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Power

Submission + - By 2017 coal will come close to surpassing oil as the world's top energy source (commodities-now.com) 1

overmoderated writes: Coal's share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world's top energy source, the International Energy Agency said today as it released its annual Medium-Term Coal Market Report (MCMR). Although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.4 btoe for oil, based on IEA medium-term projections.

The IEA expects that coal demand will increase in every region of the world except in the United States, where coal is being pushed out by natural gas.

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By 2017 coal will come close to surpassing oil as the world's top energy source

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