... The United States will become the world's largest oil producer by around 2020 ...
... with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035...
... The share of coal in primary energy demand will fall only slightly by 2035.One fly in that ointment - Obama. And will any of this affect the Keystone XL decision?
Fossil fuels in general will remain dominant in the global energy mix ...
Update:
But, maybe not so good for energy investors:
.... although the IEA is a respected forecaster, any long-term forecast must be taken with some degree of skepticism. Still, the report should raise the question of whether Canadian oil producers are sound long-term investments.
heh. i'm still laughing about that. not going to happen as long as the dems are in power.
ReplyDeleteHas anyone in the IEA heard of a guy by the name of OBAMA? Does anyone in that organization have any clue about SOCIALISM ?
ReplyDeleteObama took 1.6 million acres out of available exploration lands within 72 hours of being re-elected.