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World Energy Outlook

4 December 2013, The Epoch Times

Fatih Birol, chief economist of the International Energy Agency (IEA) reiterated his positive outlook on U.S. energy production in a speech at the Council on Foreign Relations in New York Wednesday. “The United States will be the largest oil producer in the world in 2017, larger than Saudi Arabia. This year’s findings confirm this trend; maybe even in 2015. This is good news,” he said, adding that most of the oil will be shale-based. Shale oil and gas can only be recovered by using advanced technology such as hydraulic fracturing or “fracking.” This is part of a global theme where countries that previously imported energy will become exporters.

3 December 2013, Financial Times

Fatih Birol, the chief economist of the International Energy Agency, and others have recently pointed out that shale gas production in Europe is unlikely to close more than marginally the gap between natural gas prices in the EU and the US (as well as Russia, the Middle East and other major producers).

29 November 2013, Reuters

Europe's energy prices will stay up to three times higher than in the United States for the next 20 years, unless the region can develop domestic supplies and increase efficiency, the International Energy Agency's chief economist said.

28 December 2013, Il Sole 24 Ore

The center of gravity of energy will shift more and more towards emerging economies. And those markets, from China to India, through the Middle East, will lead the demand and determine, from now until 2035, an increase of about one-third of total energy consumption. That's the future according to the World Energy Outlook 2013, which was presented today in Rome by Fatih Birol, chief economist of the International Energy Agency, with interventions from the CEO of Eni, Paolo Scaroni, and the Ministers of Economic Development and Foreign Affairs Flavio Zanon and Emma Bonino.

28 November 2013, ECNS

Fatih Birol, the IEA's chief economist, said,"Lower energy prices in the US mean that it is well-placed to reap an economic advantage, while higher costs for energy-intensive industries in Europe and Japan are set to be a heavy burden,"

25 November 2013, Wall Street Journal

International Energy Agency chief economist Fatih Birol said Monday that he would be surprised if Iranian oil exports returned to pre-crisis levels soon, following the political accord Sunday on Iran's nuclear program.

25 November 2013, Reuters

An increasing number of European oil refineries face early closure as developing nations build their own capacity and rising volumes of fuel do not need refining, the International Energy Agency's chief economist said.

22 November 2013, Wall Street Journal

Ankara wants to cut energy costs, expand its own production and tap into a steady supply. The steps are critical as Turkey strives to more than double its $786 billion gross domestic product over the next decade and join the world’s top-10 economies. The International Energy Agency’s Chief Economist Fatih Birol gave The Wall Street Journal his take on Turkey at the Atlantic Council Energy & Economy Summit in Istanbul.

14 November 2013, Climate-l

The WEO predicts that global energy demand will increase by one-third by 2035, driven nearly completely by emerging and developing economies. It suggests that, as the energy sector is responsible for two-thirds of global greenhouse gas emissions, much of the burden of mitigating climate change will fall on this sector and these countries.

14 November 2013, Platts

The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday.