'Peak oil' hit in 2006, and a future of declining oil production means that ‘the age of cheap oil is over,’ says the IEA's chief economist.
Drilling shale to capture oil and gas is a technology that China, which burns a lot of coal, is eager to learn. That's why it's a partner in a south Texas 'fracking' project.
China will drive rising energy consumption and carbon dioxide emissions over the next 25 years, says Fatih Birol, chief economist of the International Energy Agency. But it will also lead the way in new sources of renewable energy.
The chief economist for the International Energy Agency says oil-rich Nigeria has the capacity to extend electricity to all its 150 million citizens.
The chief economist for the International Energy Agency says the international community must mobilize to target the 1.4 billion people worldwide without electricity, and to meet the UN Millennium Development Goals.
Coal and oil use in the United States saw a significant dip in 2009 because of the current economic downturn and advances in technology, particularly wind power.
As part of a China energy crackdown to meet efficiency targets, leaders are directing 2,000 factories to close. But it appears many of the locales have already been shuttered.
The EU today implemented tough new Iran sanctions aimed at curbing Iran's nuclear ambitions. The sanctions specifically target Iran's oil industry, which accounts for roughly 80 percent of Iranian exports but faces numerous challenges.
Despite the breakneck speed at which the country surpassed the United States as the world's biggest energy consumer, International Energy Agency chief economist Fatih Birol says China energy use can be slowed.
China passed the United States as the world's No. 1 energy consumer. China denies it. But followers of China energy use are not surprised by the International Energy Agency's announcement.