On Wednesday the International Energy Agency will release the 2011 edition of the World Energy Outlook. Some energy investment figures from the new IEA report have already been made available though – including a proposed 10 trillion dollar investment in oil production, which would be required between now and the year 2035.

The energy figures were made public during a speech by IEA Chief Economist Fatih Birol at last week’s G20 summit in Cannes.

Birol states we need such oil investments to meet the world’s growing energy demands [with the side effect of making certain Latin American regimes very happy - and certain Arabian regimes 'still 60 percent' happy].

The average Earthling will have to pay up for the oil production though. Being with 7 billion makes for an easy calculation: 1429 dollars per capita. Of course after that you won’t get any free oil – no matter how high the investments prices at the gas station will keep rising over decades to come.

Reuters