The effect [of the hurricanes] on the supply side may be long-lasting and continue into 2006. |
The IEA member countries will exercise flexibility in re-establishing their emergency stock levels through 2006, noting the need to take into account seasonal demand and the possibility of higher than expected refinery maintenance. |
The IEA member countries will exercise flexibility in re-establishing their emergency stock levels through 2006, noting the need to take into account seasonal demand and the possibility of higher than expected refinery maintenance. |
The IEA would be able to compensate for an absence of Iranian exports for many months. |
The impact of hurricanes Katrina and Rita has been successfully addressed. |
The increase in emissions from China alone will exceed the increase in all the OECD countries and Russia combined. |
The market is perfectly well supplied at the moment but spare capacity is very limited. |
The market will remain tight in the next three years. Upstream and downstream capacity is not enough. |
The review was needed anyway as there are four refineries still shut. But on the other hand, the market has reacted well to Katrina, with flexibility. |
The risk of an embargo on Iranian oil ... is not a constraint. |
There is insufficient capacity there and there is a problem with conversion capacity. |
There was a wake-up call. |
These projected trends have important implications and lead to a future that is not sustainable from an energy-security or environmental perspective, |
These projected trends have important implications and lead to a future that is not sustainable, ... We must change these outcomes and get the planet on to a sustainable energy path. |
This is likely to continue as demand for power grows mainly in the developing economies. But coal must remain competitively priced, especially as pollution abatement costs increase as carbon emission plans increase, |