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World Energy Outlook

11 January 2014, The Economist

It is the growing cost of subsidies, rather than worries about climate change, that explains the renewed interest in cutting them, says Fatih Birol at the International Energy Agency (IEA). They have become unaffordable as global oil prices have more than doubled between 2009 and 2012. In Jordan, for instance, their cost increased more than tenfold in just two years. And in many other countries they now account for more than 5% of GDP.

31 December 2013, Edmonton Journal

Fatih Birol, IEA’s chief economist, says OPEC will have gained $1.2 trillion in oil exporting revenue in 2013, or about 50 per cent more than in 2007. In the same time span, the cartel’s production has increased by less than five per cent, or just 1.4 mmbpd since 2007.

23 December 2013, Balkans Business News

Turkey’s energy imports bill is expected to reach $80 billion by 2020 so Turkey must create alternative ways to meet its increasing energy demand, chief economist of the IEA, Fatih Birol, told Anadolu Agency. He added that he believed Turkey would be the most important energy hub in the world in the coming five years.

14 December 2013, Daily Finance

Addressing pollution is one of China's top priorities. Last week, however, states of emergency were declared to cope with the smog. But the problem isn't China's alone. Though natural gas accounts for the bulk of the energy mix in Southeast Asia, the IEA's chief economist Fatih Birol warned the region's economy was moving from green to black because of the abundance of cheap coal.

13 December 2013, Business Insider

Fatih Birol is one of those people who run the world without the man in the street ever having heard of them. From a discreet office in Paris, he keeps an ever-sensitive finger on the world's pulse.

12 December 2013, Forbes

The International Energy Agency’s World Energy Outlook 2013 highlighted the danger – current energy consumption puts the world on course for an increase in average temperatures of 3.6°C, far in excess of the 2°C the international community is aiming for. To have any hope of meeting the 2°C, we need to leave two thirds of current fossil fuel reserves underground, the IEA says.

9 December 2013, Nobel Week Dialogue

Birol described how, thanks to Brazil’s aggressive push into biofuels means that the discovery of large offshore oil reserves will turn it into a significant exporter, instead of selling that oil consumed domestically. Meanwhile, projections suggest that Mid-Eastern countries are on track to consume as much energy in 2030 as China does today.

9 December 2013, Huffington Post

The just-published "World Energy Outlook 2013" by the Paris-based International Energy Agency provides us with an authoritative assessment of trends and systemically significant developments in global energy. They serve as the basis for projections of where we will be in 2035 that are presented in three scenarios. Their forecasts highlight noteworthy changes in current patterns of supply and demand. Yet, the report envisages a relatively high degree of stability in aggregate balances and, therefore, in prices even as the mix of sources of energy undergoes a significant shift as does shares of demand among regions.

9 December 2013, Arstechnica

In the morning session, the person at the International Energy Agency who produces its World Energy Outlook reports, Fatih Birol, gave an overview of the global energy economy. If there were any theme to the discussion, it was that the things you thought you knew simply aren’t true anymore. Or, as Birol put it, former importing countries are becoming major energy exporters.

8 December 2013, The Jerusalem Post

“Israel is going through a very important time of understanding energy markets in the country and in the region,” said Dr. Fatih Birol, chief economist of the International Energy Agency in Paris. “Israel is not an energy island. Israel cannot stay an energy island.”