Fatih Birol, the chief economist at the International Energy Agency, says Australian coal producers can overcome their current woes as coal shrugs off reports its time has passed, according to The Australian Financial Review. “People have been wrong many times saying that the time of the coal is passed, is over,” Dr. Birol told the AFR, reported to the Business Spectator, which noted that he "develops the closely watched World Energy Outlook for the IEA".
The surge in US oil and natural gas production has lifted hopes about North American energy security, but that growth will plateau and will be difficult to replicate elsewhere, IEA Executive Director Maria van der Hoeven said in an interview with The Monitor.
Despite the surge in unconventional oil, the West must not lose sight of the importance of Middle Eastern production, IEA Chief Economist Fatih Birol said in an interview with FuelFix after a speech at Rice University’s James A .Baker III Institute for Public Policy in Houston, Texas. “I think not only in the United States, but also in Europe, many people believe that after the shale revolution the importance of the Middle East is diminishing,” he said. “I think this is not only wrong from an economic point of view, but also from a policy point of view.” He added that if a lack of attention "hinders the investments in the Middle East countries for new oil fields — and I see already some signs in some countries that the investment decisions are being postponed — then we may well have difficulties in the next few years when we need the growth coming from the Middle East countries.”
IEA Executive Director Maria van der Hoeven comments on oil, natural gas, renewables and nuclear power in this interview and also makes the case for why the IEA is the “global energy authority”.
IEA Chief Economist Fatih Birol told The Telegraph that the outlook for significant price reduction from shale gas is limited in the United Kingdom. "The UK has significant shale gas resources but people shouldn't expect a US scale energy revolution in the UK," he said in an interview. "The economics are not as favourable as in the US." He added, "Nuclear could have a more positive role to play in the UK."
In her CNN Money Opinion article, Black tide of coal overwhelms climate goals, IEA Executive Director Maria van der Hoeven writes that nothing makes clearer the widening gap between reality and the hopes for a clean, sustainable and universally available energy system than the findings of the recent IEA Medium-Term Coal Market Report. "As we look to the long term, we must ask what role coal has to play – because there will be a role. But failure to make coal a cleaner source of energy will have enormous and tragic consequences."