The IEA also revised its 2011 oil demand projections upward by 0.2 million barrels per day.
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By 2020, the IEA projects that the US will be a net exporter of natural gas.
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We are in regular consultation with the IEA as well as with oil-producing states.
One with impressive credentials is the Institute of Economic Affairs (IEA), which organized the presidential debates.
The IEA notes that OECD industry stocks declined 9.2 million barrels to 2, 643 million barrels.
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Ian Hore-Lacy, director of public communications for the World Nuclear Association, welcomed the IEA's report.
He chaired the International Association for the Evaluation of Educational Achievement (IEA) from 1999 to 2004.
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On a global scale, this is the third time IEA member-country stocks have been used.
IEA's otherwise comprehensive analysis falls strangely silent on this topic, doubtless for political reasons.
However, the IEA said that Opec may come under pressure next year to boost supply.
The IEA's likely opposition points to why Mr Obama should leave the SPR alone.
The IEA and the European Commission are working to promote market improvements, greater flexibility, diversification and investment.
That would be enough, the IEA calculates, to displace 40 years of gas imports at current levels.
But we are in touch with the IEA and oil-producing countries about the developments in the market.
The IEA estimates that such measures would add 7% to the cost of the average shale-gas well.
Oil supplies from IEA member countries should begin hitting the market around the end of next week.
Would this IEA action not discourage Saudi Arabia and other willing OPEC members from increasing oil production?
"Total oil production is about to rise, " Fatih Birol, chief economist at the IEA, told the BBC.
This announcement by the IEA is much better for long term oil prices than anyone is letting on.
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Interestingly, while not overtly near-term market-sensitive, a shocker study was released by the International Energy Agency (IEA) Monday.
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Today, the IEA estimates that that has dropped to somewhere between 1.2 and 1.8 million barrels a day.
The use of IEA strategic stocks now will help bridge the gap until these new supplies are available.
The IEA is prepared to act when there is a significant supply disruption or an imminent threat thereof.
But the IEA portends this sort of growth only if certain stars align.
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The two previous emergency IEA actions, in 1991 and 2005, each accounted for less than 7% of world demand.
The IEA recommends that government policies internalize externalities and invest in renewable energy technology research to balance the economic scales.
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The code has been submitted to the International Energy Agency (IEA) and the International Geothermal Association for review and endorsement.
The IEA stands ready to work with its member governments and others to help ensure that markets are well supplied.
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The IEA also raised its forecast for global oil demand this year on the back of Chinese and US demand.
As a result, the IEA predicts the US will become "all but self-sufficient" in its energy needs by around 2035.
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