Some readers remember the infamous May 2021 report by the International Energy Agency (IEA) entitled “Net Zero: Roadmap for the Global Energy Sector” by 2050. The report predicted a roadmap for converting the world’s $300 trillion oil and call-based energy systems into things that run with unreliable, intermittent alternatives like the wind and the sun.
Most educated observers viewed this report as propaganda coming from agents, from the process of transforming it from a historically reliable source of real data and analysis into merely another advocate of the climate warning story. Just a few years later, no one was surprised Fatih Birolthe IEA director publicly boasted that the precise change was the clear mission of the agency today. (Related: David Blackmon: Trump’s Energy Secretary gives a disastrous warning to globalists about the insanity of green energy)
1 aisle The report’s set of recommendations quickly caught everyone’s attention due to its boldness and transparent illogic. In that passage, “There is no need to invest in new fossil fuel supplies in the net zero pathway.”
To reinforce this surprisingly absurd concept, Birol, Interview The Guardian issued the study on release, claiming that “if the government is serious about the climate crisis, there will be no new investments in oil, gas or coal this year.”
It was the moment when a once-respected institution significantly reduced its credibility.
Aggravated the issues with Birol and the IEA, an IEA spokesman urged OPEC to “open Spigots” to OPEC, raising oil production and responding to an increase in global demand that had surpassed agency forecasts as the world recovers from the Covid-19 madness. Three months later, Wood Mackenzie, Rystad and Moody’s had everything issued Research that directly contradicts the IEA’s absurd assessment has called on former President Joe Biden to join U.S. oil producers to drill wells and increase oil.
This kind of inappropriate attitude and self-contradiction occurs when academic companies are consciously hiding in advocacy.
At the last week’s Cerawek meeting in Houston, Birol was once again in conflict. I’ll say it Participants said, “I want to make that clear… I’ll need investments to deal with the decline in existing sectors, especially upstream investment in oil and gas.
This latest impulse to respond to the next new one surprised no one. But it was too bridge for OPEC officials to sit quietly and absorb. March 13th statement Posted on the OPEC website, the cartel reviewed the history of recent contradictions between Birol and the IEA, urging Virol to take a step back and consider the impact it has on future investments.
“Aside from the risk of whiplash that such serious yo-yos can cause between positions, a significant point needs to be emphasized,” OPEC writes. “The world needs to be clearly articulated about the future reality of supply and demand. Institutions that recognize the responsibility arose from providing an analysis of the industry’s long-term perspective are not mixing up positions and stories established on this issue, especially to ensure the security of the oil supply.”
oof. It’s dull, but true. That’s a long postponed dress down, obviously.
Does Birol’s latest shift show the perception that the energy transition it proposed has failed? It’s hard to know. (Related: David Blackmon: Reality finally returns to the energy industry)
Anyway, it would be hard to go back if agencies like the IEA make public decisions to transform from infertility analysis into the realm of advocacy. Aside from the loss of reliability that increased only because Birol was hiding from one position to another and came back again, such a transformation completely changes the culture of the organization. Back now takes time and a lot of systemic pain.
This is where another obvious question arises. Is Fati Billol a suitable person for this job? This is a question that should arise before you lose so much reliability and trust. For the 32 member countries that subscribe to agents and pay their bills, there is no time to decide on the answer.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialised in public policy and communication.
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