NEI Nuclear Notes

The International Energy Agency released its key annual report, World Energy Outlook, today and in it, makes a number of striking forecasts about the profile of energy. And forecast is the right word – the IEA takes the pulse of energy markets as they stand today and projects them out to about 2035. These are not Nostradamus-like predictions of the future. The forecasts vary in detail from year to year, but are useful to policymakers and to those interested in energy-related issues. This year, the IEA report has stirred some controversy. In an indication how “fracking” is reshaping the global energy picture, the International Energy Agency today projected that the United States will overtake Saudi Arabia as the world’s largest oil producer by 2017. And within just three years, the United States will unseat Russia as the largest producer of natural gas. The response to this assertion has been mixed. Rob Wile at Business Insider polled his sources and found a decided la...