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world energy outlook: rising energy prices weaken growth

On 9 November 2010 the World Energy Outlook 2010 published by the IEA. Some of the graphics presentation are worrying:

1. Conventional oil production reached the top 2006th Conventional oil can be pumped easily and at low cost from the ground. Unconventional oil is extracted from oil sands or pumped from the deep sea, the production costs are correspondingly high and the proportion is small.
   
   to get around the present level of production are, therefore, new conventional oil fields to explore and open up. Since this happened to a large extent, I must wonder where these oil fields to come suddenly.
   
   
2. The next graph shows the change in energy consumption. While the IEA assumes that emerging economies will consume more coal and gas ... goes ... it from a significant decrease in the oil and coal consumption in developed countries. So you can not rumdüsen with your beautiful, heavy cars. Unfortunately, this is no longer in it, as the oil now comes to China, sorry!
   
   
3. So we can assume with great certainty that represent increases below massive understatements, especially as the IEA believes that the policy could screw down the oil prices. One remembers the political "success" of the various climate summit.
   

It seems that the IEA is playing down future price increases for political reasons. More details on the IEA's Repot in this blog .
One can probably assume that the future economic growth is reduced by rising energy prices.