9 November 2010, BBC News
International Energy Agency (IEA) released "World Energy Outlook 2010." IEA said oil price rises $243.8 per barrel in a scenario governments continue current energy policies. Tanaka Nobuo, the Secretary General, said the situation over energy "has been facing unprecedented uncertainty." The global energy demand in the scenario is expected to expand to 180 Mtoe from current 122 Mtoe. Emerging economies such as China are expected to account for much of the increase in demand.
9 November 2010, Nihon Keizai Shimbun, Japan
According to the 25-year forecast in the IEAs latest annual World Energy Outlook, the most likely scenario is for crude oil production to stay on a plateau at about 68 to 69 million barrels per day. The consequences for the world’s energy consumers of this increased reliance on natural gas liquids and other unconventional fuels are stark. "The age of cheap oil is over," said Fatih Birol, IEA chief economist "If the consuming nations do not make major efforts to slow down the oil demand growth, we will see higher oil prices," Birol said, "which we think is not good news for the economies of the consuming nations."
9 November 2010, National Geographic
Global oil supplies will come close to a peak by 2035 when oil prices will exceed $200 a barrel, the International Energy Agency said on Tuesday, as China and other emerging economies drive demand higher. "The message is clear, the price will go up, especially if consuming countries do not make changes in the way they consume oil, especially in the transport sector," IEA Chief Economist Fatih Birol said.
9 November 2010, Reuters
“Oil market developments and growth in CO2 emissions are my greatest concern,” said IEA Chief Economist Fatih Birol. At launch of the World Energy Outlook 2010. “Demand from emerging markets will be strong. There is a lack of united political will to reduce carbon emissions.” Birol added.
9 November 2010, Bloomberg
International Energy Agency (IEA) released 2010 edition of "World Energy Outlook," and announced the preliminary data indicated that shows that China became a world energy consumer surpassing the United States in 2009. Also, it predicted China will lead the world in power generation by renewables such as wind and solar PV. It also said measures cost more by at least one trillion dollars (about 80 trillion yen) because enough agreement was not achieved at the 15th Conference of the Parties of the Framework Convention on Climate Change (COP15) in the last year.
9 November 2010, Sankei Shimbun, Japan
Governments need to do more to increase efficiency and boost green technologies to avoid a spike in oil prices as energy demand is expected to jump 36 percent through 2035, the International Energy Agency warned at the launch of World Energy Outlook 2010. Nations meeting in Copenhagen last year pledged varying reductions to their carbon emissions by 2020 - ranging from 17 percent for countries including the United States and Canada to 45 percent for China. "Whether or not these countries fulfil their targets is a big question," said IEA Chief Economist Fatih Birol. "We consider Copenhagen to be a failure ... some of the pledges are very vague."
9 November 2010, Forbes
China will continue lead the charge as the No. 1 energy consumer over the next quarter-century, and oil will remain the dominant fuel despite huge investment in alternatives, according to IEA’s World Energy Outlook released in London. Internationally, the use of renewable energy sources -- hydro, wind, solar, geothermal, biomass and marine energy -- is expected to triple between 2008 and 2035, according to the report. But despite all the investment in cleaner alternatives, the overall mix of energy use is expected to be little changed, with oil remaining the most popular energy use in 2035, followed by coal, the report said.
9 November 2010, CNN Money
Global subsidies for renewable energy totalled $57 billion in 2009”, International Energy Agency Chief Economist Fatih Birol said today at the launch of World Energy Outlook 2010.“In the absence of government support, many renewable energy technologies will struggle to survive, especially in a cheap-gas environment,” Birol said. About $5.7 trillion will be invested in electricity generation from renewables such as wind and solar power during the next 25 years, according to the agency’s World Energy Outlook. Government support for the industry can be justified “by the long term economic, energy security and environmental benefits they can bring,” the agency said.
9 November 2010, Bloomberg
Global oversupply of gas is set to rise above 200 billion cubic metres (bcm) next year and capacity is likely to exceed demand for another 10 years, despite rising gas use, the International Energy Agency said on Tuesday at the launch of the World Energy Outlook 2010. "The gas glut will be with us 10 more years," IEA chief economist Fatih Birol said.
9 November 2010, Reuters Africa
China will become the world’s biggest user of electricity in 2012, overtaking the U.S., as its economic growth is set to outperform the western world, according to the International Energy Agency’s World Energy Outlook.”China, where power demand will rise 7.7 percent a year from now until 2015, will add about 600 gigawatts of coal-fired generation capacity in the next 25 years” IEA Chief Economist Fatih Birol said.