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Global energy market in middle of huge upheaval, IEA says

Posted on 13 November 2013

The International Energy Agency has said the fuel map of the globe is changing rapidly on a vast upheaval of energy markets. It forecast widening regional differences in energy costs, with an impact on competitiveness.
In its global energy demand outlook, the IEA said Tuesday that new reserves of fossil fuels, notably resources of shale in the US and Canada, would compensate for the decline of existing conventional gas and oil fields, raising the competitiveness of nations which used them………………………………………..Full Article: Source


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