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Commodities Briefing - Categorized | Energy, Oil more

Coal to challenge oil’s dominance by 2017, says IEA

Posted on 19 December 2012

Agency predicts further rise in coal use due to fall in price and failing EU emissions trading scheme, threatening green targets. Coal is likely to rival oil as the world’s biggest source of energy in the next five years, with potentially disastrous consequences for the climate, according to the world’s leading authority on energy economics.
One of the biggest factors behind the rise in coal use has been the massive increase in the use of shale gas in the US………………………………………..Full Article: Source


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