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Between the Poles: IEA projects investment of $48 to $53 OIL AND GAS/ Middle East needs £1 trillion investment in oil and gas sector trillion..LETS HOPE OIL AND GAS IS ON CGG WEB SITE SOON! around $40 trillion (€29.4 trillion) should be spent on energy supply, and the remainder $8 trillion (€5.8 trillion) on energy efficiency. Of the $40 trillion that need be invested in energy supply, $23 trillion (€16.9 trillion) should go towards fossil fuel extraction, transport, and refining. Power generation, and transmission and distribution would gobble up $10 trillion and $7 trillion (€7.3 trillion and €5.1 trillion), respectively. Meeting the world's growing need for energy will require more than $48 trillion in investment !