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Much attention today focuses on uncertainties affecting the future evolution of oil and natural gas demand, with less consideration given to how the supply picture could develop. However, understanding decline rates – the annual rate at which production declines from existing oil and gas fields – is crucial for assessing the outlook for oil and gas supply and, by extension, for market balances. The International Energy Agency (IEA) has long examined this issue, and a detailed understanding of decline rates is at the heart of IEA modelling and analysis, underpinning the insights provided by the scenarios in the World Energy Outlook. This new report – based on analysis of the production records of around 15 000 oil and gas fields around the world – explores the implications of accelerating decline rates, growing reliance on unconventional resources, and evolving project development patterns for the global oil and gas supply landscape, for energy security and for investment. It also provides regional insights
Larry Page. The name instantly evokes Google. He co-founded the search engine that reshaped how we explore the web. Now, whispers suggest he’s pivoting to AI manufacturing.Two publications lit the match: Tech in Asia and The Hindu. Both allege Page quietly built a team of robotics and data-savvy wizards. The result? A stealthy startup aimed at merging artificial intelligence with factory floors. The company’s identity remains hidden. Yet the words “AI manufacturing” capture attention. Manufacturing is massive, vital, and often riddled with inefficiencies. If Page wants to optimize it, the outcome could be game-changing.
Our rising power finally reached the point where we could destroy ourselves – the first point at which the risks to humanity from within exceeded the risks from the natural world. These extreme risks – high-impact threats with global reach – define our time. They range from global tragedies such as Covid-19, to existential risks which could lead to human extinction. By our estimates – weighing the different probabilities of events ranging from asteroid impact to nuclear war – the likelihood of the world experiencing an existential catastrophe over the next 100 years is one in six. Russian roulette.
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