Iea

From 911Encyclopedia:

International Energy Agency, founded in 1974 as an alternative to OPEC. Based in Paris, IEA is an autonomous agency linked with the Organisation for Economic Co-operation and Development (OECD). The IEA Oil Market Report is the only regular short-term oil industry analysis based on information obtained from the IEA's extensive network of contacts with governments and industry. In their December 2002 summary, they reported on the results on the "strike in Venezuela" (->). (Note: Insiders of Pro-Chavez supporters found out, that the demonstrations on the streets had been partly orchestrated by the SAIC -> and reported this to International Answer ->) The summary concluded, that the global demand growth has been raised by 260 kb/d for the third quarter and 370 kb/d for the fourth quarter, lifting the 2002 growth forecast up by 130 kb/d to 330 kb/d. China is expected to account for nearly 80% of the gain. The growth forecast for 2003 remains unchanged at 1.04 mb/d. http://www.iea.org/about/index.htm http://www.iea.org/omrep/11dec02high.pdf (See Oil)