Let’s start with the bad news. The Department of Energy’s (DOE) Energy Information Administration (EIA) has… pushed… the publication of their International Energy Outlook (IEO) to… October! What will I do? (Oh, yeah–get back to analyzing their report on U.S. energy…)
The good news is a bit more important. The DOE EIA has forecast global GDP through 2040. They say it will rise from 2014’s total GDP of $80 million to a whopping $200 million by 2040. I hope I get a piece of it.
If true, that would mean that the part of Asia that is not part of the OECD, which will see its GDP quadruple from $23 to $85 trillion, may well have enough wealth to spend on environmental safeguards. With a little left over for some toys…
Do you know if the CIA told them the truth about Saudi, Kuwaiti, and Iraqi oil reserves? There’s so little communication amongst government departments….
Given that I doubt the Saudis,Kuwaitis or Iraqis have a decent idea about their reserves, I doubt if the CIA does either.
Can you share *the truth* of those reserves with us?