Coal Demand to Rival Oil within 5 Years
The
IEA (International Energy Agency), has just released its Medium Term
Coal Market report in which it has predicted that coal will grow to
rival oil as the world’s largest source of energy over the next five
years.The increase in coals popularity has been driven by the falling
price, in turn caused by the shale gas boom in the US. The vast
quantities of cheap shale gas in the US have drastically reduced demand
for coal, which has led to an excess supply in the world market and
therefore a drop in price.Related Article: Is the US Coal Industry…Read more...http://oilprice.com/Latest-Energy-News/World-News/Coal-Demand-to-Rival-Oil-within-5-Years.html
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