled workforce and your academy will explode that's what this presence the knows and also suggest you this tax goes into effect with our energy.
"international energy agency" Discussed on Bloomberg Radio New York
"As a former analyst with the international energy agency of the i eat a facts global angie president jeff kenna they could extend these curves to the end the 2018 as we've been hearing from the russian president but really we didn't do anything to lift lugo prices as they wish the way we look at it there they have no choice if they don't extend and they somehow put another one million barrels a day crossing the market you could see though or prices dropped back down into the thirty secret as long as they keep doing what they've been going and keep rolling over week could see prices stay in this 50th type pf range outs her eighteen but we don't see any big improvement in sight and again if they if they let it go then it really really could drop what we have here is a situation where we've got confidence that the oil price will be maintained at about this level is that what it's all about a lot of our reasonably comfortable when we get up around sixty everyone seems to be pretty happy and there's a lot of forces nick keep prices in the 50 to 60 tight range of course opec would like can make a little above sixty but when you when you drop below fifty is see us producers start to slow down their activities if he go above sixty than all the us producers start the hedge and you see a lot of activity pickup hear more interviews like this one on bloomberg television streaming live on bloombergcom and on the bloomberg mobile app or check your local cable listings global business news 24 hours a day bloombergcom the radio mobile app and on your radio freeze bloomberg business flash greg jarrett stocks are higher and.
"international energy agency" Discussed on AP News
"A competent solar energy was the fastest growing source of power last year across the globe according to a new report the international energy agency or i e as says the rise was due to a booming photovoltaic panel installations particularly in china thanks to a drop in costs in greater support from governments the iaea says solar panels capacity grew fifty percent globally in 2016 with china accounting for almost half the expansion china's become a leader in renewable energy production with the united states the secondlargest market for the first time solar energy growth surpasses any other fuel as a source of power who is adding to the number of those affected by a databreach last year ap's wore levinson reports the company now says data was stolen from all of its users account yahu estimated last year that a third of its threebillion accounts worldwide had been compromised by hackers in 2013 in 2014 now it has updated that number it says all three billion accounts were hacked hackers got phone numbers birth dates and passwords the stolen information did not include payment card data or bank account information who says it discovered the additional theft is it was integrating its systems to merge with for rising the telephone giant acquired the internet pioneer in june for four and a half billion dollars a price price that was cut after the original hack was disclosed warren levinson new york the utility company blamed for safety lapses and japan's fukushima nuclear plant meltdowns has received its first approvals to operate reactors under stricter standards the nuclear regulation authorities that the two reactors in northern japan met the new standards after steps were taken by tokyo electric power company or tepco many people still oppose restarting the reactors because of concerns about tepco's safety records.
"international energy agency" Discussed on AP News
"The globe according to a new report the international energy agency or i e as says the rise was due to a booming photovoltaic panel installations particularly in china thanks to a drop in costs in greater support from governments the iaea says solar panels capacity grew fifty percent globally in 2016 with china accounting for almost half the expansion china's become a leader in renewable energy production with the united states the secondlargest market for the first time solar energy growth surpasses any other fuel as the source of power the girlfriend of the las vegas government is back in the us from the philippines ap's of donahue reports mary lou dimly sisters were surprised when she travelled there two weeks ago the women feel their sister may be the only one who knows why steven paddock did what he did at the top more ondemand into can made the how the sisters have there faces obscured they were not identified in an interview with seven news than australia's on how away so that could canton what his bribery without interruptions and that's hands a ten km poor scoring missus thus lie but but one with the compensate bow the night people might be described their sister as a good person who would have stopped patrick if she was still in las vegas i'm ed donahue billy jean king has a bone to pick with her fellow white women ap correspondent worn levinson reports tennis legend billie jean king says progress is being made toward equality but not everywhere i'm really upset with unless that were for white woman that bottle mr trump i think they really don't like themselves king who led the 1970s fight for equal purses for male and female tennis professionals says there's more misogyny now than there used to be but she is optimistic younger people will change that she hopes the new movie that depict her famous 1973 match against bobby riggs will help move the country in that.
"international energy agency" Discussed on Bloomberg Radio New York
"On bloomberg surveillance now let's talk oil let's talk about the i ain't report global oil demand will climb this here by the most since two thousand fifteen as according to the international energy agency ellen its latest report the i increased the estimate for demand growth by 2017 by one point seven percent now this comes amid strongerthanexpected consumption in europe but also the us but also said the impact of hurricane harvey on global markets is likely to be relatively shortlived or we're joined by atkinson iit's head of oil industry and markets division in paris neil coolray tag on the program as always there's a lot of speculation and there's a lot of rumors good morning to you about what opec will do next with its allies well they will extend production cuts or not what are you expecting at of opec in november but i don't want to add to speculation in rumor because quite frankly it's up to affect to decide what strategy they adopt that targets by having their output cuts has been to rebalance the market and that is happening gradually and slowly perhaps a little more slowly than they might have light absolute most 'love' the most people expected but it is happening and any decision to defer nor extend the current output cut agreement is for them and we'll have to wait and see what they do hear more interviews like this one on bloomberg television streaming live on bloombergcom and on the bloomberg mobile app or check your local cable listings global business news 24 hours a day on bloombergcom the radio mobile app and on your.
"international energy agency" Discussed on WGN Radio
"And the international energy agency publishes the annual world energy investment report also today senators club hr in durban a will hold a news conference on the presidential advisory commission on election integrity number of states obviously fighting some of the efforts by the trump administration to gain voter data from each of those states say you'll and i said duran and clova charur holding that news conference the senate intelligence since committee holds a closed session meeting and the two remaining candidates cities to host the 2024 olympic summer olympic games los angeles and paris are to hold a briefing for the members of the international olympic committee and international federations in luzon switzerland some of the things that could move the markets on this tuesday july eleven that's the opening bell for today police joyce again tomorrow morning bright nearly had 508 he'll then i'm steve grzanich have a great day yalla's tv shows you want to say the aliens are among us now there's an expert who says he isn't that lovely if your disappointed by hanoi ladders and south sanders they're playing baseball how 'bout firefighters in camps we got the details about the lack izing veggie gummy way for forty blackouts convention tickets with rotan an antidote onesies this afternoon at three on seven twenty them let's terrace precious moments waiting donald re to my belittling that's why i am so great the lane system i examine when i noticed him say struggling with the words on the page we found out dad has agerelated macular degeneration or amd luckily the doctor cotti in time for treatment said data can.