"The New World Energy Order"
Interview with Fatih Birol, International Energy Agency | June 10, 2008
The future world energy order will have China, India, and Middle Eastern countries rather than OECD countries at its helm. ++ Conventional oil is likely to peak soon, and unconventional oil will then play an important role. ++ Since global oil resources are limited, it is only a matter of time before all oil will peak. ++ Though biofuels have received much criticism recently, without them fuel prices would be much higher. ++ "More than any other factor, China's growing thirst for oil will shape what your gas bill looks like in 2018."
