07.02.2013 - World thirst for energy
As the global economy slowly recovers from the 2008 financial crisis, indicators point to a significant mid- and long-term rise in energy consumption, specifically in oil and natural gas. Despite recent developments in renewable energy resources and the increasing production of hydrocarbon from shale reserves, it looks likely that both consumption and prices will climb higher over the coming decades. The International Energy Agency (IEA) in Paris, in its annual review for 2013, reported that, despite energy efficiency regulations by developed countries, global consumption rates are on the rise...............................................Full Article: Source
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