Global oil consumption will rise by 32 percent through 2040 and fossil fuels will continue to supply the vast majority of energy needs even as use of renewable...

Global oil consumption will rise by 32 percent through 2040 and fossil fuels will continue to supply the vast majority of energy needs even as use of renewable and nuclear fuels grows, the U.S. Energy Information Administration forecast this week. China and India are expected to account for nearly half of a 56 percent surge in total world energy use in the period from 2010 to 2040, according to the EIA's International Energy Outlook 2013.


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Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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