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World Energy Outlook

7 December 2012, The Bangkok Post

Gas supplies from North America and Australia will change the global energy landscape over the next two decades, shifting market domination away from the Middle East, according to the International Energy Agency's World Energy Outlook 2012 report. Fatih Birol, the IEA's chief economist, said the recent rebound in the US oil and gas industry, driven mainly by the discovery of shale gas and use of upstream technologies to unlock what is known as "tight oil", has spurred economic activity in that country.

5 December 2012, EurActiv

The chief economist of the International Energy Agency (IEA) has told EurActiv that energy savings are one of the “few valuable options” left for humankind to reduce carbon dioxide emissions, as he expects no global climate agreement before 2020. […] In a wide-ranging interview, Birol also said that he thought Europe would benefit from a binding energy efficiency target for 2030, and called on European member states to stop trying to weaken the current Energy Efficiency Directive (EED), which comes into effect today (5 December). Any second commitment period of the Kyoto Protocol would be “only a shadow of its former self” because of the absence of states representing 85% of global emitters, Birol said. “Consequently I see little likelihood of substantial emissions reductions.” “It would be a very good surprise if there is such an agreement before 2020 and as such, I believe that energy efficiency is one of the very few valuable options to reduce emissions in the short term and perhaps for some time after,” he said.

4 December 2012, Platts

The main factor in determining oil prices next year, whether they will hold near current levels or come off what looks to be the highest ever annual average, will depend on how the economies of the world's main demand centers fare, International Energy Agency chief economist Fatih Birol said Tuesday. […] Long-term, energy efficiency and subsidy reduction are going to be the main ways to fight higher oil prices. "When we look at the current prices and the global economy, we have to slow down the oil demand growth," he said.

6 December 2012, Al Arabiya

The World energy map will change in the next decade for ever. Fatih Birol, the Chief Economist at the International Energy Agency calls the surge of U.S. oil and gas production “the biggest change in the energy world since World War II.”

3 December 2012, Forbes

The latest edition of the International Energy Agency’s World Energy Outlook says America will surpass Saudi Arabia as the biggest oil producer in 2020 and become self-sufficient in energy by 2030 as new drilling technologies, alternative fuels and declining consumption reduce the need to import oil.

27 November 2012, The Huffington Post-The Blog

Rarely does the release of a data-driven report on energy trends trigger front-page headlines around the world. That, however, is exactly what happened on November 12th when the prestigious Paris-based International Energy Agency (IEA) released this year’s edition of its World Energy Outlook. In the process, just about everyone missed its real news, which should have set off alarm bells across the planet.

26 November 2012, Reuters

Fatih Birol, the International Energy Agency’s chief economist, is not prone to hype. So industry executives listen when he calls the surge of U.S. oil and gas production “the biggest change in the energy world since World War II.” “This is bigger even than the development of nuclear energy,” said Birol in an interview just minutes after he had briefed dozens of the world’s leading energy players and policy makers over breakfast at the fourth annual Atlantic Council Energy and Economic Summit here on the IEA’s World Energy Outlook 2012. “This has implications for the whole world.”

26 November 2012, The Globe and Mail

An energy-thirsty world will need "every drop" of growing production in Canada's oil sands, but the industry will need to reassure a skeptical public that development can be done in an environmentally sustainable way, the International Energy Agency's chief economist says.[...] In an interview Monday in Ottawa, IEA chief economist Fatih Birol said booming oil sands production can be consistent with global progress on climate change, which requires a greater focus on energy efficiency and reducing emissions from coal-fired electricity, especially in places such as China and India."If the necessary [mitigation] measures are taken in terms of the production and transportation of oil sands, this will not have any significant impact on CO2 emissions growth," Mr. Birol said. "Compared to the major emitting countries, this is not peanuts, it is a small fraction of peanuts."

23 November 2012, The New York Times

The International Energy Agency, in its 2012 World Energy Outlook, released last week, forecast that American oil production, which began to rise in 2009 after decades of decline, would continue rising through at least 2020, when it could be about as high as it was in 1970, the year of peak production. At the same time it forecast that by 2035, American oil consumption, which peaked in 2005, could decline to levels not seen since the 1960s, depending on how much conservation is encouraged.

22 November 2012, USA Today

By now it's not news that "fracking" underground shale formations — cracking them open with high-pressure jets of water, chemicals and sand — has unlocked new supplies of natural gas and oil in places such as North Dakota and Pennsylvania. What's surprising is how big those supplies are, and how much they might change the world. Here's one measure: In its latest annual forecast, released last week, the Paris-based International Energy Agency (IEA) says fracking means the USA will overtake Russia to become the world's largest natural gas producer by 2015 and pass Saudi Arabia as the world's largest oil producer by 2017.