| Oil’s share of the global energy mix grew in 2015, the International Energy Agency said Wednesday, as new investment in oil and gas production and exploration fell for the second straight year.
In its annual report on global energy investment, the Paris-based IEA found that oil investment made up the largest portion of total spending at 45 per cent, compared to 37 per cent on electricity generation, the second-highest. Oil’s share of total global consumption also grew over the year, despite a rise in the popularity of electric cars and higher fuel efficiency vehicles...............................................Full Article: Source
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